11 Dec 2025
We interviewed Rafal Modrzewski, co-founder and CEO of ICEYE, a Finland-based micro-satellite manufacturer, at the recent OTB Ventures Summit in Poland.
Founded in 2014 and backed by the EIC along the way, ICEYE essentially provides persistent monitoring capabilities for any location on earth (even at night and when it's cloudy).
Owning the world’s largest synthetic-aperture radar (SAR) satellite constellation, the company enable objective, data-driven decisions for customers in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring and finance, among others.
The 'new space' scale-up has raised over $300 million in funding to date.

Have a listen to this interview on our podcast page, or via the embedded audio player below.
About the EIC Scaling Club
The EIC Scaling Club is a curated community where 100 European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.
The top 100 European deep tech companies will be carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.
The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.
Related Articles
Recent Articles
Our new Policy Report reveals a mismatch between the EU’s long-term regulatory vision and scaleups' immediate capital needs
23 Jan 2026
AI in health tech: EIC Scaling Club companies advancing diagnosis, care and treatment
13 Jan 2026
cylib secures €63.4 million to scale LFP battery recycling in Europe
7 Jan 2026
.webp?width=2501&height=1406&name=EIC_Scaling%20Club_general_Twitter%20(1).webp)