ICEYE Series F financing
- ICEYE Series F values company at over €10 billion
- Molten holding rises to £317m with circa £22m realised
- ICEYE hit €250m revenue and 100 satellites by 2028
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Molten Ventures Plc (GROW) This announcement contains information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 ("UK MAR"). Upon publication of this announcement, this information is considered to be in the public domain. |
MOLTEN VENTURES PLC
("Molten Ventures", "Molten", or the "Company")
ICEYE Series F financing
£238m valuation uplift and circa. £22 million secondary proceeds
Molten Ventures (LSE: GROW), a leading venture capital firm investing in and developing high-growth digital technology businesses, notes the announcement made earlier today by its portfolio company ICEYE Oy ("ICEYE") regarding the completion of a Series F financing round. ICEYE is a world leader in sovereign intelligence from space and operates the world’s largest and most advanced SAR (Synthetic Aperture Radar) satellite constellation.
Transaction summary
ICEYE has raised approximately €450 million ($520 million) in a primary Series F funding round led by General Atlantic. Together with a secondary placement, the total Series F transaction exceeds €1 billion and values ICEYE at a primary valuation of over €10 billion ($12 billion).
Impact on Molten
At the value of the Series F, Molten’s holding value in ICEYE will increase to £317 million, representing an uplift of £238 million (+236%) from the 31 March 2026 holding value. As part of the round Molten has realised a further circa. £22 million. The new implied Gross Portfolio Value (“GPV”) of £317 million is after the proceeds of the secondary sale.

