Chrysalix Fund exceeds US $100 Million with Credit Suisse investment

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.