About Thor Ice
Thor Ice is a company based in Reykjavik (Iceland) founded in 2002.. Thor Ice has raised $3.52 million across 4 funding rounds from investors including European Union, Alfa Framtak and EIC Fund. Thor Ice offers products and services including IceGun System, Cooling Systems for Seafood, and Cooling Systems for Meat. Thor Ice operates in a competitive market with competitors including UniFAHS, Food Alert, We R Food Safety, Safe Food Alliance and Bio-Cide International, among others.
- Headquarter Reykjavik, Iceland
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$3.52 M (USD)
in 4 rounds
-
Latest Funding Round
$3.52 M (USD), Series A
Nov 18, 2022
-
Investors
European Union
& 2 more
-
Employee Count
Employee Count
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
Products & Services of Thor Ice
Thor Ice offers a comprehensive portfolio of products and services, including IceGun System, Cooling Systems for Seafood, and Cooling Systems for Meat. 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.
Patented system for reducing bacteria in poultry and seafood processing
Technology to cool seafood and minimize waste during processing
Systems that reduce weight loss and enhance meat quality
Funding Insights of Thor Ice
Thor Ice has successfully raised a total of $3.52M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.52 million completed in November 2022. 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 4
- Last Round Series A — $3.5M
-
First Round
First Round
(01 Aug 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Thor Ice | Valuation | Alfa Framtak |
|
| Oct, 2020 | Amount | Grant - Thor Ice | Valuation |
investors |
|
| Jan, 2017 | Amount | Grant - Thor Ice | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thor Ice
Thor Ice has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Alfa Framtak and EIC Fund. 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 |
|---|---|---|---|---|
|
Alfa Framtak is engaged in private equity investments.
|
Founded Year | Domain | Location | |
|
Government agency and accelerator focusing on innovative startups and SMEs
|
Founded Year | Domain | Location | |
|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Thor Ice
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Thor Ice
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thor Ice Comparisons
Competitors of Thor Ice
Thor 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 UniFAHS, Food Alert, We R Food Safety, Safe Food Alliance and Bio-Cide International, 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 |
Meat alternatives and phage-based food safety solutions are provided.
|
|
| domain | founded_year | HQ Location |
Offers cloud-based tools for food safety, compliance checks, and allergen management services.
|
|
| domain | founded_year | HQ Location |
Offers expert food safety consulting and electronic record-keeping software solutions.
|
|
| domain | founded_year | HQ Location |
Provides food safety testing, audits, training, and consulting for industry compliance.
|
|
| domain | founded_year | HQ Location |
Food safety management solutions are provided to food manufacturers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Thor Ice
When was Thor Ice founded?
Thor Ice was founded in 2002 and raised its 1st funding round 14 years after it was founded.
Where is Thor Ice located?
Thor Ice is headquartered in Reykjavik, Iceland.
Who is the current CEO of Thor Ice?
Thorsteinn I Viglundsson is the current CEO of Thor Ice.
Is Thor Ice a funded company?
Thor Ice is a funded company, having raised a total of $3.52M across 4 funding rounds to date. The company's 1st funding round was a Grant of $53.49K, raised on Aug 01, 2016.
What does Thor Ice do?
Thor Ice was founded in 2002 in Reykjavik, Iceland, as a provider in the food processing sector. Solutions for processing poultry, seafood, and meat are offered to eliminate harmful bacteria and prolong shelf life. Safety testing services are also included to ensure compliance with industry standards. Operations focus on enhancing food preservation techniques within the Icelandic market and beyond.
Who are the top competitors of Thor Ice?
Thor Ice's top competitors include UniFAHS, Bio-Cide International and Food Alert.
What products or services does Thor Ice offer?
Thor Ice offers IceGun System, Cooling Systems for Seafood, and Cooling Systems for Meat.
Who are Thor Ice's investors?
Thor Ice has 3 investors. Key investors include European Union, Alfa Framtak, and EIC Fund.