The Fund invests in Industry 4.0 applications that improve industrial processes, resource efficiency, decarbonization and environmental sustainability
Vancouver, Canada and Delft, The Netherlands, January 10, 2022 (GLOBE NEWSWIRE) – Chrysalix Venture Capital, a global technology venture capital firm specializing in transformational industrial innovation, announces the definitive closure of its Chrysalix RoboValley fund. The nearly US $ 100 million fund invests in start-ups around the world that are developing technologies in smart systems, resource productivity and environmental solutions for resource-intensive industries such as energy, l mining, mobility, construction, chemicals and materials and manufacturing.
Investors in the fund include Fortune 500 companies, leading companies, financial institutions, family offices and universities. With this definitive closure, Chrysalix welcomes the new investor Artantix Limited, a subsidiary of Consensus Business Group. Artantix joins existing fund investors including Caterpillar Venture Capital Inc., J-POWER, South32, Hitachi Construction Machinery Co. Ltd., PETRONAS, Severstal, Delft University of Technology, Mitsubishi Corporation, FLSmidth, Mistletoe Venture Partners International, Golden Properties , Hyundai Motor Company and an undisclosed mining company.
“We are very pleased to welcome Artantix Limited to the Chrysalix RoboValley Fund and look forward to working with them alongside our other strategic investors,” said Fred van Beuningen, Managing Partner of Chrysalix Venture Capital. “Many current business lines are facing challenges that demand innovative solutions that can simultaneously reduce costs while increasing productivity and sustainability. With this final close of the Chrysalix RoboValley Fund, we will continue to build on the Chrysalix’s legacy of working with resource-hungry industries to identify transformative solutions powered by intelligent systems, while continuing to expand our portfolio of leading technology companies.
The Chrysalix RoboValley Fund has established strong industry clusters, particularly in the mining and metals, oil and gas, and engineering and construction sectors. The fund invests in innovations that stimulate the energy transition and decarbonization, and can be improved by the application of intelligent systems such as: AI, data analysis, sensors and components, IoT, systems robotics and blockchain. The fund’s investments include: Sortera alloys, developers of an intelligent sorting system for the upcycling of non-ferrous scrap; DTE, a unique metal intelligence solution; Novamera Inc., developers of sustainable borehole mining (SMD) technology; MineHub Technologies Inc., an open platform for digital mining and metals trading; VerAI, an AI platform that detects hidden mineral deposits; Portable PPB, developers of a device allowing geologists to perform “real-time” gold analysis in the field; HaiLa Technologies Inc., enabling large-scale deployment of IoT sensors in existing networks; Feasible Inc., developers of a revolutionary battery intelligence platform; Applied impact robotics, an automated inspection solution for capital intensive infrastructure; and Rithmik Solutions, AI-based mobile mining analysis.
With this definitive closure, the Chrysalix RoboValley Fund will continue to source and invest in disruptive technology companies that focus on energy transition and decarbonization. The Fund is supported by Chrysalix’s presence in Europe, as well as by the company’s unique academic network and its dynamic start-up ecosystem. This is Chrysalix’s second fund focused on intelligent systems and industrial innovation for resource-intensive industries.
About Chrysalix Capital Risque
Chrysalix is a technology-driven venture capital firm that builds, mentors and connects high growth companies. Founded in Vancouver, Canada in 2001, and with offices also in Delft, The Netherlands, Chrysalix has built its reputation by bringing breakthrough innovation to the world’s largest industries by focusing where technology meets physical science. The company’s investments include cutting-edge technologies such as smart mining, steel 3D printing, fast-charging electric vehicle infrastructure, battery intelligence, CO2 capture, fuel management. wastewater and fusion energy. Chrysalix has one of the strongest investment teams in the industry with deep expertise in energy, industrial technology and entrepreneurship, and is backed by more than 20 leading international industrial and financial investors. The Chrysalix RoboValley Fund is the company’s second fund under management focused on industrial innovation. For more information visit: www.chrysalix.com.
CONTACT: Allison Johnson [email protected]