CHRYSALIS VENTURES
CHRYSALIS VENTURES is a Seed, Series A, Series B, Series C+ and buyout fund in Midwest and Southeast writing $3.6M–$7M checks into Climate, Healthcare, business-services, communications, construction, education, government-services, human-capital-management, logistics and media.
- Stages
- Seed, Series A, Series B, Series C+, buyout
- Sectors
- Climate, Healthcare, business-services, communications, construction, education, government-services, human-capital-management, logistics, media
- Check size
- $3.6M–$7M
- Invests in
- Midwest, Southeast
- Actively investing
- Yes
- Founded
- 1993
- Assets under management
- $400M
- Website
- chrysalisventures.com
Thesis
Chrysalis Ventures is a venture capital and private equity firm founded in 1993, headquartered in Louisville, Kentucky. They focus on growth-stage companies in the Midwest and Southeast US, targeting businesses with strong financial profiles, typically $1-10 million in EBITDA and at least $1 million in revenue. The firm engages in both control buyouts and expansion-stage equity, preferring profitable companies that can serve as platforms for growth and acquisition. Their sector coverage is broad, including business services, healthcare, communications, construction, education, energy, government services, human capital management, logistics, and media. While stage-agnostic within their target markets, they have invested across various stages from seed to buyout. Chrysalis Ventures employs a hands-on partnership model, offering operational and technological expertise alongside capital. They invest directly into operating companies and do not participate in fund-of-funds or LP commitments. AUM figures vary, with older reports indicating around $175 million for their fourth fund and $375-400 million in earlier periods. The firm is actively seeking new investments.
Common questions
Does CHRYSALIS VENTURES invest at the Seed stage?
Yes. CHRYSALIS VENTURES lists Seed, Series A, Series B, Series C+ and buyout among the stages it invests in.
What check size does CHRYSALIS VENTURES write?
CHRYSALIS VENTURES writes $3.6M–$7M checks.
Where does CHRYSALIS VENTURES invest?
CHRYSALIS VENTURES invests in Midwest and Southeast.