About LUX ICE
LUX ICE is a company based in Philadelphia (United States) founded in 2020.. LUX ICE has raised $6.18 million across 2 funding rounds. LUX ICE offers products and services including Craft Ice, Retail Consumer Pack, and Foodservice Pack. LUX ICE operates in a competitive market with competitors including Abstract Ice, Mixicles, Fat Ice, Dry Ice Columbus and Cosner Ice, among others.
- Headquarter Philadelphia, United States
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Sectors
Consumer
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Email
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Phone
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Website
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Social
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- Legal Name Lux Ice, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.18 M (USD)
in 2 rounds
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Latest Funding Round
$2.18 M (USD), Series A
Feb 02, 2024
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Investors
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Employee Count
Employee Count
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Products & Services of LUX ICE
LUX ICE offers a comprehensive portfolio of products and services, including Craft Ice, Retail Consumer Pack, and Foodservice Pack. 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.
Slow-melt spheres that preserve beverage taste and appearance for consumers.
Convenient 6-count packs for at-home beverage enhancement.
72-sphere cases designed for foodservice operators to save time and improve service.
Funding Insights of LUX ICE
LUX ICE has successfully raised a total of $6.18M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.18 million completed in February 2024. 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 2
- Last Round Series A — $2.2M
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First Round
First Round
(26 May 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - LUX ICE | Valuation |
investors |
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| May, 2023 | Amount | Series A - LUX ICE | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by LUX ICE
| 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 - LUX ICE
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Lux Ice Comparisons
Competitors of LUX ICE
LUX ICE 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 Abstract Ice, Mixicles, Fat Ice, Dry Ice Columbus and Cosner Ice, 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 |
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| domain | founded_year | HQ Location |
Brand of ice cubes
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| domain | founded_year | HQ Location |
Ice cubes are branded and distributed by Mixicles.
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| domain | founded_year | HQ Location |
Provider of ice cubes for consumers
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| domain | founded_year | HQ Location |
Dry ice production and distribution company
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| domain | founded_year | HQ Location |
Packaged ice is supplied and delivered by Cosner Ice services.
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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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Frequently Asked Questions about LUX ICE
When was LUX ICE founded?
LUX ICE was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is LUX ICE located?
LUX ICE is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is LUX ICE a funded company?
LUX ICE is a funded company, having raised a total of $6.18M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on May 26, 2023.
What does LUX ICE do?
LUX ICE was founded in 2020 in Philadelphia, United States. An internet-first brand in the dry ice sector is operated, with products intended for use in coffee, vodka, cocktails, iced drinks, and similar applications. Dry ice pellets are produced that reportedly do not clump and contain no preservatives. Distribution occurs primarily through the companys domain, luxiceusa.com, targeting consumer markets.
Who are the top competitors of LUX ICE?
LUX ICE's top competitors include Abstract Ice, Cosner Ice and Fat Ice.
What products or services does LUX ICE offer?
LUX ICE offers Craft Ice, Retail Consumer Pack, and Foodservice Pack.