Chrysalis Ventures
Chrysalis Ventures is a Louisville, Kentucky-based venture capital firm founded in 1993 that invests equity capital in technology-enabled growth companies across the Midwest and Southeast United States.
- Company typePrivate
- Founded1993
- HeadquartersLouisville, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Chrysalis Ventures does
Chrysalis Ventures is a Louisville, Kentucky-based venture capital firm founded in 1993 by David A. Jones, Jr. The firm provides equity capital and strategic partnership to technology-enabled growth companies in the Midwest and Southeast United States, a region the firm has served for over 25 years. It targets businesses generating at least $1 million in revenue with $1-10 million of EBITDA, across both early-stage and expansion-stage development, with a particular interest in fragmented industries where technology and predictive analytics can enable organic growth and acquisition-led roll-up strategies.
The firm has invested in more than 70 portfolio companies spanning business services, communications, construction, education and corporate training, energy, government services, healthcare, human capital management, logistics, and media and entertainment. Notable historical exits include Appriss (sold to Bain Capital), Advanced Academics (sold to Devry), and Tritel (merged with Telecorp and sold to AT&T Wireless). The investment team is small — four named professionals (Jones as President and Founder, Irv Bailey as Managing Director, Wright Steenrod as Partner, and Charlie Crawford as Vice President) — augmented by support staff to a total of 11-50 employees.
Chrysalis Ventures generates revenue through traditional VC mechanics: management fees on committed capital and carried interest on profitable exits. As a private firm with no public financials, fund size, AUM, and revenue figures are not disclosed. The firm positions itself as a hands-on thought partner to portfolio company management teams, assisting with acquisitions, business development, operations, strategy, and technology application rather than serving purely as a passive capital provider.
Chrysalis Ventures firmographics
Firmographics- Name
- Chrysalis Ventures
- Legal name
- Chrysalis Ventures
- Website
- https://chrysalisventures.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Chrysalis Ventures is a Louisville, Kentucky-based venture capital firm founded in 1993 that invests equity capital in technology-enabled growth companies across the Midwest and Southeast United States.
- Ownership category
- akta.pro rank
Chrysalis Ventures industry classification
Industry- Product category
- Venture Capital
- NAICS
- Management of Companies and Enterprises (55), Management of Companies and Enterprises (55111)
- SIC
- Non-Operating Establishments (9995)
- akta.pro primary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
- akta.pro secondary industry
- Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)
Keywords
Where Chrysalis Ventures is headquartered
LocationHeadquarters
- HQ city
- Louisville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Chrysalis Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Investment Returns and Carried Interest: As a venture capital firm, Chrysalis Ventures generates returns through equity investments in portfolio companies, realizing gains through exits (acquisitions, mergers, IPOs) and ongoing portfolio appreciation. The firm earns carried interest on profitable investments.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Chrysalis Ventures product offering
Product offeringCore offering
Chrysalis Ventures is a private venture capital firm that provides equity capital and active strategic partnership to technology-enabled growth companies in the Midwest and Southeast regions of the United States. The firm invests in companies generating at least $1 million in revenue with $1-10 million of EBITDA, partnering with management teams on organic growth, acquisitions, business development, operations, strategy, and technology application.
Product overview
Chrysalis Ventures is a Louisville, Kentucky-based venture capital firm founded in 1993 by David A. Jones, Jr. The firm is not a product company; it provides private market investment capital and strategic partnership to technology-enabled businesses. Chrysalis Ventures has invested in over 70 technology-enabled businesses across industries including business services, communications, construction, education and corporate training, energy, government services, healthcare, human capital management, logistics, and media and entertainment. The firm seeks companies with $1-10 million of EBITDA and at least $1 million in revenue, focusing on the Midwest and Southeast regions with a particular interest in businesses where technology and predictive analytics can optimize operations and drive growth.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth Equity Investment
- Early-Stage Technology Investment
Companies that use Chrysalis Ventures
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles2 records
Chrysalis Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Chrysalis Ventures partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights3 records
Chrysalis Ventures competitors and assessment
Company assessmentRegional players
- Origin Ventures: Chicago-based early-stage VC investing in technology-enabled businesses in the Midwest. Comparable regional Midwest focus though concentrated at seed stage rather than Chrysalis's growth equity profile.
- Capstar Partners: Nashville-based private investment firm focused on growth-stage companies in the Southeast. Comparable regional concentration and growth-stage focus to Chrysalis.
- Lewis & Clark Ventures: St. Louis-based venture capital firm investing in growth-stage technology companies across the Midwest. Comparable regional focus with overlap in growth-stage tech-enabled investment thesis.
Direct peers
- CincyTech: Cincinnati-based seed and early-stage VC investing across the Midwest in technology-enabled businesses. Comparable to Chrysalis as a regional VC with similar geography and stage focus.
- Hyde Park Venture Partners: Chicago-based early-stage VC firm investing in Midwest technology companies. Comparable regional geography and growth-stage focus to Chrysalis.
- Council Capital: Nashville-based healthcare-focused growth equity firm investing in the Southeast. Comparable to Chrysalis given similar geography and healthcare vertical emphasis.
- Rev1 Ventures: Columbus, Ohio-based startup investment and venture development organization. Comparable regional Midwest VC investing in technology-enabled growth companies.
- Allos Ventures: Cincinnati/Indianapolis-based venture capital firm investing in B2B software and tech-enabled services across the Midwest. Comparable regional focus and growth-stage check sizes.
- Dundee Venture Capital: Early-stage venture capital firm based in Omaha, Nebraska focused on the Midwest. Directly comparable to Chrysalis given similar regional focus, growth-stage check sizes, and multi-sector tech-enabled investment thesis.
Broad incumbents
- Bain Capital Ventures: Venture arm of Bain Capital with multi-stage, multi-sector investments. Acquired Chrysalis portfolio company Appriss, demonstrating their ability to acquire in Chrysalis's regional markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Chrysalis Ventures social profiles
Digital presenceChrysalis Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Chrysalis Ventures leadership team
Management profileNumber of profiles
Profiles4 records
Chrysalis Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Chrysalis Ventures M&A and investment
M&A and investmentM&A
Investments81 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Chrysalis Ventures
What does Chrysalis Ventures do?
Chrysalis Ventures is a private venture capital firm that provides equity capital and active strategic partnership to technology-enabled growth companies in the Midwest and Southeast regions of the United States. The firm invests in companies generating at least $1 million in revenue with $1-10 million of EBITDA, partnering with management teams on organic growth, acquisitions, business development, operations, strategy, and technology application.
Is Chrysalis Ventures a public or private company?
Chrysalis Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Chrysalis Ventures founded?
Chrysalis Ventures was founded in 1993. It employs 11 to 50 people.
Where is Chrysalis Ventures based?
Chrysalis Ventures is headquartered in Louisville, United States, in the North America region.
How does Chrysalis Ventures make money?
One revenue line is on record: investment Returns and Carried Interest.
Who are Chrysalis Ventures's main competitors?
Regional players on record are Origin Ventures, Capstar Partners and Lewis & Clark Ventures. Direct peers are CincyTech, Hyde Park Venture Partners, Council Capital, Rev1 Ventures, Allos Ventures and Dundee Venture Capital. Bain Capital Ventures is listed as a broad incumbent.
Does Chrysalis Ventures have an API?
No public API is recorded for Chrysalis Ventures.
What industry is Chrysalis Ventures in?
Chrysalis Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANACAO, Multi-Sector / Generalist Growth Equity, with a secondary code of FSANAAAE, Geography-Focused Venture Capital (Regional/Emerging Markets). Its NAICS code is 55 and its SIC code is 9995.