Cleantech VC Chrysalix Expands Reach in Asia

Chrysalix launched a global network of independent, locally managed venture capital firms targeting cleantech investing, called the Chrisalix Global Network (CGN)

According to a press release, the CGN initially consists of:

  • Chrysalix Energy Venture Capital (“Chrysalix EVC”), covering North America, with offices in Vancouver, British Columbia, and Calgary, Alberta;
  • Chrysalix Sustainable Energy Technologies (“Chrysalix SET”), covering Europe, based in Amsterdam, the Netherlands; and
  • Grand River Capital Chrysalix (“GRC Chrysalix”), covering Asia, headquartered in Beijing.

This new structure makes sense because early-stage venture investors need to be local with “feet on the ground” in order to find and build great companies and its new global reach will provide their portfolio companies with access to new international markets, according the Chrysalix’s CEO Wal van Lierop.

Said Eric Wang, managing partner of GRC Chrysalix: “With China investing in green technologies at a pace three times that of the rest of the world, and with so many North American and European cleantech companies requiring effective Asian strategies, it made sense to join forces.”

Chrysalix’s recent investments include: GaN Systems, Sefaira, Akermin and Axine Water Technologies.

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