# Chrysalix Venture Capital: portfolio, investments and team

> Chrysalix Venture Capital is a vc firm based in Canada. 30 investments on record, latest Aug 2025. Portfolio, stages, co-investors and team.

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

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

# Chrysalix Venture Capital

Last cheque observed Aug 2025. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $83M, Jul 2009 VC firm

Seed Series A Series B Us Sdg Renewables 3d Printing

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 30 on record

Since the last cheque **437** days **00** hrs **00** min **00** sec

Median round **$13M** Rounds led **0 of 30** Sole investor **1 rounds** Exits **4 from the portfolio** Mostly in **United States, 57%**

Pitch Chrysalix Venture Capital

## Chrysalix Venture Capital highlights

- 01 30 rounds on record
- 02 Mostly Series A and Series B: 52% of its rounds
- 03 Sole investor in 1 rounds, median undisclosed
- 04 4 exits from the portfolio

## What they do

> Leading global venture capital fund that invests in resource intensive industries across North America and Europe. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Up to $15M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Us Sdg Renewables 3d Printing
- **Based in:** Vancouver, Canada
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **30 appearances**

- **2025** 1 round
- **Aug** **[General Fusion](https://millionrounds.com/company/general-fusion)** CA · TechCrunch **$22M** With 10 others
- **2024** 1 round
- **Nov** **[C2CA](https://millionrounds.com/company/c2ca)** Series A · NL · Silicon Canals **$11M** With 5 others
- **2017** 2 rounds
- **Feb** **[Enbala Power Networks](https://millionrounds.com/company/enbala-power-networks)** Series B · CA · FinSMEs **$12M** With 3 others
- **Feb** **[MineSense](https://millionrounds.com/company/minesense)** CA · BetaKit: funding **$15M** With 5 others
- **2013** 2 rounds
- **Jul** **[General Fusion](https://millionrounds.com/company/general-fusion)** Series C · CA · canadianprivateequity.com **Undisclosed** With 7 others
- **Apr** **[Purfresh](https://millionrounds.com/company/purfresh)** Venture · US **$1.2M** With 1 other
- **2012** 4 rounds
- **Dec** **[GlassPoint Solar](https://millionrounds.com/company/glasspoint-solar)** Series B · US · pehub.com **$26M** With 3 others
- **Oct** **[GlassPoint Solar](https://millionrounds.com/company/glasspoint-solar)** Venture · US **$1.1M** With 2 others
- **Sept** **[Axine Water Technologies](https://millionrounds.com/company/axine-water-technologies)** Growth · CA · sec.gov **$1.5M** With 1 other
- **Jul** **[Purfresh](https://millionrounds.com/company/purfresh)** Venture · US **$3.0M** With 1 other
- **2011** 6 rounds
- **Dec** **[Agilyx](https://millionrounds.com/company/agilyx)** Series C · US · finsmes.com **$25M** With 4 others
- **Dec** **[Liquid Light](https://millionrounds.com/company/liquid-light)** Series A · US **$8.5M** With 5 others
- **Nov** **[GaN Systems](https://millionrounds.com/company/gan-systems)** Series A · CA · finsmes.com **Undisclosed** With 1 other
- **Sept** **[Light-Based Technologies](https://millionrounds.com/company/light-based-technologies)** Series B · CA · finsmes.com **$7.5M** With 1 other
- **May** **[Primus Power](https://millionrounds.com/company/primus-power)** Venture · US · businesswire.com **$11M** With 3 others
- **May** **[General Fusion](https://millionrounds.com/company/general-fusion)** Series B · CA · generalfusion.com **$20M** With 6 others
- **2010** 2 rounds
- **Sept** **[ENBALA Power Networks](https://millionrounds.com/company/enbala-power-networks)** Venture · CA · enbala.com **$8.0M** With 4 others
- **Mar** **[Light-Based Technologies](https://millionrounds.com/company/light-based-technologies)** Series A · CA · tradingmarkets.com **$2.0M** With 1 other
- **2009** 1 round
- **Aug** **[General Fusion](https://millionrounds.com/company/general-fusion)** Series A · CA · generalfusion.com **$14M** With 2 others
- **2008** 7 rounds
- **Jun** **[Epyon](https://millionrounds.com/company/epyon)** NL · deals.venturebeat.com **Undisclosed** Sole investor
- **May** **[H2scan](https://millionrounds.com/company/h2scan)** Series D · US · venturebeat.com **$4.0M** With 3 others
- **Apr** **[ReliOn](https://millionrounds.com/company/relion)** Series E · US **$5.0M** With 5 others
- **Apr** **[BridgeLux](https://millionrounds.com/company/bridgelux)** Series D · US · bridgelux.com **$30M** With 5 others
- **Feb** **[Purfresh](https://millionrounds.com/company/purfresh)** Series C · US · purfresh.com **$25M** With 2 others
- **Feb** **[ReliOn](https://millionrounds.com/company/relion)** Series D · US **$18M** With 4 others
- **Jan** **[Fat Spaniel Technologies](https://millionrounds.com/company/fat-spaniel-technologies)** Series B · US · cleantechbrief.com **$18M** With 4 others
- **2007** 2 rounds
- **Nov** **[Akermin](https://millionrounds.com/company/akermin)** Series A · US · akermin.com **$5.0M** With 3 others
- **Aug** **[BridgeLux](https://millionrounds.com/company/bridgelux)** Series C · US · bridgelux.com **$23M** With 4 others
- **2006** 2 rounds
- **Dec** **[Purfresh](https://millionrounds.com/company/purfresh)** Series B · US · deals.venturebeat.com **$7.0M** With 1 other
- **Oct** **[Fat Spaniel Technologies](https://millionrounds.com/company/fat-spaniel-technologies)** Series A · US · cleantech.com **$7.0M** With 1 other

