The Technology team advised General Catalyst on leading the Series E round for ICEYE, the world leader in synthetic aperture radar (SAR) satellite systems. The funding will be used to accelerate the company’s delivery of sovereign satellite systems and data intelligence services. ICEYE has secured €150 million in new funding, as well as a €50 million secondary placement, valuing the company at €2.4 billion ($2.8 billion). The round was led by General Catalyst, with strong pan-European participation, including A.P. Moller Holding in Denmark, Bpifrance in France, Vinci (BGK Group) and RiO Family Office from Poland, as well as Finnish investors Solidium, Ilmarinen, European Tech Collective, Keva, Lifeline Ventures, Tesi, Varma Mutual Pension Insurance Company, and Peter Sarlin.
This new deal marks another high-profile European Defense Tech transaction for Goodwin, having recently advised General Catalyst in its investment, both in Series B and Series C, in Helsing as well as acting as outside counsel to Harmattan AI.
General Catalyst is a global venture capital firm that invests in founders and companies that are changing the status quo in consumer, enterprise, fintech, health, security, manufacturing, and assurance sectors.
The Goodwin deal team was led by Mike McGrail, Emily Townsend, Harriet Worthington, Olly Watt, Liza Craig, Joshuah Turner, Justin Pierce, Stephen Migala, Timbre Griffin, Sarah Jordan, Samuel Honnywill, Elliot Luke, Simone Waterbury, Tim Holahan, Anna Shipley Roy, Alex Fisher, Alex Nicolaidis, Kaitlin Betancourt, Bethany Withers, Lauren Avery, Jacob Lee, Jacqueline Klosek, Curtis McCluskey, Gretchen Scott, Rachel Thurbon, Alexandra Mulligan, Joseph Ndep, Hakyung Lee, and Geng To Law.
For more information on the deal, please read the press release.