Chrysalix said it signed three new strategic limited partners to its CELP III Fund. They are SABIC, Royal Dutch Shell, and a large European industrial group to be disclosed this spring. The new LPs will give CELP III additional money to strengthen the fund’s portfolio, especially important during a recessionary period, the venture firm said.
Chrysalix Leadership Position Reinforced
Ranked Most Active Global Cleantech Investor Two Years Running and Secures Three New Strategic Limited Partners
VANCOUVER, BC, February 23, 2012 – Today, Chrysalix Energy Venture Capital announced it has been ranked the most active global cleantech venture capital firm in 2011 by Bloomberg New Energy Finance marking the second year in a row the Firm has received top honours from a respected, third-party industry organization. Further validating the Firm’s leadership position, Chrysalix also announced the signing of three new strategic Limited Partners (LPs) to its CELP III Fund including SABIC, Royal Dutch Shell, and a large European industrial group to be disclosed this spring.
“As one of the only ‘pure-play’ cleantech VCs around, 100% committed to game-changing clean energy investments, being ranked the most active VC in the space two years in a row shows we’re doing our job,” said Wal van Lierop, President & CEO of Chrysalix. “And with the addition of these exciting new industry leaders as LPs who approached us to join our latest fund, it continues to illustrate we are the cleantech VC of choice.”
“Chrysalix’ unique industry knowledge, experience, and track record was the deciding factor for us to invest in them,” remarked Hans Kolnaar, Managing Director of SABIC Ventures.
“When choosing a venture capital collaboration, the quality of their alternative energy deal flow is critical to us. Chrysalix meets exactly this,” said Gerald Schotman, Chief Technology Officer of Royal Dutch Shell. “This collaboration underpins our commitment to drive innovation, leveraging the full variety of funding mechanisms.”
With the inclusion of the three new LPs, Chrysalix’ CELP III Fund has additional money to strengthen its portfolio, especially important during a recessionary period. Adds van Lierop, “Not only will this support our existing portfolio companies but it’s often during challenging financial times like these that the stars of tomorrow are discovered – start-ups with the culture of being able to do more with less. These can be great deals for VCs. We look forward to working alongside our expanded international, blue-chip LP base in our quest to create solutions for the new energy economy.”
About Chrysalix Energy Venture Capital
Chrysalix is a venture capital firm investing in technologies that will drive the new energy economy. The Firm provides early-stage financing, hands-on assistance and strategic connections to innovative companies confronting the world’s most important energy and environmental issues. For the past two years, the Firm has ranked the most active clean energy technology venture capital firm in the world. The Chrysalix team has an exceptional track record in this emerging industry. Collectively, it has over 120 years of experience in the energy industry and over 120 years in the venture capital business. The Firm is backed by a strong group of international blue-chip industrial and financial Limited Partners, and is headquartered in Vancouver, British Columbia. For more information, please visit http://www.chrysalix.com.