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Thursday, February 28, 2008

US venture capital firm Chrysalis closes $163m fund

Chrysalis Ventures has closed its fourth investment fund on $163m, exceeding its $150m target. The fund will offer equity capital to young growth companies in the Midwest and Southern US.

Chrysalis Ventures has made investments in over 55 companies in its three prior funds including Six Flags, ActaMed, High Speed Access Corporation, Tritel, Appriss and Genscape.

Based in Louisville, Kentucky, Chrysalis has $375m under management. The firm invests primarily in healthcare services and technology, media and communications and business services.

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