Chrysalix Fund exceeds US $100 Million with Credit Suisse investment

Posted by Rob Lewis

Chrysalix Energy announced on Monday that its latest fund has increased to more than US $100 Million with an investment by the Oregon Investment Fund, LLC - an affiliate of Credit Suisse. Chrysalix CEO Wal van Lierop said this new fund, named Chrysalix Energy Limited Partnership III (CELP III), is on target to reach US $150 million by March 31st.

The announcement was made in conjunction with Premier Gordon Campbell's unveiling of the BC Clean Works Initiative.

It's been a good month for Chrysalix. Last week they announced that according to Bloomberg/New Energy Finance they are the 3rd most active Clean Energy Venture Capital investor in the world based on the number of investments completed in the past decade. Over the last few years Chrysalix has helped to raise more than US $250 million for early-stage Canadian clean energy technology companies - five of them in Metro Vancouver.

Chrysalix's five portfolio companies located in and near Vancouver are Day4 Energy Inc. and General Fusion Inc. in Burnaby; Exro Technologies Inc. and Light-Based Technologies in Vancouver; and Angstrom Power Inc. in North Vancouver.

Company:
Angstrom Power
Website:
http://www.angstrompower.com
Location:
Vancouver, British Columbia, Canada

Angstrom Power is designing the next generation of safe, mobile power for tomorrow's multi-purpose hand-held electronics. Angstrom Power's innovative Micro Hydrogen™ technology, an integration of novel fuel cell, energy storage and micro-fluidic components has demonstrated Better than Batteries performance at scales equivalent to today's mobile lithium ion batteries. The combination of hydrogen fuel and handset... more

Company:
Day4 Energy Inc.
Website:
http://www.day4energy.com
Location:
Vancouver, British Columbia, Canada

Day4 Energy Inc. is a Vancouver-based solar energy company formed in 2001 to revolutionize solar power use in industrial, commercial, utility, and residential power generation. Day4 is dedicated to producing affordable and efficient photovoltaic (PV) solutions that will enable PV systems to grow to occupy a significant part of the world's electrical generation infrastructure. With a management team strong in... more

Company:
General Fusion Inc.
Website:
http://generalfusion.com
Location:
Burnaby, British Columbia, Canada

Energy: our modern way of life depends on it. A large portion of the modern economy rides on it. Colossal fortunes have been built finding and developing energy sources. However, today, the world is heading towards a major crisis. Since the industrial revolution, the world's need for energy has grown exponentially. This growth has been easily sustained, thanks to an inexpensive supply of fossil fuels conveniently... more

Company:
Light-Based Technologies
Website:
http://www.lightbasedtechnologies.com
Location:
Vancouver, British Columbia, Canada

Light-Based Technologies delivers revolutionary analog technologies and full engineering support for the power and control of solid state lighting products. Our solutions are more efficient and put less strain on natural resources from the materials required to manufacture components to the power to operate final products. This also happens to reduce your costs as an added benefit. Light-Based Technologies offers... more

Company:
Chrysalix Energy
Website:
http://www.chrysalix.com
Location:
Vancouver, British Columbia, Canada

Chrysalix Energy invests in and supports compelling technologies and entrepreneurial management teams that address the changing demands of the global energy industry. Founded in 2001, we actively work with our clients and support them with deep industry and technical knowledge, management and board assistance, organized networking with industrial and financial partners, management of intellectual property, and... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




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