Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Chrysalis Ventures

Chrysalis Ventures

Institutional venture firmLouisville, KYchrysalisventures.comSEC venture capital fund adviser

Chrysalis Capital has invested in over 70 technology-enabled businesses across a variety of industries, including business services, communications, construction, education and corporate training, energy, government services, healthcare, human capital management, logistics, and media and entertainment. We seek companies led by proven operators in markets underserved by technology that have the potential to grow both organically, and through acquisition.

venture manager, reported GAV $67M across 5 vehicles

Importance
13
low
Active deployment
0
low
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
2
low
Identity and regulatory footprint
Headquarters
Louisville, KYadviserinfo.sec.gov
Office address
333 E. MAIN STREET, SUITE 304, Louisville, KY, 40202adviserinfo.sec.gov
Business phone
502-583-7644adviserinfo.sec.gov
Website
HTTP://WWW.CHRYSALISVENTURES.COM
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 23, 2026
Private funds reported
5 (5 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$28.3Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business email
info@chrysalisventures.comchrysalisventures.compublished by the subject
business phone
502-583-7644adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
healthcare, energy, edtech, logistics, media
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
5 reported, 1 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Chrysalis Affiliates Fund, LPFeeder or parallel2020 adv first reportedMature$15.5M
Feb 21, 2024
11unknownunknown
Chrysalis Ventures III, LPFundunknownUnknown$25.9M
Feb 21, 2024
59unknownunknown
Chrysalis Ventures II, LPFundunknownUnknown$19.0M
Feb 21, 2024
48unknownunknown
Chrysalis Ventures (ohio) III, LPFundunknownUnknown$4.3M
Feb 21, 2024
3unknownunknown
Chrysalis Ventures (healthcare) III, LPFundunknownUnknown$2.6M
Feb 21, 2024
2unknownunknown
Chrysalis Ventures I, LPFundunknownWound down$2.1M
Feb 9, 2021
5unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 3 departed
JR. David a. Jones
Chairman · since Mar 1, 1994
Founder or executive
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Ralston Wright Steenrod
Partner · since Jul 1, 2005
Partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
3 departed (kept with end dates)
  • Koleman E Karlesky · Managing Director · Mar 1, 2006 to Sep 28, 2016 Inference
  • Jeremy D Burtel · Vice President Of Finance · Aug 1, 2008 to Jan 26, 2018 Inference
  • Lisa K Aly · Vp Finance And Administration · Jul 1, 2001 to Jul 17, 2013 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
0 relationships from shared deals, counted for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
12 dated events
  1. Mar 21, 2022
    Chrysalis Ventures I, LP no longer reported on Form ADV by Chrysalis Ventures
    Fund no longer reportedFundsInferenceChrysalis Ventures I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Mar 31, 2020
    Chrysalis Affiliates Fund, LP first reported on Form ADV by Chrysalis Ventures (Venture Capital Fund), GAV $4,801,990
    Fund first reported on Form ADVFundsFactChrysalis Affiliates Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Jan 26, 2018
    Jeremy D Burtel (Vice President Of Finance) no longer on Schedule A of Chrysalis Ventures
    Person leftPeopleInferenceJeremy D BurtelSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Sep 28, 2016
    Koleman E Karlesky (Managing Director) no longer on Schedule A of Chrysalis Ventures
    Person leftPeopleInferenceKoleman E KarleskySEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Jul 17, 2013
    Lisa K Aly (Vp Finance And Administration) no longer on Schedule A of Chrysalis Ventures
    Person leftPeopleInferenceLisa K AlySEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Mar 30, 2012
    Chrysalis Ventures II, LP first reported on Form ADV by Chrysalis Ventures (Venture Capital Fund), GAV $212,280,483
    Fund first reported on Form ADVFundsFactChrysalis Ventures II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Mar 30, 2012
    Chrysalis Ventures first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  8. Mar 30, 2012
    Chrysalis Ventures (healthcare) III, LP first reported on Form ADV by Chrysalis Ventures (Venture Capital Fund), GAV $18,585,519
    Fund first reported on Form ADVFundsFactChrysalis Ventures (healthcare) III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  9. Mar 30, 2012
    Chrysalis Ventures III, LP first reported on Form ADV by Chrysalis Ventures (Venture Capital Fund), GAV $138,423,522
    Fund first reported on Form ADVFundsFactChrysalis Ventures III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  10. Mar 30, 2012
    Chrysalis Ventures I, LP first reported on Form ADV by Chrysalis Ventures (Venture Capital Fund), GAV $76,580,507
    Fund first reported on Form ADVFundsFactChrysalis Ventures I, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  11. Mar 30, 2012
    Chrysalis Ventures (ohio) III, LP first reported on Form ADV by Chrysalis Ventures (Venture Capital Fund), GAV $20,222,051
    Fund first reported on Form ADVFundsFactChrysalis Ventures (ohio) III, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  12. Aug 1, 2008
    Jeremy D Burtel joined Schedule A of Chrysalis Ventures as Vice President Of Finance
    Person joinedPeopleFactJeremy D BurtelSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $67M across 5 vehicles
Evidence
54 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserFeb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserFeb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-03-30Feb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-03-23Mar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-02-21Feb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2012-03-30Mar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Feb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone502-583-7644Mar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone502-583-7644Feb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Contact page urlhttps://www.chrysalisventures.com/contact
“contact page linked from the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionChrysalis Capital has invested in over 70 technology-enabled businesses across a variety of industries, including business services, communications, construction, education and corporate training, energy, government services, healthcare, human capital management, logistics, and media and entertainment. We seek companies led by proven operators in markets underserved by technology that have the potential to grow both organically, and through acquisition.
“meta description”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionChrysalis Capital has invested in over 70 technology-enabled businesses across a variety of industries, including business services, communications, construction, education and corporate training, energy, government services, healthcare, human capital management, logistics, and media and entertainment. We seek companies led by proven operators in markets underserved by technology that have the potential to grow both organically, and through acquisition.
“meta description”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersLouisville, KYMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersLouisville, KYFeb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address333 E. MAIN STREET, SUITE 304, Louisville, KY, 40202Mar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address333 E. MAIN STREET, SUITE 304, Louisville, KY, 40202Feb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formLimited Liability CompanyMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formLimited Liability CompanyFeb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.chrysalisventures.com/portfolio
“0 entries read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://www.chrysalisventures.com/portfolio
“0 entries read”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported5Mar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported5Feb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$28.3MMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$67.3MFeb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Stated sectorshealthcare,energy,edtech,logistics,media
“sector words on the home page”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Stated sectorshealthcare,energy,edtech,logistics,media
“sector words on the home page”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.chrysalisventures.com/team
“0 name/title pairs read”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.chrysalisventures.com/team
“0 name/title pairs read”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported5Mar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported5Feb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.CHRYSALISVENTURES.COMMar 23, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
WebsiteHTTP://WWW.CHRYSALISVENTURES.COMFeb 21, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleHome | Chrysalis Capital | Louisville KY
“title tag”
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleHome | Chrysalis Capital | Louisville KY
“title tag”
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)