
Chrysalix Venture Capital
Description
Chrysalix Venture Capital, based in Vancouver, Canada, is a long-standing venture capital firm specializing in industrial innovation. Established in 2001, the firm has built a reputation for investing in early-stage companies that are transforming traditional industries through technological advancements. Their core investment thesis revolves around enabling a more sustainable and efficient future across sectors such as advanced materials, manufacturing, energy transition, and resource efficiency.
Chrysalix primarily targets Seed to Series B stage companies, providing capital and strategic support to help them scale their disruptive technologies. They look for ventures that offer solutions to complex industrial challenges, often involving deep tech, AI, robotics, and new energy systems. The firm emphasizes a hands-on approach, leveraging its extensive network and industry expertise to guide portfolio companies through commercialization and growth.
Chrysalix has successfully raised multiple funds, demonstrating continued investor confidence in their specialized approach. For instance, their most recent fund, Chrysalix Venture Capital Fund VI, closed in 2023 with $135 million in commitments, following Fund V which closed at $130 million in 2019. These funds enable them to deploy significant capital into promising industrial tech startups. Their investments aim to foster innovation that not only generates financial returns but also contributes to global sustainability goals, positioning them as a key player in the industrial technology venture landscape.
Investor Profile
Chrysalix Venture Capital has backed more than 67 startups, with 4 new investments in the last 12 months alone. The firm has led 9 rounds, about 13% of its total and boasts 13 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series Unknown, Series A rounds (top funding stages).
- Majority of deals are located in United States, Canada, Norway.
- Strong thematic focus on Energy, Renewable Energy, Manufacturing.
- Typical check size: $1M – $7M.
Stage Focus
- Series B (28%)
- Series Unknown (22%)
- Series A (18%)
- Series C (15%)
- Series D (9%)
- Seed (4%)
- Series E (1%)
- Convertible Note (1%)
Country Focus
- United States (55%)
- Canada (36%)
- Norway (3%)
- United Kingdom (3%)
- Iceland (1%)
- The Netherlands (1%)
Industry Focus
- Energy
- Renewable Energy
- Manufacturing
- Cleantech
- Clean Energy
- Semiconductor
- Information Technology
- Analytics
- Solar
- Electronics
Frequently Asked Questions
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