Fenwick represented Iceye, a leading SAR data provider, in its $87 million Series C financing. The financing was led by True Ventures, with a significant additional investment by OTB Ventures.

ICEYE intends to use this financing round to continue accelerating the growth of its SAR satellite constellation with more spacecraft, increasing data availability for all continents through 24/7 customer operations, continuing the development of ground-breaking radar imaging capabilities, and for establishing spacecraft manufacturing in the United States. More information can be obtained from Iceye’s announcement.

The Fenwick transaction team was led by corporate partner Dawn Belt and associates Patrick Grilli and Alyssa Zhang.

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