# Chrysalis Ventures

Chrysalis Ventures is an Asset Manager based in Louisville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Louisville, United States
- **Region:** Africa
- **Address:** Louisville, KY, United States
- **Founded:** 1993
- **Assets under management:** Undisclosed
- **Website:** chrysalisventures.com
- **LinkedIn:** https://www.linkedin.com/company/chrysalis-capital

## Regulatory record

- **Reports private funds:** No

## About

Chrysalis Capital is a private equity firm managing the Chrysalis Acquisition Fund I. The fund focuses on acquiring controlling stakes in Western Canada-based small-to-medium-sized enterprises with strong fundamentals. Chrysalis Capital has made 14 investments, including Wefox in January 2025, and has one portfolio exit, Bankly in April 2025.

## Sectors

- Enterprise Software
- Healthcare Services
- Education
- Energy Transition & Renewables
- Media & Entertainment
- Logistics

## People

- David Jones — Founder

## Questions

### Who runs investment decisions at Chrysalis Ventures?

David Jones founded Chrysalis Ventures in 1993 and remains the central decision-maker. The firm operates with a lean team structure and has not publicly named additional investment committee members or successor leadership. Jones's thesis-driven approach anchors the firm's sourcing and underwriting.

### How does Chrysalis Ventures source its deal flow?

Chrysalis sources almost entirely within the Midwest and Southeast, relying on a 25-year regional network built from its Louisville headquarters. The firm targets founder-led companies in fragmented industries that are often overlooked by coastal venture investors. Its long-standing presence in Mid-America gives it incumbent access to management teams seeking their first institutional partner.

### Does Chrysalis participate in fund commitments or only direct deals?

Chrysalis invests directly into operating companies and does not publicize a fund-of-funds or LP commitment program. Its strategy is built around direct equity investments in growth-stage and buyout situations where it can apply technology expertise and operational involvement.

### What is Chrysalis Ventures' typical check size or financial profile target?

The firm seeks established businesses with $1–10 million of EBITDA and at least $1 million in revenue at the time of investment. It prefers companies that have proven they can generate profits at their current scale and can serve as platforms for both organic growth and acquisition-driven consolidation.

### Which sectors does Chrysalis Ventures explicitly avoid?

Chrysalis does not maintain a public exclusions list, but its historical portfolio shows no exposure to biotechnology, medical devices, or deep-science hardware. The firm concentrates on service-oriented and technology-enabled industries — business services, healthcare services, logistics, education, and communications — where its operational playbook applies cleanly.

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Last updated: 2026-06-03T20:00:00.000Z

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