Rice Investment Group

Rice Investment Group is a $200mm multi-strategy fund investing in all verticals of the oil and gas sector with a focus on partnering where our operational, technical, and strategic experience add value. Led by the former Rice Energy management team, the RIG team has a highly complementary and diverse skill-set. ​ RIG seeks to invest between $1mm - $40mm across the capital stack in the upstream, midstream, oilfield services, and energy technology sectors. RIG can invest passively alongside an existing sponsor-management team or actively as lead financial sponsor.

Daniel Rice

Co-Founder, CEO and Partner

Derek Rice

Partner

J Derham

Partner

8 past transactions

Cold Bore Technology

Venture Round in 2021
Cold Bore Technology is a data acquisition service, specializing in digital downhole acoustic monitoring, the digitization of the surface frac spread, and digital adjacent well monitoring. It provides a digital twin visible on handheld devices on location and real-time access to frac data back at the headquarters. The company was founded in 2013 and is headquartered in Calgary, Alberta.

Persefoni AI

Series A in 2021
Persefoni is a Climate Management & Accounting Platform (CMAP). The company's Software-as-a-Service solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements with the highest degrees of trust, transparency, and ease. As the ERP of Carbon, the Persefoni platform provides users with a single source of carbon truth across their organization, enabling them to manage their carbon transactions and inventory with the same rigor and confidence as their financial transactions.

Umbrage

Seed Round in 2021
Umbrage is a digital craft studio focused on designing, developing, and delivering. Umbrage collaborates with its customers to deliver and scale solutions to complex business problems. The company has delivered and scaled customized software solutions to a variety of blue-collar industries, owing to its deep technical expertise and desire to integrate with its clients.

Persefoni AI

Seed Round in 2020
Persefoni is a Climate Management & Accounting Platform (CMAP). The company's Software-as-a-Service solutions enable enterprises and financial institutions to meet stakeholder and regulatory climate disclosure requirements with the highest degrees of trust, transparency, and ease. As the ERP of Carbon, the Persefoni platform provides users with a single source of carbon truth across their organization, enabling them to manage their carbon transactions and inventory with the same rigor and confidence as their financial transactions.

Cold Bore Technology

Series B in 2019
Cold Bore Technology is a data acquisition service, specializing in digital downhole acoustic monitoring, the digitization of the surface frac spread, and digital adjacent well monitoring. It provides a digital twin visible on handheld devices on location and real-time access to frac data back at the headquarters. The company was founded in 2013 and is headquartered in Calgary, Alberta.

OAG Analytics

Corporate Round in 2019
OAG Analytics is a developer of a predictive analytics platform focusing on providing advanced analytics to upstream energy operators. The company's software enables subsurface engineers and scientists to rapidly add AI to their workflows, automating time-consuming tasks, and identifying new complex correlations that lead to cost savings and production uplift. Its platform leverages AI to offer insights about pre-drill production, development strategies, acquisitions, divestitures, forecasting, and reserve reports that allow geoscientists to significantly reduce the time they spend on wrangling and create more time for analysis and decision making. OAG Analytics was established in 2013 and is headquartered in Houston, Texas.

Cold Bore Technology

Series A in 2018
Cold Bore Technology is a data acquisition service, specializing in digital downhole acoustic monitoring, the digitization of the surface frac spread, and digital adjacent well monitoring. It provides a digital twin visible on handheld devices on location and real-time access to frac data back at the headquarters. The company was founded in 2013 and is headquartered in Calgary, Alberta.

Kelvin

Series A in 2016
Kelvin is a next generation industrial automation software for collaborative control
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