# Carnelian Asset Management

> Carnelian Asset Management is a VC fund backing Medical, Industrial and Health Care. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Jan 2026
- Lead investor: 50%
- Last updated: Aug 2026

Carnelian Asset Management is an investment firm.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Medical | 1 | 50% |
| Industrial | 1 | 50% |
| Health Care | 1 | 50% |
| Manufacturing | 1 | 50% |
| Health Diagnostics | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 1 | 50% |
| Post-IPO Equity | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| FutureCure Health | FutureCure Health harnesses emerging technologies to diagnose and treat patients with chronic diseases like dizziness, migraine, tinnitus, and others. | $11.5M | Series B | Jan 05, 2026 |  |
| Man Industries | Man Industries manufactures large-diameter carbon steel pipes, provides infrastructure, and engages in trading. They supply steel line pipes for high- and medium-pressure applications in oil, gas, petrochemical, and water transportation; anti-corrosion coating systems, and aluminium extrusion products. | $29.4M | Post-IPO Equity | Jul 28, 2025 |  |

2 of 2 investments shown.

## Co-investors
- Ashika Group — VC Fund, 1 deal together
- [Capri Global Capital](https://shizune.co/investors/profile/capri-global-capital) — VC Fund, 1 deal together
- Ovata Capital — VC Fund, 1 deal together
- RBA Finance — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Carnelian Asset Management invest in?

Carnelian Asset Management invests primarily in Medical, Industrial and Health Care startups, most often at Series B and Post-IPO Equity stage. Most of the 2 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Carnelian Asset Management last invest?

The most recent investment recorded for Carnelian Asset Management closed in Jan 2026. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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