About Easy Ice
Easy Ice is a company based in Marquette (United States) founded in 2009 by John Mahlmeister was acquired by Freeman Spogli in December 2019.. Easy Ice has raised $8 million across 1 funding round from investors including Freeman Spogli and Saratoga Investment. Easy Ice has completed 11 acquisitions, including Biltmore Refrigeration, Carefreeice and Cube Aire. Easy Ice offers products and services including Ice Machine Subscriptions and Ice Types and Equipment.
- Headquarter Marquette, United States
- Founders John Mahlmeister
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Phone
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Website
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Social
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- Legal Name Easy Ice, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 1 rounds
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Latest Funding Round
$8 M (USD), Series A
Jan 28, 2014
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Investors
Freeman Spogli
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Biltmore Refrigeration
& 10 more
- Acquired by
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Products & Services of Easy Ice
Easy Ice offers a comprehensive portfolio of products and services, including Ice Machine Subscriptions and Ice Types and Equipment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Subscriptions for commercial ice machines are provided that encompass maintenance, repairs, and installation to meet business requirements
Various ice types and equipment, including machines from multiple brands, are supplied to support different operational needs in served industries
Funding Insights of Easy Ice
Easy Ice has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in January 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $8.0M
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First Round
First Round
(28 Jan 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2014 | Amount | Series A - Easy Ice | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Easy Ice
Easy Ice has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Freeman Spogli and Saratoga Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm investing in the US
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Founded Year | Domain | Location | |
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North American private equity investments are managed by Freeman Spogli.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Easy Ice
Easy Ice has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Biltmore Refrigeration, Carefreeice and Cube Aire. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ice machine leasing, maintenance, and repair services are provided.
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2015 | ||||
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Ice making machines are produced by Icesurance for commercial applications.
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2010 | ||||
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All-inclusive commercial ice machine subscriptions are provided.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Easy Ice
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Easy Ice Comparisons
Competitors of Easy Ice
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Easy Ice
When was Easy Ice founded?
Easy Ice was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is Easy Ice located?
Easy Ice is headquartered in Marquette, United States. It is registered at Marquette, Michigan, United States.
Who is the current CEO of Easy Ice?
Mark Hangen is the current CEO of Easy Ice.
Is Easy Ice a funded company?
Easy Ice is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on Jan 28, 2014.
What does Easy Ice do?
Provider of all-inclusive commercial ice machine subscriptions. It offers a rental program encompassing top-quality ice machines, bins, and dispensers. The service includes delivery, installation, preventive maintenance, cleaning, and all repairs, covering parts and labor. A professional-grade water filtration system is also provided. The program features a simple ice machine upgrade program and a 30-day cancellation option for qualified customers. Ice machines are available for various industries, including restaurants, hospitals, and corporate offices. The company focuses on providing unmatched service and equipment availability.
What products or services does Easy Ice offer?
Easy Ice offers Ice Machine Subscriptions and Ice Types and Equipment.
How many acquisitions has Easy Ice made?
Easy Ice has made 11 acquisitions, including Biltmore Refrigeration, Carefreeice, and Cube Aire.
Who are Easy Ice's investors?
Easy Ice has 2 investors. Key investors include Freeman Spogli, and Saratoga Investment.
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