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Rice Investment Group

102 East Main Street, Second Story, Carnegie, PA, 15106, United States

Overview

Multi-strategy fund investing in oil and gas sector verticals.

Founded

2018

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Seed
Series C

Geographic focus

Canada
United States

Sector focus

—

Investment portfolio

11rounds
NAMEDATESIZE
EnerPure
Aug 2026Led
$48 MOther Equity
Persefoni AI
Mar 2025Participated
$23 MSeries C
Infinitum
Jul 2024Led
$35 MSeries E
Montana Technologies
Feb 2024Led
$10 MOther Equity
Talus Renewables
Nov 2023Participated
$22 MSeries A
Persefoni AI
Aug 2023Participated
$50 MSeries C
Cold Bore Technology
Jul 2021Participated
$14 MOther Equity
Persefoni AI
Apr 2021Led
$10 MOther Equity
Umbrage
Mar 2021Led
$2 MSeed
Persefoni AI
Aug 2020Led
$4 MSeed
OAG Analytics
Apr 2019Led
$9 MOther Equity
EnerPure
Aug 2026Led
$48 MOther Equity
Persefoni AI
Mar 2025Participated
$23 MSeries C
Infinitum
Jul 2024Led
$35 MSeries E
Montana Technologies
Feb 2024Led
$10 MOther Equity
Talus Renewables
Nov 2023Participated
$22 MSeries A
Persefoni AI
Aug 2023Participated
$50 MSeries C
Cold Bore Technology
Jul 2021Participated
$14 MOther Equity
Persefoni AI
Apr 2021Led
$10 MOther Equity
Umbrage
Mar 2021Led
$2 MSeed
Persefoni AI
Aug 2020Led
$4 MSeed
OAG Analytics
Apr 2019Led
$9 MOther Equity
11
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

Rice Investment Group: 11 funding rounds are recorded in the selected participation categories.All available history.
Rice Investment Group: 11 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed20
Series A01
Series C+12
Other Equity41

Monthly Deal Activity

Rice Investment Group: 11 deals are recorded across 91 months.All available history.
Rice Investment Group: 11 deals are recorded across 91 months. All available history
MonthDeals
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '201
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '211
Apr '211
May '210
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '231
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '260
Oct '260

Sector Breakdown

Rice Investment Group: Clean Energy & Sustainability is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Rice Investment Group: Clean Energy & Sustainability is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Clean Energy & Sustainability10
Data, Analytics & IT6
Enterprise Software5
Transportation & Logistics2
Networks, Cloud & Communication1
Manufacturing1
AI & Machine Learning1
Professional Services1
Real Estate & Construction1
Space & Frontier Tech1
Developer Tools1

Deal Size Distribution

Rice Investment Group: 11 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Rice Investment Group: 11 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M2
$10M-$25M4
$25M-$50M2
$50M-$100M1
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Rice Investment Group: United States has the largest recorded deal count among the displayed regions (9 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Rice Investment Group: United States has the largest recorded deal count among the displayed regions (9 deals). All available history
RegionDeals
United States9
Canada2
Rice Investment Group: 17 co-investors are shown, with NGP Energy Technology Partners sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Rice Investment Group: 17 co-investors are shown, with NGP Energy Technology Partners sharing 3 recorded deals. All available history
Co-investorShared deals
NGP Energy Technology Partners3
Carnrite Ventures2
Clearvision Ventures2
Prelude Ventures2
The Rise Fund2
Bain & Company1
BP Ventures1
Canada Growth Fund1
Canadian Business Growth Fund1
Cavallo Ventures1
EDF North America Ventures1
ENEOS Innovation Partners1
Marunouchi Innovation Partners1
Material Impact1
Parkway Venture Capital1
Sallyport Investments1
Xora Innovation1

Investment Strategy

Rice Investment Group: Led accounts for 64% and participating for 36% of round participation.All available history.
Rice Investment Group: Led accounts for 64% and participating for 36% of round participation. All available history
CategoryDeals (count)Share (%)
Led764%
Participating436%
Rice Investment Group: Single-lead accounts for 86% and co-led for 14% of lead dynamics.All available history.
Rice Investment Group: Single-lead accounts for 86% and co-led for 14% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead686%
Co-led114%

Team

Danny Rice

Co-Founder,CEO and Partner

Derek Rice

Partner