Rice Investment Group
Family officeCarnegie · Seed–Late Stage · 8 people tracked
Investment thesis
RIG is a multi-strategy fund investing in sector-defining energy companies, drawing on the Rice family's operating experience building Rice Energy and Rice Midstream in the Appalachian Basin natural gas sector. It invests across all verticals of the energy ecosystem, targeting situations where its technical, operational, and strategic expertise can create shareholder value. The team has led early-stage investments (e.g., seed funding in Archaea Energy) and sponsored three SPACs, including Rice Acquisition Corp I (Archaea/Aria, sold to bp), Rice Acquisition Corp II (NET Power), and Rice Acquisition Corp III. Team members often take operating roles at portfolio companies to drive value creation.
Source: firm website, verified Aug 3, 2026.
Team · 8 people
from the firm's website
What they invest in
from 17 of 21 portfolio companiesEnergy ×12Enterprise Software ×6Cleantech ×5Data & Infrastructure ×4SaaS ×4AI & Machine Learning ×3Climate Tech ×3New Materials ×2
HQs:United States×10United Kingdom×1
Investments · 21 tracked
founders shown can be your intro pathNet Power develops clean firm power generation that uses natural gas combined with carbon capture, based on the Allam Cycle (a direct-fired supercritical CO2 cycle).
CleantechClimate TechEnergyDurham, US
Danny Rice(President & Chief Executive Officer)Marc Horstman(President & Chief Operating Officer)Lee Shuman(Chief Financial Officer)Ron Rucker(General Counsel)Bruce Jenkins(Chief of Staff)Amy Keyser(Chief Human Resources Officer)
Renewable natural gas platform; RIG led its 2019 seed investment, later acquired by bp for ~$4.1bn.
Renewable natural gas company combined with Archaea Energy via Rice Acquisition Corp.
Austin Elements recovers high-specification battery precursors and critical minerals from spent lithium-ion batteries through recycling processes.
Circular EconomyCleantechNew MaterialsHouston, US
Dr. Jacob Jin(CEO, Founder, Director)in
Iron Oak Energy is a proppant and solutions provider supplying frac sand and resin-coated proppants to oil and gas operators in North American shale plays.
EnergyNew MaterialsBlackmountain, US
Cloverleaf Infrastructure develops large-scale clean energy and data infrastructure projects.
Data & InfrastructureEnergy
Brian Janous
Cold Bore Technology builds digital completions data software for oil and gas well completion operations, including SmartPAD (a digital twin providing a standardized real-time dataset), IntelliSONIC (high-frequency pressure and acoustic monitoring), and OffsetWELLS (real-time FDI monitoring).
Data & InfrastructureEnergySaaSCalgary
Brett Chell(Director)ALEX FORTIN(Chief Technology Officer)SHANE CASSELL(Chief Revenue Officer)BLAIR LAYTON(Interim Chief Executive Officer and Chief Financial Officer)Cameron Brett Chell(Director)
BoardJAMIE LEARMOUTH(Director)
Co-investorsCanadian Business Growth Fund
ComboCurve provides technical forecasting and economic modeling software for the energy industry.
EnergyEnterprise SoftwareSaaSHouston, US
Armand Paradis(CEO and Co-Founder)
Co-investorsBessemer Venture PartnersDragoneer Investment Group
Endurance Investment Partners is an energy and infrastructure investment platform that provides strategic liquidity solutions for private assets.
EnergyEnterprise SoftwareDallas, US
Infinitum Motors manufactures energy-efficient motors for data center cooling infrastructure, focusing on sustainability metrics beyond traditional PUE and WUE measurements.
CleantechData & InfrastructureEnterprise Software
Co-investorsMarunouchi Innovation PartnersGalvanize Climate Solutions
Kelvin provides a platform for building autonomous control applications that integrate machine learning models with industrial edge equipment.
AI & Machine LearningEnterprise SoftwareIoT
Co-investorsClimate InvestmentGraph VenturesRoyal Street Ventures Management Company, Llc
Overview Energy develops space-based solar power systems that beam energy from space to Earth, drawing on expertise in aerospace, energy systems, and manufacturing.
CleantechEnergySpace TechCovina, US
Andrew Cantino(Executive Officer, Director)Marc Berte(Executive Officer, Director)Abdullah Al-ShakarchiDr. Paul JaffeDr. Patrick MockHannah MacKay
Co-investorsAngel Collective Opportunity FundAurelia FoundryColle Capital PartnersJetstreamPrime Movers LabSpacecadet Ventures+2 more
Persefoni provides carbon accounting and climate training tools for portfolio company engagement.
AI & Machine LearningClimate TechEnterprise SoftwareFintechSaaSMesa, US
Kentaro Kawamori(Executive Officer, Director)Jason Frederick Offerman(Executive Officer, Director)
BoardGreg Lyons(Director)Daniel Ahn(Director)inAudrey Constant(Director)Daniel Rice IV(Director)
Co-investorsCarnrite VenturesEnergize CapitalParkway Venture CapitalPrelude VenturesClearvision Ventures
Piñon Resources LLC develops oil and gas production opportunities in the Permian Basin.
EnergyMidland, US
Simpliciti builds custom software applications tailored to a company's specific workflows, roles, and rules, using a platform with pre-built capabilities like document reading, data extraction, compliance checks, and approval routing.
AI & Machine LearningEnterprise SoftwareSaaS
Co-investorsCarnrite Ventures
Tejas Production Services designs, fabricates, and services production and process equipment for upstream and midstream oil and gas operators.
Advanced ManufacturingEnergyHardwareGulf Coast, US
Trinity Gas Storage operates natural gas storage reservoirs in Northeast Texas, serving customers requiring reliable storage solutions.
EnergyNE Texas, US
Exits · 2
IPOs and acquisitions across the tracked portfolioNET PowerNYSE: NPWRArchaea Energyacq. by bp
Portfolio news
latest coverage across their companies
Overview Energy · heatmap.news · Dec 10, 2025
Frequently asked questions
- How many investments has Rice Investment Group made?
- Rice Investment Group has 21 tracked investments, 1 of which have exited via acquisition or IPO.
- What stage does Rice Investment Group invest at?
- Rice Investment Group invests at the Seed, Late Stage stages.
- What sectors does Rice Investment Group focus on?
- Rice Investment Group focuses on Cleantech, Climate Tech, Energy.
- Where is Rice Investment Group located?
- Rice Investment Group is headquartered in Carnegie, US.
- Who does Rice Investment Group co-invest with?
- Rice Investment Group most often shares deals with Carnrite Ventures, Bessemer Venture Partners, Graph Ventures, among 19 tracked co-investors.
Images
Similar investors
Amadeus Capital Partners is a technology investment firm that backs founders building complex, science-led and deep tech businesses, supporting them over the long term as they scale internationally.
.jpeg){kind=logo}
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
DCVC (Data Collective) is a deep tech venture capital firm that backs entrepreneurs using computational approaches to solve large-scale real-world problems across many industries.
Jungle Ventures is a venture capital firm focused on India and Southeast Asia that has adopted a climate strategy to build a resilient portfolio addressing climate-related risks and opportunities.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.