Chrysalix Venture Capital
Chrysalix Venture Capital is a Vancouver-based early-stage VC firm founded in 2001 that manages $350M+ across four specialized funds investing in intelligent systems, mining technology, critical minerals, and industrial decarbonization. Its portfolio is sourced through a corporate LP and academic network spanning mining, energy, and OEM partners.
- Company typePrivate
- Founded2001
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Chrysalix Venture Capital does
Chrysalix Venture Capital is a Vancouver-headquartered early-stage venture capital firm founded in 2001 by Wal van Lierop, focused on intelligent systems and decarbonization technologies for resource-intensive industries. The firm manages four specialized fund vehicles — the Industrial Innovation Fund, RoboValley Fund, Chrysalix Energy Fund, and Chrysalix Carbon Neutrality Fund (first close June 2023) — and has raised more than $350M in cumulative capital across its history, participating in over $3.5B of venture funding through portfolio companies. Operations are anchored by a North American headquarters in Vancouver and a European subsidiary, Chrysalix Netherlands B.V., based in Delft, which manages the European carbon-neutrality fund and holds SFDR Article 3/4/5 disclosures.
The firm invests at the seed and Series A stages in mining technology, critical minerals and circular economy, industrial decarbonization, and energy-transition enablers. Portfolio companies include MineSense (real-time shovel-mounted ore sensing), Geopyöra (ore body intelligence with patented breakage testing), Sortera (AI-powered metal recycling sorting), DTE (LP-LIBS molten-metal analysis), Novamera (precision/surgical mining), Liminal Insights (battery intelligence), Svante (carbon capture), General Fusion (fusion energy), Q5D (robotic wiring automation), Helmee Imaging (covered stereo deflectometry for automotive inspection), and GaN Systems (acquired by Infineon in October 2023). Investment sourcing is anchored in a corporate LP ecosystem that includes PETRONAS, Teck Resources, Mitsubishi Corporation, Caterpillar, Hyundai, Hitachi Construction Machinery, South32, and FLSmidth, plus four cornerstone academic partners (TU Delft, Carnegie Mellon, University of Waterloo, NTU Singapore) and a 2022 strategic alliance with EIT Manufacturing.
Revenue is generated through industry-standard fund management fees on committed capital plus carried interest on exits. Deal flow is sourced through direct outreach, an online pitch process, and structured discovery with corporate LPs who surface industry problems. The firm is privately held, has 11–50 employees, and maintains a partner team with prior operating experience at Shell, McKinsey, Emerson, GE, Bain, and Westcoast Energy. The investor base is restricted to qualified institutional and corporate investors.
Chrysalix Venture Capital firmographics
Firmographics- Name
- Chrysalix Venture Capital
- Legal name
- CEMI Services Ltd.
- Website
- http://www.chrysalix.com/
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Chrysalix Venture Capital is a Vancouver-based early-stage VC firm founded in 2001 that manages $350M+ across four specialized funds investing in intelligent systems, mining technology, critical minerals, and industrial decarbonization. Its portfolio is sourced through a corporate LP and academic network spanning mining, energy, and OEM partners.
- Ownership category
- akta.pro rank
Chrysalix Venture Capital industry classification
Industry- Product category
- Venture Capital
- NAICS
- Other Investment Pools and Funds (5259), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Miscellaneous Financial Investment Activities (523999)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
- akta.pro secondary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Chrysalix Venture Capital is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Chrysalix Venture Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Fund Management Fees: Chrysalix generates revenue through management fees charged on committed capital under management. As an early-stage VC firm, fees typically follow industry standard 2% management on committed capital.
- Carried Interest (Carry): The firm earns carried interest on returns from successful portfolio exits. Chrysalix has helped raise more than $350M and participated in more than $3.5B in venture capital funding through its portfolio companies.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Chrysalix Venture Capital product offering
Product offeringCore offering
Chrysalix Venture Capital is an early-stage venture capital firm that invests in industrial innovation companies developing intelligent systems and decarbonization technologies for resource-intensive industries. The firm manages multiple specialized funds providing seed and Series A equity capital to startups in mining technology, metals recycling, power semiconductors, fusion energy, carbon capture, and battery intelligence, while connecting portfolio companies to a global ecosystem of corporate limited partners for piloting and commercialization.
Product overview
Chrysalix Venture Capital operates as a venture capital firm managing multiple specialized investment funds rather than a traditional product company. The firm offers four distinct investment vehicles: the Industrial Innovation Fund and RoboValley Fund (focused on intelligent systems, AI, and automation for resource-intensive industries), the Chrysalix Energy Fund (targeting clean energy technologies including fusion and carbon capture), and the Chrysalix Carbon Neutrality Fund (supporting decarbonization strategies). The funds collectively invest in portfolio companies across mining technology, industrial AI, metals recycling, battery technology, power semiconductors, and carbon capture solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Industrial Innovation Fund: Fund focused on industrial innovation investments
- RoboValley Fund
- Chrysalix Energy Fund
- Chrysalix Carbon Neutrality Fund
Products and services
- Industrial Innovation Fund A venture capital fund that invests in early-stage industrial innovation companies focused on resource-intensive industries and decarbonization solutions, targeting seed and Series A investments as first institutional investor.
- RoboValley Fund A global venture capital fund focused on intelligent systems for resource-intensive industries, investing in robotics, AI, and automation technologies for mining, manufacturing, and mobility sectors.
- Chrysalix Energy Fund An energy-focused venture capital fund investing in clean energy technologies including fusion, carbon capture, power semiconductors, and water treatment solutions.
