Chrysalix Venture Capital

Chrysalix portfolio companies Svante, Minesense, Sortera and Liminal in Global Cleantech 💯 Cleantech Group announced the release of the 2024 Global Cleantech 100, a comprehensive list of the most promising private companies driving sustainable innovation across various industries. The Global Cleantech 100 showcases companies making significant contributions to sustainable innovation and as an annual barometer on the state of global cleantech.

Net zero and the rising need for innovation speed https://lnkd.in/ezDkQjzg

Portfolio company company DTE reckognized by CBS news as innovation leader, revolutionizing the aluminium industry. https://lnkd.in/evEXt4Tx

Chrysalix launches a new Incentive Challenge in collaboration with our partner SCG! Help us decarbonize cement production through groundbreaking solutions. Calling all innovators to propose creative pathways to CO2 free intermediates. The winning entry will receive up to $250K USD and an opportunity to unlock additional follow-on equity funding exceeding $1M from the Chrysalix Carbon Neutrality Fund. Submission Deadline: Jan 31, 2024 https://lnkd.in/eyKx8_Wk

Vacancy: senior account for global venture capital firm, hybrid with office location Vancouver. Venture Capital for Industrial innovation. Chrysalix is a leading early-stage VC specializing in market-driven industrial innovation. We partner with large industrial corporations to define their problems, critical pain points and high potential opportunity areas. Leveraging these insights, we identify step-change startups and create companies to tackle these challenges. Above all, we provide entrepreneurs strategic assistance and help matchmake them to industrial customers and partners so that the startups fulfil their potential. Senior Accountant Role: The Senior Accountant is responsible for the preparation of financial statements, management reports, government return submissions, AR and AP for various corporate entities, Audit and Tax returns. The Senior Accountant oversees the work of the accounting staff. Responsibilities • Oversees full cycle accounting for all associated companies. • Manages relationships with Fund administrators. • Enters and processes cash payments. • Coordinates investor capital calls and distributions • Manages Cash Flow and Banking, including tracking all bank accounts balances, oversee banking administration, GIC investments and maturities and submitting weekly cash balances reports to CFO for Treasury. • Reviews and processes AP and AR invoices, expense reports and payments and follows-up with vendors or customers as required. • Prepares and submits quarterly instalments and annual Payroll, WCB, GST and Canadian, US and Dutch Corporate tax remittance reports. • Corresponds to investors’ queries and requests. • Assists the CFO with the semi-annual investor meeting documents and financial reports. • Coordinates annual tax returns for all entities. • Coordinates the interim and yearend Audits including preparation of Audit Financial Statements and notes and working papers, and liaising with auditors. • Carries out other duties as required. Qualifications and Skills • Education: Accounting Program CPA (advanced studies / recently qualified) • Experience: at least 3 year of full-cycle accounting experience, preferably in the technology industry, • Excellent analytical and problem solving skills • Excellent written and oral communication skills • Proficient with software such as SAGE, Microsoft Word, Excel, Outlook, Dropbox and with the capacity to learn new systems • Ability to work as part of a team and independently when required • Ability to manage self with little supervision/instruction • Good organizational skills, including ability to multi-task and effectively meet deadlines • Positive work ethic and enthusiastic attitude Email CVs to:careers@chrysalix.com Deadline for applications: December 8th

“Path to green energy gets messier”

Chrysalix Venture Capital Announces Completion of the Acquisition of its Portfolio Company GaN Systems by Infineon Chrysalix is pleased to announce the completion of the US$830M “all cash” acquisition of its portfolio company GaN Systems Inc. a fast growing high tech company specialized in gallium nitride (GaN) power semiconductors, by Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) (“Infineon”) a global semiconductor leader in power systems and IoT. See press release by Infineon here: https://lnkd.in/eXzTSPXv . GaN Systems is known for its creation of breakthrough products targeting the growing demand for more efficient power conversion by revolutionizing some of the world’s most economically essential and environmentally impactful industries, including electric vehicles, computers, data centers, renewable energy generation, and industrial motors. "Chrysalix is very happy that GaN Systems has been acquired by a large multinational that can help with the successful scaling of this crucial platform technology so important for the energy transition” said Wal van Lierop, Founding Partner at Chrysalix Venture Capital and a board member of GaN Systems. Chrysalix was the first investor in GaN Systems in 2011, when it identified early the potential for gallium nitride to revolutionize power conversion and its importance for the energy transition. As Chrysalix remained the largest investor in GaN Systems, total return to its fund from this exit is very significant. “We congratulate GaN Systems CEO Jim Witham and his team on this milestone acquisition, and wish Infineon great success with the mass roll-out of this critical technology” added van Lierop. GaN Systems was spun out of the federal Canadian Communications Research Centre Canada in 2008 by Girvan Patterson, the former chief executive, and John Roberts, the chief technology officer, who unfortunately passed away in 2021. They credited “great early investors” such as Chrysalix Venture Capital for their crucial support.

Congratulations to the team of our portfolio company HaiLa Technologies!