About Carnrite Group
Carnrite Group is a venture capital firm founded in 1991. It is primarily based out of Houston, United States. As of Feb 2021, Carnrite Group has invested in 12 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from HealthTech to Enterprise Applications and Aerospace, Maritime and Defense Tech. Most recently it participated in the $***** Seed round of Nest Collaborative Overall, Carnrite Group portfolio has seen 2 acquisitions, namely Margaritaville and WaterFleet. A lot of funds co-invest with Carnrite Group, with names like Rice Investment Group sharing a substantial percentage of its portfolio. Carnrite Group has team of 5 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Carnrite Group's List of Top Investments
Carnrite Group has a portfolio of 12 companies. Their most notable investments include Persefoni and Margaritaville.Their portfolio spans across United States and Mexico. They have invested in HealthTech, Enterprise Applications, Aerospace, Maritime and Defense Tech and 9 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Carnrite Group:1. Persefoni
Provider of carbon accounting and sustainability management platform for businesses. The platform offers tools for carbon footprint measurement, analytics, and sustainability reporting. It supports regulatory emissions reporting, stakeholder emissions reporting, and decarbonization management. The platform also provides features for scope 3 supplier engagement and financed emissions accounting. It includes AI-powered capabilities for anomaly detection and emission factor mapping.
Key facts about Persefoni
- Founded Year: 2020
- Location: Mesa (United States)
- Stage: Series C
- Total Funding till date: $198M
- Employee Count: 118 as on Mar 31, 2026
- Investors: NGP Energy Technology Partners, The Rise Fund and 16 Others
- Latest Funding Round: Series C, Apr 23, 2026, $*****
- Highlight: Editors' Pick
Operator of resorts, restaurants, and retail outlets under a branded umbrella. It offers all-inclusive resort stays, dining experiences at various locations, and the sale of branded merchandise. The company also provides a loyalty program for repeat customers. The business model centers on creating a consistent brand experience across multiple hospitality and retail touchpoints. Cottages are offered as a premium accommodation option within the resorts.
Key facts about Margaritaville
- Founded Year: 1977
- Location: Orlando (United States)
- Stage: Acquired
- Employee Count: 2,354 as on Mar 31, 2026
- Investors: Brookside Equity Partners, The Raine Group and 4 Others
- Latest Funding Round: Series C, Apr 13, 2022, $*****
- Highlight: Acquired
Provider of virtual breastfeeding consultation platform for mothers. The platform provides online video consultations to guide mothers through the breastfeeding process. Users can book appointments for the consultation using the platform. Also, information and guidelines on breastfeeding are provided for women.
Key facts about Nest Collaborative
- Founded Year: 2017
- Location: Baltimore (United States)
- Stage: Series A
- Total Funding till date: $10M
- Employee Count: 24 as on Mar 31, 2026
- Investors: Wavemaker 360, Carnrite Ventures and 7 Others
- Latest Funding Round: Series A, Jan 18, 2024, $*****
- Highlight: Editors' Pick
4. WaterFleet
WaterFleet provides on-site potable water and wastewater treatment services. Offers Water Rig, a mobile potable water solution which generates up to 6000 GPD water and suitable for remote locations. Reclaimer rig,a wastewater processing solution removes hazardous materials from on-site septic water storage & has a processing capacity of 3000 gallons per day. Also offers trailer-mounted potable water and wastewater collection solution.
Key facts about WaterFleet
- Founded Year: 2014
- Location: San Antonio (United States)
- Stage: Acquired
- Employee Count: 106 as on Mar 31, 2026
- Investors: Ardian, Carnrite Ventures and 2 Others
- Latest Funding Round: Series A, Nov 29, 2017, $*****
- Highlight: Acquired
5. Polyport
PolyPort provides a platform for 3D asset protection. The platform provides full control over the asset and enables the user to share/ revoke access to the asset. It also includes built-in kernel level protection to ensure a secure liability structure.
Key facts about Polyport
- Founded Year: 2016
- Location: Denver (United States)
- Stage: Seed
- Total Funding till date: $885K
- Employee Count: 18 as on Mar 31, 2026
- Investors: Carnrite Group, Texas Halo Fund and 3 Others
- Latest Funding Round: Seed, Oct 09, 2018, $*****
Carnrite Group's Year-on-Year Investment Trends
Its most recent first time investment was in Nest Collaborative.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
Carnrite Group's Investments by Stage
Carnrite Group has made 2 investments in Seed stage with an average round size of $2.8M and 1 investment in Series A stage.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Series A | 1 |
Note: We have considered here, only first round of investments
Carnrite Group's Investments by Sector
Carnrite Group has a diverse portfolio, with companies operating in the Sustainability Tech, Enterprise Applications, Environment Tech, FinTech and HealthTech. Notably, it has invested in 8 Enterprise (B2B) companies, 7 Tech companies, 4 Consumer (B2C) companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Sustainability Tech | 2 |
Enterprise Applications | 1 |
Environment Tech | 1 |
FinTech | 1 |
HealthTech | 1 |
Note: We have considered here, only first round of investments
Carnrite Group's Investments by Geography
Carnrite Group has made most investments in United States (3).Carnrite Group's recent investments
Carnrite Group has not made any investment in 2026 so far.Here are the most recent investments by Carnrite Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 17, 2021 | United States | Seed | 4674 | [+5] | |
Aug 18, 2020 | United States | Seed | 9245 | ||
Jun 18, 2018 | United States | Series A | 4900 | - |
Acquired companies in Carnrite Group's Portfolio
2 companies from Carnrite Group's portfolio have been acquired. The most recent acquisition was WaterFleet in Nov 2017 by EagleTree Capital for $*****.Here are Carnrite Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 30, 2017 | - | - | 1296 | |
Jan 01, 2012 | - | - | 3060 |
Team profile of Carnrite Group
Carnrite Group has a team of 5 members including 5 Partners located in United States and United Arab Emirates. Carnrite Group's team does not sit on the board of any company as of now.Here is a list of all team members in Carnrite Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Houston | - | ||
Partner | Houston | - | ||
Partner | Houston | - | ||
Partner | Houston | - | ||
Partner | United Arab Emirates | - |
Co-investors of Carnrite Group
Over the past 8 years, 23 investors have co-invested in Carnrite Group's portfolio companies. This includes funds and angels.
- Top Co-investors of Carnrite Group: 8 investors entered a company along with Carnrite Group. These include investors like Rice Investment Group (1 company).
- Invested after Carnrite Group: A total of 15 investors have invested in Carnrite Group's portfolio after their investments. Top Investors include NGP Energy Technology Partners (1 company), Sallyport Investments (1 company) and The Rise Fund (1 company).
Recent News related to Carnrite Group
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The Carnrite Group Joins Alvarez & MarsalBusiness Wire•Nov 08, 2022•Carnrite Group, Alvarez & Marsal Holdings
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The Carnrite Group Opens Another International Office – This time in the UAEGlobeNewswire•Jul 22, 2021•Carnrite Group
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Nest Collaborative Closes $2.1M Seed Funding RoundFinSMEs•Feb 18, 2021•Nest Collaborative, Altitude Ventures, Bread and Butter Ventures, Wavemaker 360 and 4 others
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Carnrite Group set to expand hedge fund and private equity engagements with appointment of Senior DirectorPrivate Equity Wire•Dec 16, 2019•Carnrite Group, Jefferies
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