Chrysalix Venture Capital

Chrysalix Venture Capital is an early-stage industrial innovation firm based in Vancouver, Canada, founded in 2001 by Wal van Lierop. The firm focuses on connecting market-driven challenges with innovative technological solutions, investing in sectors such as artificial intelligence, data analytics, sensor components, the Internet of Things, robotic systems, blockchain, advanced materials, and chemicals. Chrysalix actively supports its portfolio companies by leveraging deep industry and technical expertise, providing management and board assistance, facilitating organized networking opportunities with industrial and financial partners, managing intellectual property, and offering direct access to capital.

Greg Allen

Partner

Fred Van Beuningen

Managing Partner

Charles Haythornthwaite

Partner

Gene J.W. Kim

Venture Partner

Alicia Lenis

Vice President

Wendy Leong

CFO

Wal Van Lierop

President and CEO

Alfred Lam

Partner

Richard MacKellar

Managing Director

Past deals in British Columbia

MineSense

Series E in 2022
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

General Fusion

Series E in 2019
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

MineSense

Series D in 2018
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense

Series C in 2017
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense

Series B in 2016
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

Axine Water Technologies

Series B in 2016
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.

MineSense

Convertible Note in 2016
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

MineSense

Series B in 2015
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

General Fusion

Series D in 2014
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

Axine Water Technologies

Series A in 2014
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.

General Fusion

Series C in 2013
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

MineSense

Series A in 2013
MineSense Technologies Ltd. is a mining technology company based in Vancouver, Canada, that specializes in sensor-based mineral processing solutions for ore pre-concentration. The company utilizes high-frequency electromagnetic sensor (HFEMS) technology, which integrates with material handling equipment to assess and report ore grade in real time. MineSense offers a range of products including BeltSense, ShovelSense, and SortOre, which facilitate the monitoring and sorting of ores based on their mineral content. Additionally, it provides evaluation tools such as ConductOre and PreCalculatOre to help mines analyze economic benefits and optimize ore processing. Beyond product offerings, MineSense also delivers laboratory and professional services focused on mineral evaluation and economic case studies. Founded in 2007, the company has expanded its operations to include offices in South America, Australia, and Africa, aiming to enhance productivity and recovery in the mining industry.

Axine Water Technologies

Seed Round in 2012
Axine Water Technologies Inc. is a Vancouver-based company specializing in innovative wastewater treatment solutions. Established in 2010, it focuses on developing chemical-free systems that effectively treat high concentrations of complex, toxic organics and ammonia found in industrial wastewater. Utilizing a proprietary electrolytic oxidation technology, Axine's systems can address a broad range of pollutants, including phenols, pharmaceuticals, dioxins, and various organic compounds, without generating sludge or requiring chemical additives. The company aims to provide cost-effective and energy-efficient alternatives to traditional wastewater treatment methods, catering to industries such as oil and gas, petrochemicals, pharmaceuticals, textiles, and waste management. Its solutions enable both industrial and municipal clients to enhance the performance and reduce the costs of their wastewater treatment processes.

General Fusion

Series B in 2011
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.

General Fusion

Seed Round in 2007
General Fusion Inc. is a Canadian company focused on the development of commercial Magnetized Target Fusion (MTF), a promising hybrid approach that combines elements of magnetic fusion and inertial confinement fusion. Founded in 2002 and based in Burnaby, the company aims to create utility-scale fusion power plants that can provide clean, safe, and abundant energy. General Fusion is pioneering a patent-pending concept that leverages advancements in MTF, which has seen limited exploration since the 1970s. The company is dedicated to demonstrating and commercializing this innovative energy solution by the end of the decade. It is supported by a network of global energy venture capital firms, industry leaders, and technology innovators, all working to reduce technical risks and accelerate the path to viable fusion energy.
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