About ice Group
ice Group is a Telecommunications company based in Oslo (Norway) founded in 2008, and was acquired by Lyse in March 2022. Mobile communication services provider. ice Group has raised $163.75 million across 3 funding rounds from investors including Lyse and Access Industries. Its focus areas include Telecom, Telecom Operators and Cellular.
Company details
Ice Group (formerly known as AINMT holdings) is a telecom service provider which caters to residential customers in Norway, Brazil, Indonesia and the Philippines. It offers mobile voicedata and other related telecom services under the Net1 brand. It provides these services through its own network and also through partnerships with multiple operators. As a part of its growth strategy, it has made multiple acquisitions including ice.net (2009), Network Norway (2015), and 30 stack in Nextel Brazil (2017).
- Headquarters Oslo, Norway
- Stage Acquired
- SectorsTelecommunications
- Email••••••••
- Website icegroup.com
- Social LinkedIn
- Acquired by Lyse (Mar 2022)
Funding Insights of ice Group
ice Group has successfully raised a total of $163.75M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $99.57 million completed in September 2019. 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 $163.75M
- Total Rounds 3
- Last Round Debt – Conventional — $99.57M
- First Round $82.5M
(Apr 2015)
All 3 funding rounds of ice Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $99.57M | Debt – Conventional | – | – | – |
| Mar 2019 | $81.25M | Series B | – | – | – |
| Apr 2015 | $82.5M | Series B | – | – | – |
2 investors in total: 2 institutional.
Investors in ice Group
ice Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lyse and Access Industries.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment and holding company controlled by Len Blavatnik | accessindustries.com | New York, United States | ||
Solar energy projects are developed by Lyse in Norway. | 1998 | lyse.no | Stavanger, Norway |
Investor details for ice Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ice Group
12 people are tracked at ice Group (7 in leadership, 4 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Shiraz Abid | Chief Commercial Officer | Leadership |
Eivind Helgaker | CEO | Leadership |
Jan-Erik Hvidsten | Chief Technology Officer | Leadership |
Martin Westersø | Chief of Staff | Leadership |
Ola Beinnes Fosse | Chief Financial Officer | Leadership |
Hans Heggenhaugen | B2B Director | Leadership |
Reynir Johannesson | Communication Director | Leadership |
Hans-Holger Albrecht | Director | Board & advisors |
Roshi Motman | Director | Board & advisors |
Guillaume d’Hauteville | Chair | Board & advisors |
Mari Thjømøe | Director | Board & advisors |
Kirsti Eidsvik | General Counsel | Team |
Complete people profiles for ice Group
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ice Group
5 dated milestones of ice Group across 14 years, from founding to its latest funding, stage changes and deals.
- Founded ice Group is founded.
- Exit Acquired by Access Industries.
- Funding First funding round of $82.5M.
- Funding Latest funding round, Debt – Conventional, of $99.6M.
- Exit Acquired by Lyse.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Ice Group
Complete news archive for ice Group
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about ice Group
ice Group was founded in 2008 and raised its 1st funding round 7 years after it was founded.
ice Group is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
ice Group is a funded company, having raised a total of $163.75M across 3 funding rounds to date. The company's 1st funding round was a Series B of $82.5M, raised on Apr 2015.
Ice Group (formerly known as AINMT holdings) is a telecom service provider which caters to residential customers in Norway, Brazil, Indonesia and the Philippines. It offers mobile voicedata and other related telecom services under the Net1 brand. It provides these services through its own network and also through partnerships with multiple operators. As a part of its growth strategy, it has made multiple acquisitions including ice.net (2009), Network Norway (2015), and 30 stack in Nextel Brazil (2017).
ice Group has 2 investors. Key investors include Lyse, and Access Industries.
Yes. ice Group was acquired by Lyse in March 2022.