Scaleup Europe Fund makes first investment, co-leading Iceye's €1BN round

Europe’s €5bn investment fund aimed at scaling up future European tech giants has disclosed that its first investment is in Finnish satellite startup Iceye . The Scaleup Europe Fund, managed by Swedish investment firm EQT, co-led Iceye’s €1bn funding round, the fund said. It co-led the round with US private equity firm General Atlantic, which was announced in June this year.