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Chrysalix Venture Capital

Vancouver, BCCHRYSALIX-VENTURE-CAPITAL
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Classification
Slugchrysalix-venture-capital
HQVancouver, BC
Stage FocusSeries A to Series C cleantech and industrial tech, typic…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Chrysalix is the rare cleantech-focused fund that actually survived the cleantech 1.0 carnage and learned from it. They're disciplined about only backing companies with real revenue and proven tech, not just lab experiments. Wal van Lierop has been doing this for decades and has genuine domain expertise, which matters in complex industrial markets. The downside? They're pretty conservative and move slowly - don't expect quick decisions or splashy PR. They're also Canadian-centric, which limits their Silicon Valley networks but gives them access to government incentives and programs that US funds miss.

KEY TAKEAWAYS
  • Best for: Cleantech/industrial B2B companies with proven revenue traction
  • Watch out for: Slow decision-making and conservative approach to risk
  • Known for: Deep cleantech domain expertise and surviving multiple cycles
Investment Thesis

Chrysalix focuses on early-stage cleantech and industrial innovation companies that can scale globally. They target B2B solutions in energy, materials, and industrial efficiency with experienced management teams and proven market traction.

Stage & Sector Focus

Series A to Series C cleantech and industrial tech, typically $2-15M initial checks. Heavy focus on energy storage, advanced materials, industrial automation, and sustainability tech with revenue traction.

Notable Portfolio
Spark ThermostatsAxine Water TechnologiesMantra EnergyGeneral FusionSaltworks TechnologiesBoreal LightCarbon EngineeringOstara Nutrient Recovery
Key Partners
Wal van Lierop
President & CEO

Long-time cleantech veteran who's been with Chrysalix since early 2000s. Known for deep industrial networks and hands-on approach with portfolio companies. Respected in Canadian cleantech circles.

Jason Flick
Partner

Former McKinsey consultant with energy sector experience. Joined Chrysalix to focus on energy and industrial investments. Known for operational expertise and helping portfolio companies scale.

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