KUALA LUMPUR, June 26 (Bernama) -- Chrysalix Venture Capital, an experienced and early stage industrial sustainability investor, has announced the first close of its fifth fund, the Carbon Neutrality Fund.
The Fund will invest in early-stage companies globally that are developing technologies to enable carbon neutrality for industries such as energy, mining, transport, chemicals, building materials like 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 United States and Europe.
Chrysalix Venture Capital Managing Partner, Fred van Beuningen in a statement said: “We are pleased to welcome several leading international investors to the Carbon Neutrality Fund.
“Working closely with our Limited Partners, the Fund will connect leading companies with outstanding entrepreneurs, linking market driven problems to innovative solutions while seizing the value creation opportunity of carbon neutrality.”
Investors in the Fund include leading industrial companies like Evonik, LyondellBasell, Siam Cement Group (SCG), and a North American leader in forestry, pulp and paper products.
With this first close, the Fund is on its way to raising its target size of US$120 million and is supported by Chrysalix’s expanded presence in Europe, as well as the Chrysalix ecosystem. (US$1=RM4.67)
This 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.
-- BERNAMA
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