The Company
Frost River Capital is the holding entity for a family's operating businesses and long-term investments. Its interests span operating businesses, real estate, and early-stage technology.
The company is privately funded and holds no outside capital. It was formed to own things for a long time, and it is managed on a horizon measured in decades rather than in cycles.
Founder
Rob Carpenter
Founder
Rob Carpenter has spent eighteen years building and running companies. He founded AppIt Ventures in 2012 and grew it to forty employees across three countries, delivering more than 330 software applications, among them the State of Colorado's digital driver's license, and completing two international acquisitions before selling his stake.
In 2017 he founded Valyant AI, a conversational speech company serving national restaurant operators. He raised $18 million, built the engineering and data organizations, and holds five United States patents from the work. His work there was covered by The New York Times, The Washington Post, CNN, the BBC, and Fox Business. The company was acquired by ConverseNow in 2024.
He holds an MBA in enterprise technology management from the University of Colorado and a degree in entrepreneurship from Northern Michigan University. The holding company's interests range from software, artificial intelligence, and robotics to durable operating businesses generally.
Contact
Boulder, Colorado