HIIF announces €35 million investment in ICEYE
The fund’s first investment involves preferred shares. A new satellite facility in Greece remains an expansion plan.
The Hellenic Innovation and Infrastructure Fund (HIIF) announced a €35 million investment in ICEYE on November 11. It is the fund’s first investment, through preferred shares, according to the Prime Minister’s Office and reporting by Business Daily.
The government account links the investment to a planned new Greek satellite assembly, integration and testing facility. It cites projected capacity of 150 satellites annually and 230 highly skilled jobs. These are forecasts for the future facility, not current operational figures.
ICEYE already has a presence in Greece. In its own May 16, 2025 announcement, the company confirmed the opening of offices and an assembly production line in Athens, as part of cooperation with the Hellenic Space Agency and the Digital Governance Ministry. The new development concerns additional investment and expansion plans rather than the company’s first arrival in Greece.
Buying shares is an equity investment in a company. This particular announcement is not a business-subsidy application call or a recruitment notice. Implementation of the new production facility and hiring require separate confirmation.
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