Companies · Investment Vehicle

Grove Carbon Fund I LP

BROOKLYN · Investment Vehicle · refined from filed group “Other Energy

Diligence memoA one-page analyst read on Grove Carbon Fund I LP — recommendation, valuation, rhythm, risks.
$45.3M
Total raised · real
1
Rounds
2.4×
Latest step-up
Top 11%
Sector rank · raised
Series C
Latest stage · inferred · Wed Aug 16 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Grove Carbon Fund I LP has raised $45M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Grove Carbon Fund I LP behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
2.9 yr record
Peak capital year was 2023 with $64.4M across 2 filings.
Market position
ahead of 90% of Investment Vehicle peers
Capital scale is ahead of 90% of Investment Vehicle peers; modeled value is above 90% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2023: $64.4M across 2 filings.
  • Largest single filing was $45.3M on 2023-08-16.
  • Filing rows sum to $64.4M, while canonical raised total is $45.3M; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Investment Vehicle

Grove Carbon Fund I LP is one of 1793 Investment Vehicle companies tracked from BROOKLYN. By capital raised it ranks among the largest (ahead of 90% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
28
Investors (latest)
2023
Year incorporated
2023-08-16
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MSeries B · 2023-08-16 Raised $19M (real) Modeled valuation $147M (est)$19M$147MSeries B2023Series C · 2023-08-16 Raised $45M (real) Modeled valuation $417M (est)$45M$417MSeries C2023+$45MCumulative $64M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$19.1M · 2023
Series C$45.3M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 40%.

Modeled valuation trajectory
$417.1M
Base estimate est.
$175.0M
Conservative case
$715.1M
Upside case
$301.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series B · modeled $147.2M · 2023-08-162023Series C · modeled $417.1M · 2023-08-162023
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.22×/yr
Annual markup
1.40×/yr upside case
2.9 yr
Elapsed time used
2.9 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
2.9 yr
On record since
2023
First round
2
Rounds on file
How it compares to the market

Benchmarked against 1793 companies in Investment Vehicle. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 14× above median
This company$45.3M
Sector median$3.2M
Latest round — vs other Series C rounds in sector (real $, this stage) 0.9× of median
This company$45.3M
Sector median$50.0M
Modeled value — vs sector median (estimate, all stages) 17× above median
This company$417.1M
Sector median$25.2M

Raised more than 90% of sector peers (real $). Modeled value above 90% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$19.1M2023-08-16$106.4M$147.2M90%
Series C$45.3M2023-08-16$301.7M$417.1M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$19.1M2023-08-16
    • First recorded raise — entered as Series B.
    • 7 investors on this round.
  2. Series C$45.3M2023-08-16
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 2.4× larger than the prior — scaling up.
    • 28 investors on this round.
Intelligence
Modeled next raise
$107.0M
Modeled next size est.range $69.5M$171.2M
2.4×
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
James O'Connell1 other2023-08
Mark Gruetzmacher2023-08
Registry & provenance

Grove Carbon Fund I LP is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1990701
SEC CIK
2023
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Medical Nutrition Innovation, Inc.BiotechnologySeed$1.3M$55.5Mnetwork1 shared operator
Frequently asked
How much funding has Grove Carbon Fund I LP raised?
Grove Carbon Fund I LP has raised approximately $45.3M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Grove Carbon Fund I LP's estimated valuation?
Provath's modeled valuation for Grove Carbon Fund I LP is approximately $417.1M (modeled range $175.0M–$715.1M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Grove Carbon Fund I LP at?
Grove Carbon Fund I LP's latest modeled financing stage is Series C. Its most recent recorded round closed around Wed Aug 16.
What does Grove Carbon Fund I LP do and where is it based?
Grove Carbon Fund I LP operates in the Investment Vehicle sector, based in BROOKLYN.
Explore related

See where Grove Carbon Fund I LP sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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