Specialist · Vancouver, BC

Chrysalix Venture Capital

Industrial innovation for resource-intensive industries.

← Investors in British Columbia
Cheque
$1M to $5M
Role
Can lead a round
Pace
Selective right now
Kind
Specialist
Vehicle size
$136M
Founded
2001
Works in
EN
Last deal seen
April 2026
Stages
Seed, Series A, Series B and later
Sectors
Climate and energy, Deeptech and hardware

Their thesis, in full

Vancouver and Delft VC for industrial innovation in resource-intensive industries (mining, metals, forestry, energy, chemicals, manufacturing). A 20-year track record across five funds, three of which are active in the current portfolio: the Chrysalix Energy Fund, the RoboValley Fund (final close near US$100M in 2022) and the current Carbon Neutrality / Industrial Innovation Fund (the firm's fifth fund, first close 2023, US$120M target). Founding Partner Wal van Lierop and Managing Partner Fred van Beuningen lead a team split between Vancouver and Delft.

What they bring past the cheque

  • Industrial decarb expertise
  • Resource innovation depth
  • Cleantech veteran
  • Long-cycle conviction
  • Robotics network

Questions they usually ask

Have an answer ready for each one before the first call.

  1. What heavy-industry customer is willing to pilot your technology and pay?
  2. How do you bridge from pilot to first commercial deployment?
  3. What does your capex versus opex business model look like at scale?

Follow-on

Chrysalix reserves meaningfully for Series B and beyond and has syndicated growth rounds with Temasek, BDC Capital, ArcTern Ventures and Orion Resource Partners. Founders should plan for multi-year pilot to commercial deployment cycles before the next institutional lead steps in.

Who to talk to

Portfolio

Names they back, most notable first.

  • GeopyöräSeed · 2026
  • VerAI DiscoveriesSeries A · 2023
  • Liminal InsightsSeries A · 2023
  • Haila TechnologiesSeed · 2020
  • Rithmik Solutions
  • Deadwood Innovations
  • SvanteSeries B+ · 2021

Often in the same rounds

Investors seen alongside them in past rounds.

  • Temasek
  • BDC Capital
  • OGCI Climate Investments
  • Chevron Technology Ventures
  • ArcTern Ventures
  • Orion Resource Partners
  • Murata Electronics
  • Ecofuel Fund

Similar investors

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Set your stage, sector and amount once. Fractal App tells you if Chrysalix Venture Capital can lead it, tracks every follow-up, and counts the days of silence. Free, no card.

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Checked October 2026 from public sources. source ↗ · Website ↗ · LinkedIn ↗