About Ice.vc
Ice.vc is a venture capital firm founded in 2016. It is primarily based out of Mumbai, India. As of Apr 2025, Ice.vc has invested in 62 companies. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and Enterprise Applications. Most recently it participated in the $***** Series A round of Lo! Foods Overall, Ice.vc portfolio has seen 1 unicorn, 2 IPOs and 6 acquisitions including key companies like FuboTV, Ledger and SpaceX. A lot of funds co-invest with Ice.vc, with names like Angel List sharing a substantial percentage of its portfolio. Ice.vc has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Ice.vc's List of Top Investments
Ice.vc has a portfolio of 62 companies, one of which is a Unicorn. Their most notable investmentis in ZippeeTheir portfolio spans across India, United States, France and 1 more locations. They have invested in Retail, Consumer, Enterprise Applications and 25 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Ice.vc:1. FuboTV
Operator of streaming platforms providing live sports, news, and entertainment. The platforms deliver programming through user experience offering choice, flexibility, and value. The company focuses on computer vision technology to innovate on a global scale.
Key facts about FuboTV
- Founded Year: 2015
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $151M
- Employee Count: 701 as on Jun 30, 2026
- Investors: Advantas Capital Ventures, Luminari Capital and 19 Others
- Latest Funding Round: Post IPO, Feb 16, 2021, $*****
- Highlight: Acquired
2. Ledger
Blockchain based hardware wallet for cryptocurrency. Its products offered include Nano X, Nano S, Blue, and OTG Kit. It supports multiple cryptocurrencies including Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, and more. It offers a vault which is a multi authorization cryptocurrency wallet management solution.
Key facts about Ledger
3. SpaceX
Provider of advanced aerospace and space transportation services. It delivers advanced launch services using reusable rocket systems designed to transport crew and cargo for missions to orbit, the Moon, Mars, and deep space exploration. It also develops and operates large-scale satellite networks that provide high-speed, low-latency internet connectivity across the globe, including remote and underserved regions. It supports human spaceflight programs aimed at expanding long-duration space exploration and increasing access to space for both commercial and governmental missions.
Key facts about SpaceX
- Founded Year: 2002
- Location: Hawthorne (United States)
- Stage: Public
- Total Funding till date: $11.9B
- Employee Count: 20,561 as on Jul 31, 2026
- Investors: TrueBridge, equitywestsecurities.com and 268 Others
- Latest Funding Round: Series J, Mar 17, 2026, $*****
- Highlight: Public
4. Ultrahuman
Developer of wearable health monitors and metabolic glucose tracking devices. These products track sleep, recovery, and metabolic markers to provide health insights. The hardware includes rings for sleep monitoring, continuous glucose monitors, and red light therapy equipment. Software platforms interpret health data and blood test results to assist with physiological performance and wellness management.
Key facts about Ultrahuman
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $103M
- Employee Count: 333 as on Mar 31, 2026
- Investors: Steadview, Alpha Wave Global and 44 Others
- Latest Funding Round: Series C, Mar 17, 2026, $*****
- Highlight: Editors' Pick
5. Blu-Smart
Platform offering electric vehicle fleet undergoing corporate insolvency resolution process. An insolvency professional has been appointed to manage the entity. The board of directors' powers are suspended, and management is vested in the resolution professional. Correspondence regarding the corporate insolvency resolution process should be directed to the designated email address.
Key facts about Blu-Smart
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2024
- Last Known Valuation: $*****
- Stage: Deadpooled
- Total Funding till date: $159M
- Employee Count: 613 as on Feb 28, 2025
- Investors: SoftBank Group, BlackSoil and 280 Others
- Latest Funding Round: Series A, Dec 23, 2024, $*****
Ice.vc's Year-on-Year Investment Trends
Ice.vc has invested in 62 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Lo! Foods and most recent follow-on round was in GameEon.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 3 | 1 | 4 |
2023 | 1 | 0 | 1 |
2022 | 3 | 1 | 4 |
2021 | 5 | 1 | 6 |
2020 | 3 | 0 | 3 |
Ice.vc's Investments by Stage
Ice.vc has made 13 investments in Seed stage with an average round size of $818K and 3 investments in Series A stage with an average round size of $3.67M.Stage of entry | No. of Investments |
|---|---|
Seed | 13 |
Series A | 3 |
Note: We have considered here, only first round of investments
Ice.vc's Investments by Sector
Ice.vc has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Food and Agriculture Tech and High Tech. Notably, it has invested in 57 Tech companies, 37 Consumer (B2C) companies, 33 Enterprise (B2B) companies and at least 25 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 7 |
