# Chrysalis Ventures: portfolio, investments and team

> Chrysalis Ventures is a vc firm based in United States. 50 investments on record, latest Sept 2024. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/chrysalis-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Chrysalis Ventures

Last cheque observed Sep 2024. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm Website unconfirmed

Seed Series A Series B Business Services Communications Construction

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 50 on record

Since the last cheque **787** days **00** hrs **00** min **00** sec

Median round **$37M** Rounds led **0 of 50** Sole investor **10 rounds** Exits **9 from the portfolio** Mostly in **United States, 100%**

Pitch Chrysalis Ventures

## Chrysalis Ventures highlights

- 01 50 rounds on record
- 02 Mostly Series A and Series B: 51% of its rounds
- 03 Sole investor in 10 rounds, median $3.3M
- 04 9 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Business Services Communications Construction
- **Based in:** Louisville, United States
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=chrysalis-ventures).

## The record

Every round we can evidence, newest first **50 appearances**

- **2024** 1 round
- **Sept** **[Vesta Healthcare](https://millionrounds.com/company/vesta-healthcare)** Series C · US · Kaiser Permanente Ventures **$65M** With 9 others
- **2017** 1 round
- **Mar** **[Regent Education](https://millionrounds.com/company/regent-education)** US · FinSMEs **$8.5M** With 2 others
- **2015** 1 round
- **Apr** **[meQuilibrium](https://millionrounds.com/company/mequilibrium)** Series B · US **$9.0M** With 1 other
- **2014** 6 rounds
- **Oct** **[My Health Direct](https://millionrounds.com/company/my-health-direct)** Venture · US **$8.0M** With 2 others
- **Jul** **[Intervention Insights](https://millionrounds.com/company/intervention-insights)** Series B · US **$3.5M** Sole investor
- **Jul** **[Regent Education](https://millionrounds.com/company/regent-education)** Series C · US **$4.0M** With 1 other
- **Jun** **[Foundation Radiology Group](https://millionrounds.com/company/foundation-radiology-group)** Debt · US **$2.5M** Sole investor
- **Apr** **[meQuilibrium](https://millionrounds.com/company/mequilibrium)** Series A · US **$3.0M** Sole investor
- **Feb** **[NextImage Medical](https://millionrounds.com/company/nextimage-medical)** Series B · US **$1.6M** Sole investor
- **2012** 5 rounds
- **Aug** **[Connecture](https://millionrounds.com/company/connecture)** Venture · US · finsmes.com **$20M** With 1 other
- **May** **[Cybera](https://millionrounds.com/company/cybera)** Growth · US · sec.gov **$4.4M** With 2 others
- **Apr** **[StraighterLine](https://millionrounds.com/company/straighterline)** Series B · US · straighterline.com **$10M** With 3 others
- **Feb** **[Cervilenz](https://millionrounds.com/company/cervilenz)** Series A · US · onbiovc.com **$8.3M** With 1 other
- **Jan** **[XLerant](https://millionrounds.com/company/xlerant)** Series B · US · xlerant.com **$3.0M** With 1 other
- **2011** 4 rounds
- **Sept** **[meQuilibrium](https://millionrounds.com/company/mequilibrium)** Series A · US · finsmes.com **$2.3M** With 1 other
- **Jun** **[HealthTeacher / GoNoodle](https://millionrounds.com/company/healthteacher-gonoodle)** Series C · US · healthteacher.com **$5.3M** With 1 other
