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.
Angstrom Power is designing the next generation of safe, mobile power for tomorrow's multi-purpose hand-held electronics. Angstrom Power's... [more]
Day4 Energy Inc. is a Vancouver-based solar energy company formed in 2001 to revolutionize solar power use in industrial, commercial, utility, and... [more]
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... [more]
Light-Based Technologies delivers revolutionary analog technologies and full engineering support for the power and control of solid state lighting... [more]
Chrysalix Energy invests in and supports compelling technologies and entrepreneurial management teams that address the changing demands of the... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. 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 blogging on...[more]