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 **10 named**

AL **Alfred Lam** Partner i Form ADV

CH **Charles Haythornthwaite** Senior Partner i Form ADV

GC **Gregory C Allen** Partner i Form ADV

MB **Michael Brown** Director i Filing they signed

MS **Michael Sherman** Director i Filing they signed

MW **Michael Walkinshaw** Director i Filing they signed

RM **Richard Mackellar** Director i Filing they signed

VB **Van Beuningen Fred** Managing Partner i Form ADV

WV **Wal Van Lierop** Executive Officer i Filing they signed

WL **Wendy Leong** Chief Financial Officer i Form ADV

We also hold **28** 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

**$269M** gross assets of its funds Oct 2026

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

- **Legal name:** CEMI Services LTD.
- **SEC number:** CRD 159843

## What they claim to have backed

From their own portfolio page (on their website)

**6** of 21 we have independently watched raise

[Appliedimpactrobotics](https://millionrounds.com/company/applied-impact-robotics)[Brammo](https://millionrounds.com/company/brammo)[Everox](https://millionrounds.com/company/everox)[Gansystems](https://millionrounds.com/company/gan-systems)[Generalfusion](https://millionrounds.com/company/general-fusion)[Minesense](https://millionrounds.com/company/minesense) Axinewater Deadwoodinnovations Dte Haila Helmee Liminalinsights Luffy Minehub Novamerainc Portableppb Q5d Rithmik Sorteraalloys Svanteinc Ver-ai

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **4 in all**

**[BridgeLux](https://millionrounds.com/company/bridgelux)** Bought by China Electronics Corporation (CEC) **Undisclosed** Jul 2015

**[ReliOn](https://millionrounds.com/company/relion)** Bought by [Plug Power](https://millionrounds.com/fund/plug-power) **Undisclosed** Apr 2014

**[Epyon](https://millionrounds.com/company/epyon)** Bought by ABB **Undisclosed** Jul 2011

**[Fat Spaniel Technologies](https://millionrounds.com/company/fat-spaniel-technologies)** Bought by Power-One **Undisclosed** Oct 2010

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

New fund on file

**$83M**

raised in Jul 2009

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$13M** the round, not its cheque Alone, median **-**

Led 0 of 30 rounds **0%**

- **Said size:** Up to $15M
- **Sole investor:** 1 rounds
- **Last cheque:** Aug 2025
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Series A said *7*
- Series B said *6*
- Venture *5*
- Series C *4*
- Series D *3*
- Seed said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 4
- [Foundation Capital](https://millionrounds.com/fund/foundation-capital) 4
- [VantagePoint Capital Partners](https://millionrounds.com/fund/vantagepoint-capital-partners) 4
- [Entrepreneurs Fund](https://millionrounds.com/fund/entrepreneurs-fund) 3
- [Pacific Corporate Group](https://millionrounds.com/fund/pacific-corporate-group) 3
- [RockPort Capital](https://millionrounds.com/fund/rockport-capital) 3

**Pitching Chrysalix Venture Capital?** 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 Chrysalix Venture Capital. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Foundation Capital** VC firm **4** rounds together](https://millionrounds.com/fund/foundation-capital)[**VantagePoint Capital Partners** VC firm **4** rounds together](https://millionrounds.com/fund/vantagepoint-capital-partners)[**Entrepreneurs Fund** VC firm **3** rounds together](https://millionrounds.com/fund/entrepreneurs-fund)[**Pacific Corporate Group** Fund of funds **3** rounds together](https://millionrounds.com/fund/pacific-corporate-group)[**RockPort Capital** VC firm **3** rounds together](https://millionrounds.com/fund/rockport-capital)[**Allianz Private Equity Partners** Fund of funds **2** rounds together](https://millionrounds.com/fund/allianz-private-equity-partners)[**Bezos Expeditions** Family office **2** rounds together](https://millionrounds.com/fund/bezos-expeditions)[**Braemar Energy Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/braemar-energy-ventures)[**Cenovus Energy** Corporate VC **2** rounds together](https://millionrounds.com/fund/cenovus-energy)[**DCM Ventures** Private equity **2** rounds together](https://millionrounds.com/fund/dcm-ventures)[**El Dorado Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/el-dorado-ventures)

## Recently backed

The latest companies Chrysalix Venture Capital put money into.

[**General Fusion** $22M · Aug 2025](https://millionrounds.com/company/general-fusion)

## Quick answers about Chrysalix Venture Capital

### What does Chrysalix Venture Capital invest in?

Chrysalix Venture Capital invests most often at Series A and Series B (52% of the rounds on record), in sectors such as Us Sdg, Renewables and 3d Printing.

### How active is Chrysalix Venture Capital?

30 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2025.

### What has Chrysalix Venture Capital invested in recently?

Its most recent investments on record: General Fusion (Aug 2025), C2CA (Series A, Nov 2024) and Enbala Power Networks (Series B, Feb 2017).

### How big are Chrysalix Venture Capital's cheques?

The median round it joins is $13M.

### Does Chrysalix Venture Capital lead rounds?

Rarely, if at all: none of its 30 investments on record names it as the lead.

### Where does Chrysalix Venture Capital invest?

Most of the companies it backs are in the United States (57%), Canada (37%) and the Netherlands (7%).

### Is Chrysalix Venture Capital investing now?

No investments in the last 12 months; the latest was in Aug 2025.

### Who does Chrysalix Venture Capital invest alongside?

Most often BDC Capital (4 rounds together), Foundation Capital (4 rounds together) and VantagePoint Capital Partners (4 rounds together).

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