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What’s Scaleup Europe, the $5.7B fund that just backed satellite company ICEYE?

Tuesday, August 11, 2026


Scaleup Europe, a public-private fund targeting $5.7 billion in total capital, invested in ICEYE, a Finnish satellite company. The investment marked Scaleup Europe's first deployment of capital. ICEYE develops synthetic aperture radar satellites for Earth observation and monitoring applications.

Original reporting: https://techcrunch.com/2026/08/11/whats-scaleup-europe-the-5-7b-fund-that-just-backed-satellite-company-iceye/

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