- **Apr** **[Digitalsmiths](https://millionrounds.com/company/digitalsmiths)** Series C · US · freshnews.com **$13M** With 4 others
- **Apr** **[My Health Direct](https://millionrounds.com/company/my-health-direct)** Series B · US · jsonline.com **$4.0M** With 1 other
- **2010** 1 round
- **Jun** **[Chronicity](https://millionrounds.com/company/chronicity)** Venture · US · chrysalisventures.com **$3.0M** Sole investor
- **2009** 9 rounds
- **Dec** **[My Health Direct](https://millionrounds.com/company/my-health-direct)** Series A · US · deals.venturebeat.com **$4.9M** Sole investor
- **Nov** **[NextImage Medical](https://millionrounds.com/company/nextimage-medical)** Series A · US · dealipedia.com **$5.0M** Sole investor
- **May** **[Cervilenz](https://millionrounds.com/company/cervilenz)** Series A · US · onbiovc.com **$4.0M** With 1 other
- **May** **[Sanovia Corporation](https://millionrounds.com/company/sanovia-corporation)** Series C · US · chrysalisventures.com **$8.0M** With 2 others
- **Apr** **[afterBOT](https://millionrounds.com/company/afterbot)** Venture · US **$1.6M** Sole investor
- **Apr** **[Foundation Radiology Group](https://millionrounds.com/company/foundation-radiology-group)** Series A · US · pehub.com **$10M** With 1 other
- **Apr** **[SinglePipe Communications](https://millionrounds.com/company/singlepipe-communications)** Series B · venturebeat.com **$5.1M** With 2 others
- **Feb** **[Acheive CCA](https://millionrounds.com/company/acheive-cca)** Venture · US · chrysalisventures.com **$5.0M** Sole investor
- **Jan** **[Open Kernel Labs](https://millionrounds.com/company/open-kernel-labs)** Venture · US · ok-labs.com **$7.6M** With 2 others
- **2008** 4 rounds
- **Nov** **[Digitalsmiths](https://millionrounds.com/company/digitalsmiths)** Series B · US · paidcontent.org **$12M** With 2 others
- **Sept** **[Regent Education](https://millionrounds.com/company/regent-education)** Series B · US · regenteducation.com **$8.3M** With 1 other
- **Apr** **[MedServe](https://millionrounds.com/company/medserve)** Series E · US **$8.0M** With 1 other
- **Jan** **[Laboratory Partners](https://millionrounds.com/company/laboratory-partners)** Series D · US · deals.venturebeat.com **$16M** With 2 others
- **2007** 5 rounds
- **Jun** **[Digitalsmiths](https://millionrounds.com/company/digitalsmiths)** Series A · US · allbusiness.com **$6.0M** With 1 other
- **Jun** **[Mobile Armor](https://millionrounds.com/company/mobile-armor)** Series A · US · mobilearmor.com **$6.0M** With 1 other
- **May** **[Intechra Holdings](https://millionrounds.com/company/intechra-holdings)** Series C · US · deals.venturebeat.com **$30M** With 4 others
- **Apr** **[Cybera](https://millionrounds.com/company/cybera)** Series C · US · cybera.com **$18M** With 2 others
- **Feb** **[HydroPoint Data Systems](https://millionrounds.com/company/hydropoint-data-systems)** Series C · US · deals.venturebeat.com **$19M** With 5 others
- **2006** 6 rounds
- **Dec** **[Construction Software Technologies](https://millionrounds.com/company/construction-software-technologies)** Series C · US **$11M** With 4 others
- **Nov** **[Intechra Holdings](https://millionrounds.com/company/intechra-holdings)** Venture · US · ezinfofind.com **$6.5M** With 3 others
- **Oct** **[Chronicity](https://millionrounds.com/company/chronicity)** Series A · US · chrysalisventures.com **$13M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **2 named**

