Chrysalix Venture Capital, a Vancouver, BC, Canada- and Delft, The Netherlands-based venture capital firm, announced the first close of its new $120m fund.
Investors in the Chrysalix RoboValley Fund, the firm’s second vehicle focused on industrial innovation for resource intensive industries, included Fortune 500 companies, leading corporates, financial institutions, family offices and universities such as Teck Resources Limited, Mistletoe Venture Partners International, PETRONAS, Severstal, Delft University of Technology, Mitsubishi Corporation, Golden Properties and an undisclosed mobility corporate.
The fund will invest in early-stage companies across the globe that are developing in Industry 4.0 intelligent systems and resource productivity solutions for industries such as:
– energy,
– mining,
– mobility,
– chemicals, and
– materials.
The vehicle will invest in innovations that will drive the energy transition and can be enhanced by the application of intelligent systems such as:
– AI,
– data analytics,
– sensors & components,
– IoT,
– robotic systems, and
– blockchain.
The new fund has industry clusters forming, particularly around oil and gas, mining and metals, utilities and electric power, chemicals and advanced materials, and manufacturing.
The Chrysalix – led by by Richard MacKellar, Managing Partner, and Fred van Beuningen, Managing Partner – is supported by an expanded presence in Europe, as well as an academic network and start-up ecosystems.
The team also includes:
– Wal Van Lierop, Founder and Managing Partner,
– Charles Haythornthwaite, Senior Partner,
– Alfred Lam, Vice President based in Vancouver,
– Wendy Leong, Vice President of Finance, and
– Daniele Molteni, Associate.
FinSMEs
12/10/2018