Chrysalix Energy, a renewable energy-focused venture capital fund based in Vancouver, BC plans to close on a $150 million for its third fund by the end of next month, reports VentureWire via PeHUB.
The Chrysalix Energy Limited Partnership III has so far raised $100 million, a substantial chunk of that investment capital coming from the Oregon Investment Fund an affiliate of Credit Suisse.
In a prepared statement Chrysalix CEO Wal van Lierop said:
By building partnerships with international leaders like Credit Suisse, Chrysalix continues to build momentum for clean energy technology venture capital, bridging the gap between industry leaders and entrepreneurs.
Other investors in CELP III include Total Energy Ventures, Kuwait Petroleum Corp., Delta Lloyd Private Equity, European utilities Fortum and Essent, Robeco Clean Tech Private Equity, Sitra and FondAction.
Chrysalix’s CELP III fund has already invested some of its capital with various cleantech startups including, Brammo, an Oregon-based electric motorcycles maker and Vancouver-based General Fusion, which is developing a utility-scale fusion engine.