JD **Jr. David Jones** Chairman i Form ADV

RW **Ralston Wright Steenrod** Partner i Form ADV

We also hold **10** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$28M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Chrysalis Capital, LLC DBA Chrysalis Ventures, LLC
- **SEC number:** CRD 161827

## Exits from the portfolio

Companies it backed that were later bought or listed **9 in all**

**[Sanovia Corporation](https://millionrounds.com/company/sanovia-corporation)** Bought by Health Information Designs **Undisclosed** Dec 2014

**[Construction Software Technologies](https://millionrounds.com/company/construction-software-technologies)** Bought by [Genstar Capital](https://millionrounds.com/fund/genstar-capital) **Undisclosed** Oct 2014

**[Digitalsmiths](https://millionrounds.com/company/digitalsmiths)** Bought by [TiVo](https://millionrounds.com/fund/tivo) **$135M** Jan 2014

**[Open Kernel Labs](https://millionrounds.com/company/open-kernel-labs)** Bought by General Dynamics **Undisclosed** Sept 2012

**[Intechra Holdings](https://millionrounds.com/company/intechra-holdings)** Bought by [Arrow Electronics](https://millionrounds.com/fund/arrow-electronics) **Undisclosed** Dec 2010

**[Mobile Armor](https://millionrounds.com/company/mobile-armor)** Bought by Trend Micro **Undisclosed** Nov 2010

**[SinglePipe Communications](https://millionrounds.com/company/singlepipe-communications)** Bought by IBBS **Undisclosed** Jul 2010

**[MedServe](https://millionrounds.com/company/medserve)** Bought by Stericycle **$185M** May 2009

**[HealthMedia](https://millionrounds.com/company/healthmedia)** Bought by [Johnson & Johnson](https://millionrounds.com/fund/johnson-and-johnson) **Undisclosed** Oct 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Seed Series A Series B

Median round joined **$37M** the round, not its cheque Alone, median **$3.3M**

Led 0 of 50 rounds **0%**

- **Sole investor:** 10 rounds
- **Last cheque:** Sept 2024
- **Exits:** 9 from the portfolio

Rounds by stage said on their site

- Series A said *13*
- Series B said *11*
- Venture *10*
- Series C *10*
- Series D *2*
- Growth said *1*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Arboretum Ventures](https://millionrounds.com/fund/arboretum-ventures) 5
- [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) 3
- [Clayton Associates](https://millionrounds.com/fund/clayton-associates) 3
- [Oxford Bioscience Partners](https://millionrounds.com/fund/oxford-bioscience-partners) 3
- [Richland Ventures II LP](https://millionrounds.com/fund/richland-ventures-ii-lp) 3
- [The Aurora Funds](https://millionrounds.com/fund/the-aurora-funds) 3

**Pitching Chrysalis Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Chrysalis Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Arboretum Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/arboretum-ventures)[**Adams Street Partners** VC firm **3** rounds together](https://millionrounds.com/fund/adams-street-partners)[**Clayton Associates** VC firm **3** rounds together](https://millionrounds.com/fund/clayton-associates)[**Oxford Bioscience Partners** Growth equity **3** rounds together](https://millionrounds.com/fund/oxford-bioscience-partners)[**Richland Ventures II LP** VC firm **3** rounds together](https://millionrounds.com/fund/richland-ventures-ii-lp)[**The Aurora Funds** VC firm **3** rounds together](https://millionrounds.com/fund/the-aurora-funds)[**406 Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/406-ventures)[**Ares Capital Corporation** VC firm **2** rounds together](https://millionrounds.com/fund/ares-capital-corporation)[**Citrix** Corporate VC **2** rounds together](https://millionrounds.com/fund/citrix)[**Claritas Capital** Private equity **2** rounds together](https://millionrounds.com/fund/claritas-capital)[**Claritas Capital** VC firm **2** rounds together](https://millionrounds.com/fund/claritas-capital-2)[**Fort Washington Capital Partners Group** Investment firm **2** rounds together](https://millionrounds.com/fund/fort-washington-capital-partners-group)

## Recently backed

The latest companies Chrysalis Ventures put money into.

[**Regent Education** $8.5M · Mar 2017](https://millionrounds.com/company/regent-education)

## Quick answers about Chrysalis Ventures

### What does Chrysalis Ventures invest in?

Chrysalis Ventures invests most often at Series A and Series B (51% of the rounds on record), in sectors such as Business Services, Communications and Construction.

### How active is Chrysalis Ventures?

50 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2024.

### What has Chrysalis Ventures invested in recently?

Its most recent investments on record: Vesta Healthcare (Series C, Sept 2024) and Regent Education (Undisclosed round, Mar 2017).

### How big are Chrysalis Ventures's cheques?

The median round it joins is $37M.

### Does Chrysalis Ventures lead rounds?

Rarely, if at all: none of its 50 investments on record names it as the lead.

### Where does Chrysalis Ventures invest?

Most of the companies it backs are in the United States (100%).

### Is Chrysalis Ventures investing now?

No investments in the last 12 months; the latest was in Sept 2024.

### Who does Chrysalis Ventures invest alongside?

Most often Arboretum Ventures (5 rounds together), Adams Street Partners (3 rounds together) and Clayton Associates (3 rounds together).

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