Chrysalix RoboValley Fund launches with $155 mln target
Chrysalix Venture Capital, a Canadian industrial innovation venture capital firm, announced the first close of its latest fund vehicle, Chrysalix RoboValley Fund. The fund, which has a target of about $155 million (US$120 million) has so far signed on a range of investors, including Teck Resources Ltd, Mistletoe Venture Partners International, Petronas, Severstal, Delft University of Technology, Mitsubishi Corp and Golden Properties. It will invest in early-stage companies that are developing technologies in intelligent systems and resource productivity solutions for industries such as energy, mining, mobility, chemicals and materials. Vancouver-based Chrysalix is led by Managing Partners Fred van Beuningen, Richard MacKellar and Wal van Lierop.
