About ice Group
ice Group is a company based in Oslo (Norway) founded in 2008 was acquired by Lyse in March 2022.. ice Group has raised $163.75 million across 3 funding rounds from investors including Lyse and Access Industries. ice Group operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter Oslo, Norway
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Sectors
Telecommunications
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Email
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $99.6M
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First Round
First Round
(22 Apr 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Debt – Conventional - ice Group | Valuation |
investors |
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| Mar, 2019 | Amount | Series B - ice Group | Valuation |
investors |
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| Apr, 2015 | Amount | Series B - ice Group | 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 ice Group
ice Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lyse and Access Industries. 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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Investment and holding company controlled by Len Blavatnik
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Founded Year | Domain | Location | |
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Solar energy projects are developed by Lyse in Norway.
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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 ice Group
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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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 |
Financial Statements - ice Group
| 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 |
Ice Group Comparisons
Competitors of ice Group
ice Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Provider of integrated telecommunication services
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| 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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Latest news on Ice Group
Frequently Asked Questions about ice Group
When was ice Group founded?
ice Group was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is ice Group located?
ice Group is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Is ice Group a funded company?
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 22, 2015.
What does ice Group do?
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).
Who are ice Group's investors?
ice Group has 2 investors. Key investors include Lyse, and Access Industries.
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