Chrysalix Venture Capital, an industrial sustainability investor with offices in Holland and Canada, has closed its fifth fund at $120m to invest in early-stage companies across the globe, according to a news release.
The Carbon Neutrality Fund is dedicated to developing technologies enabling carbon neutrality in energy, mining, transport, chemicals, steel and cement, and forestry. It will focus on technologies that include resource efficiency solutions, alternative fuels, materials substitution and circularity, carbon as a resource, negative emission technologies, carbon analytics and markets and will primarily invest across Canada, the US and Europe.
Investors in the fund include Evonik, LyondellBasell and Siam Cement Group (SCG).
“With this first close, the Fund is on its way to raising its target size of [$120m] and is supported by Chrysalix’s expanded presence in Europe, as well as 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,” the release states.