Enterprise Applications | 6 |
Retail | 6 |
Food and Agriculture Tech | 4 |
High Tech | 4 |
Others | 26 |
Note: We have considered here, only first round of investments
Ice.vc's Investments by Geography
Ice.vc has made most investments in India (16).Ice.vc's recent investments
Ice.vc has not made any investment in 2026 so far.Here are the most recent investments by Ice.vc:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 09, 2025 | India | Series A | 9097 | [+3] | |
Sep 12, 2024 | India | Seed | 1133 | [+6] | |
Aug 22, 2024 | India | Series A | 9418 | [+21] | |
Aug 19, 2024 | India | Seed | 5774 | [+27] | |
Feb 29, 2024 | India | Seed | 1840 | [+7] |
Unicorns in Ice.vc's Portfolio
Ice.vc has 1 unicorn in its portfolio - Ledger. The most recent unicorn in their portfolio is Ledger which became a unicorn in 2021, 5 years before Ice.vc first invested in it.Here is a list of unicorns in Ice.vc's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
82 | Blockchain based hardware wallet for cryptocurrency | 2014 | Paris | Series C | istf{cg |
IPOs and Publicly Listed companies in Ice.vc's Portfolio
2 of Ice.vc's portfolio companies have become public. SpaceX got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $996B and Arbe got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of undefined.Here are Ice.vc's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2026 | - | - | 9346 | |
Oct 08, 2021 | - | - | 3580 |
Acquired companies in Ice.vc's Portfolio
6 companies from Ice.vc's portfolio have been acquired. The most recent acquisition was FuboTV in Oct 2025 by Disney for $*****.Here are Ice.vc's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 29, 2025 | - | - | 5495 | |
Dec 05, 2024 | - | - | 2982 | |
Dec 12, 2023 | Aug 09, 2021 | Seed | 5827 | |
Nov 10, 2021 | - | - | 8357 | |
Aug 02, 2019 | - | - | 7041 |
Team profile of Ice.vc
Ice.vc has a team of 3 members including 2 Partners located in India. Ice.vc's team does not sit on the board of any company as of now.Co-investors of Ice.vc
Over the past 6 years, 997 investors have co-invested in Ice.vc's portfolio companies. This includes funds and angels.
- Invested before Ice.vc: Raveen Sastry, Icebreaker Tech and 263 others have invested in rounds before Ice.vc. There are 2 companies where Raveen Sastry has invested before Ice.vc and 2 companies where Icebreaker Tech has invested before Ice.vc.
- Top Co-investors of Ice.vc: 363 investors entered a company along with Ice.vc. These include investors like Angel List (4 companies).
- Invested after Ice.vc: A total of 369 investors have invested in Ice.vc's portfolio after their investments. Top Investors include Wellfound (2 companies), LetsVenture (2 companies) and Angel List (2 companies).
Recent News related to Ice.vc
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Hostel chain The Hosteller raises ₹48 crore in Series-A fundingBusiness Line•Nov 07, 2024•The Hosteller, V3 Ventures, Synergy Capital Partners, Icebreaker and 10 others
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Dorje Teas raises seed funding from Coast Fund VC, Untitled Ventures, and othersEntrackr•Oct 12, 2024•Dorje Teas, Coast Fund, Untitled Ventures, Icebreaker and 2 others
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The Hosteller Gears Up for Major Expansion with $4 Mn Series A Funding Round Led by V3 VenturesLAFFAZ•Sep 13, 2024•The Hosteller, V3 Ventures, Fao Ventures, Synergy Capital Partners and 3 others
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GameEon Raises $1 Mn Funding Round from SucSEED Indovation Fund and OtherViestories•Sep 12, 2024•GameEon, Nexus Global Opportunities Fund, Equisearch, ICE Chain Capital and 4 others
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The Hosteller Secures $4 Mn Series A Funding Round from V Cube VenturesViestories•Sep 04, 2024•The Hosteller, LetsVenture, Merlin Marketing, Angel List and 7 others
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Data-Driven Platform Done Deal Secures $800,000 in Pre-Seed FundingStartup Story•Oct 17, 2023•Gruhas, Raiser’s Edge, Blackbaud, Wells Fargo and 4 others
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Done Deal has secured INR 6.65 Cr in a pre-seed funding round led by Nikhil Kamath and Abhijeet Pai’s investment firm Gruhas.Enablers•Oct 17, 2023•Done Deal, Gruhas, Dezerv, Icebreaker and 4 others
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Arkam Ventures leads $3.5 Mn Series A in CusmatEntrackr•Feb 07, 2023•Arkam Ventures, CUSMAT, Unitus, Better Capital and 9 others
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Zfw Dark Stores Raises $1.2 Million In Seed RoundLivemint•May 23, 2022•Zippee, RiSo Capital, Seafund, Lead Ventures and 5 others
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Social gaming app Tamasha raises $3M led by Chiratae VenturesYourStory•Oct 20, 2021•Tamasha, Chiratae Ventures, Incubate Fund India, 9Unicorns and 5 others