- Chrysalix Carbon Neutrality Fund A fund supporting carbon neutrality strategies and carbon economy opportunities, investing in technologies that help industries achieve net-zero emissions targets. Managed through Chrysalix Netherlands B.V. and the Chrysalix Carbon Neutrality Fund Coöperatief U.A.
Quantifiable outcome
- Over $350M raised for Chrysalix across fund vehicles
- +4 more outcomes
Companies that use Chrysalix Venture Capital
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Chrysalix Venture Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Chrysalix Venture Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered major and core.
- EIT ManufacturingmajorStrategic partnership announced February 2022 with the largest manufacturing innovation consortium in Europe, supporting Chrysalix's industrial innovation strategy.
- Nanyang Technological University (NTU Singapore)coreNewest cornerstone partner in Chrysalix's global academic network as of February 2020, expanding the innovation ecosystem into Asia-Pacific.
- Carnegie Mellon UniversitycoreStrategic partnership announced April 2018 as cornerstone partner in Chrysalix's global academic network. Provides access to robotics and intelligent systems research for portfolio companies.
- TU DelftcoreCornerstone academic partner in Chrysalix's global academic network, providing access to research and innovation in the Netherlands and Europe.
- University of WaterloocoreCornerstone academic partner in Chrysalix's global academic network, contributing Canadian research and startup ecosystem connections.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Chrysalix Venture Capital competitors and assessment
Company assessmentDirect peers
- Breakthrough Energy Ventures: Bill Gates-backed early-stage venture fund investing in climate and industrial decarbonization technologies. Highly comparable as a sector-focused, early-stage cleantech/industrial VC competing for similar founders and LP base.
- Energy Impact Partners: A global VC partnership backed by a coalition of utilities and energy corporates investing across the energy transition. Directly comparable model of corporate-LP-driven deal flow and energy/industrial specialization.
- Prelude Ventures: Early-stage venture firm investing in technology solutions for the energy, transportation, and industrial sectors. Closely aligned thesis on hard-to-abate industrial decarbonization and intelligent systems.
- Congruent Ventures: Early-stage climate tech VC investing across energy, mobility, and industrial decarbonization. Comparable stage focus, sector specialization, and LP base of corporates seeking innovation pipelines.
- DCVC (Data Collective): Deep-tech VC with investments in industrial AI, sensors, robotics, and resource industries. Comparable thesis on applying AI and intelligent systems to mining, energy, and heavy industry.
- Clean Energy Ventures: Seed and early-stage VC focused on decarbonization technologies, with strong overlap in industrial AI, materials, and energy. Comparable fund size and stage profile.
- OGCI Climate Investments: Venture and growth fund backed by an oil & gas major consortium (Shell, BP, TotalEnergies, etc.) investing in decarbonization and industrial technologies. Closely comparable corporate-backed industrial cleantech model.
Broad incumbents
- Khosla Ventures: Large diversified VC with a longstanding cleantech and clean-energy practice. Overlaps with Chrysalix on energy and sustainability investments but operates at materially greater scale across many other verticals.
- BHP Ventures: Corporate venture arm of BHP, one of the world's largest mining companies, investing in mining and resource technologies. Comparable LP/strategic role that overlaps with Chrysalix's mining-tech portfolio.
- Rio Tinto Ventures: Corporate venture arm of Rio Tinto investing in mining technology, automation, and decarbonization. Directly comparable strategic interest in mining-tech and industrial innovation portfolio companies.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Chrysalix Venture Capital social profiles
Digital presenceChrysalix Venture Capital compliance and trust
Trust signalCompliance1 record
Chrysalix Venture Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Chrysalix Venture Capital leadership team
Management profileNumber of profiles
Profiles1 record
Chrysalix Venture Capital subsidiaries and ownership
Company hierarchySubsidiaries2 records
Chrysalix Venture Capital funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Chrysalix Venture Capital M&A and investment
M&A and investmentM&A
Investments112 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Chrysalix Venture Capital
What does Chrysalix Venture Capital do?
Chrysalix Venture Capital is an early-stage venture capital firm that invests in industrial innovation companies developing intelligent systems and decarbonization technologies for resource-intensive industries. The firm manages multiple specialized funds providing seed and Series A equity capital to startups in mining technology, metals recycling, power semiconductors, fusion energy, carbon capture, and battery intelligence, while connecting portfolio companies to a global ecosystem of corporate limited partners for piloting and commercialization.
Is Chrysalix Venture Capital a public or private company?
Chrysalix Venture Capital is a private company. It is classified as management employee owned and is currently operating.
When was Chrysalix Venture Capital founded?
Chrysalix Venture Capital was founded in 2001. It employs 11 to 50 people.
Where is Chrysalix Venture Capital based?
Chrysalix Venture Capital is headquartered in Vancouver, Canada, in the North America region.
How does Chrysalix Venture Capital make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest (Carry).
Who are Chrysalix Venture Capital's main competitors?
Direct peers on record are Breakthrough Energy Ventures, Energy Impact Partners, Prelude Ventures, Congruent Ventures, DCVC (Data Collective), Clean Energy Ventures and OGCI Climate Investments. Broad incumbents are Khosla Ventures, BHP Ventures and Rio Tinto Ventures.
Does Chrysalix Venture Capital have an API?
No public API is recorded for Chrysalix Venture Capital.
What industry is Chrysalix Venture Capital in?
Chrysalix Venture Capital's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 5259 and its SIC code is 6282.