Scaleup Europe Makes First Investment, Backing Finnish Satellite Firm ICEYE

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Scaleup Europe, a public-private investment fund targeting $5.7 billion, has completed its first investment by backing Finnish satellite company ICEYE. The fund was established as a joint initiative between public institutions and private investors to support European technology growth. ICEYE, based in Finland, specializes in satellite technology and is among the continent's notable space-sector firms. The investment marks a significant milestone for Scaleup Europe as it begins deploying capital toward European tech scaleups.

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