Chrysalis Ventures

Chrysalis Ventures was a prominent venture capital firm headquartered in Louisville, Kentucky, established in 1993. The firm distinguished itself by focusing on early to growth-stage companies primarily located in the traditionally "under-ventured" Midwest and Southern regions of the United States. Its strategic geographic focus aimed to tap into promising startups outside the more saturated coastal venture ecosystems, providing crucial equity capital to emerging businesses in these areas.

During its active investment period, Chrysalis Ventures deployed significant capital across a diverse range of sectors, including healthcare, technology, media, and business services. The firm was known for its flexible investment approach, typically providing initial equity checks ranging from $2 million to $15 million. These initial investments were often followed by additional capital infusions, with total commitments to a single portfolio company potentially reaching up to $20 million over its lifecycle. This strategy allowed Chrysalis to support companies through various growth phases, from initial product development to market expansion.

Over its operational history, Chrysalis Ventures managed an impressive portfolio, overseeing more than $750 million in capital across multiple funds. Its final fund, Chrysalis Ventures V, closed in 2008 with $150 million. However, the firm ceased making new investments around 2014-2015. As of recent information, Chrysalis Ventures is no longer actively investing in new companies, with its official website also appearing inactive. The firm is now primarily focused on managing its existing portfolio and facilitating exits for its remaining investments.