Chrysalix Venture Capital, a Canada-based venture capital firm, has made the final close of its Chrysalix RoboValley Fund at nearly $100m with a final corporate limited partner (LP) joining.
Artantix, an affiliate of Consensus Business Group, joined existing corporate LPs in the fund from a prior close, including Caterpillar Venture Capital, J-Power, South32, Hitachi Construction Machinery, Petronas, Severstal, Delft University of Technology, Mitsubishi, FLSmidth, Mistletoe Venture Partners International, Golden Properties, Hyundai Motor Company, and an undisclosed mining company.
The fund invests in early-stage companies across the globe that are developing technologies in intelligent systems, resource productivity and environmental solutions for resource intensive industries, such as energy, mining, mobility, construction, chemicals and materials, and manufacturing.
The fund’s investments include Sortera Alloys, developers of a sorting system for the upcycling of non-ferrous scrap metal; DTE, a metals intelligence service; Novamera, developers of a sustainable mining by drilling technology; MineHub Technologies, an open platform for mining and metals digital trade; VerAI, an AI platform that detects concealed mineral deposits; Portable PPB, developers of a device that enables geologists to undertake ‘real-time’ gold analysis in the field; HaiLa Technologies, enabling the wide-scale deployment of sensors into existing networks; Feasible, developers of a battery intelligence platform; Applied Impact Robotics, an automated inspection solution for capital intensive infrastructure; and Rithmik Solutions, AI-first mobile mining analytics.
Fred van Beuningen, managing partner at Chrysalix, said: “Many of today’s industries face challenges that demand innovative solutions that can simultaneously lower costs while increasing productivity and sustainability.”
