Chrysalis Ventures

Chrysalis Capital, also known as Chrysalis Ventures, is a Louisville, Kentucky-based investment firm that has invested for 25 years in technology-enabled businesses. It partners with talented management teams, applying technology and its own expertise to build enduring value, with a particular interest in the middle of the country, including the Midwest and Southeast. The firm invests across business services, communications, construction, education and corporate training, energy, government services, healthcare, human capital management, logistics, and media and entertainment. It targets companies led by proven operators in markets underserved by technology that can grow organically and through acquisition. It prefers established businesses with $1 million to $10 million in EBITDA, and early-stage and expansion-stage companies with at least $1 million in revenue. Seed investments are rare. The firm also backs roll-ups in fragmented industries, using strong platforms to acquire smaller, less efficient competitors. Chrysalis acts as a hands-on partner, supporting acquisitions, business development, operations, strategy, and technology adoption. Its expertise centers on predictive analytics and workforce-empowering technologies, and it looks for rising executives to take larger roles when founders choose to exit.