Chrysalix Venture Capital, a global venture capital fund that invests in sustainable industries across North America and Europe, announces the first close of its fifth fund, the Carbon Neutrality Fund.
Carbon Neutrality Fund is a vintage early-stage venture capital fund managed by Chrysalix Venture Capital, initiated in 2023. It is located in Vancouver, Canada and aims to invest in early-stage companies across the globe that are developing technologies to enable carbon neutrality for industries like energy, mining, transport, chemicals, building materials – steel and cement, and forestry.
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It will focus on markets across Canada, the US, and Europe and will aim to support technologies that include resource efficiency solutions, alternative fuels, materials substitution and circularity, carbon as a resource, negative emission technologies, and carbon analytics.
Investors in the fund include leading industrial companies like Evonik, LyondellBasell, Siam Cement Group (SCG), and a North American leader in forestry, pulp and paper products.
Its target size is $120 million. It is supported by Chrysalix’s expanded presence in Europe and the Chrysalix ecosystem which includes many of the leading global industrial companies, top universities from Europe, North America and Asia, partnerships with climate technology accelerators, and providers of non-dilutive and growth capital.
“We are pleased to welcome several leading international investors to the Carbon Neutrality Fund… Working closely with our Limited Partners, the Fund will connect leading companies with outstanding entrepreneurs, linking market-driven problems to innovative solutions while seizing the value creation opportunity of carbon neutrality. Technologies that support carbon neutrality offer a value creation and a new business opportunity, companies with a pro-active carbon strategy will create long-term sources of differentiation,” said Fred van Beuningen, Managing Partner at Chrysalix Venture Capital.
