Carnrite Ventures Commits to Invest with Seraph Group, Expanding Its Portfolio while Tapping into Austin's Entrepreneurship Ecosystem

HOUSTON, May 22, 2019 /PRNewswire-PRWeb/ -- Carnrite Ventures is the investment arm of Executive Management consulting firm, The Carnrite Group. They have a variety of investments that are mainly focused in Houston, TX and Florida. With Seraph's last fund focusing on Austin, TX, Carnrite Ventures is able to further expand its portfolio to include the dynamic entrepreneurship opportunities that are happening beyond Houston. As with many other cities, Austin has seen a shortage of available funding for early-stage companies.

Nick Carnrite, Managing Director of The Carnrite Group and Carnrite Ventures, said: "Austin's venture capital funds have moved up-market to series B and C funding rounds, which has created a need for more capital in earlier stages and provides us with an opportunity."

Carnrite Ventures is always looking for ways to expand and diversify their portfolio. Working with groups like Seraph is a great way to continue that expansion.

About The Carnrite Group:
Carnrite Group is a team of oil and gas management consultants based in Houston, TX with ongoing projects worldwide. In recent years, the firm has expanded their consulting services into other industries such as Technology and Private Equity among others. Led by their CEO, Al Carnrite, and highly experienced Managing Directors, The Carnrite Group shares a passion for providing innovative, actionable solutions to complex challenges.

About The Seraph Group:
Seraph Group brings together successful individuals who share a passion for investing in technology startups. Opportunists join Seraph for a managed and curated portfolio of 20+ companies, for the ability to co-invest on a deal-by-deal basis, and for the opportunity to work with entrepreneurs.

SOURCE Carnrite Ventures