Rene Savelsberg pitches the investment strategy of Chrysalix SET
Ecosummit TV: Rene Savelsberg pitches the investment strategy of Chrysalix SET at ECO13 London. The Amsterdam-based smart green VC was founded in 2007 and invests in technology companies that are in the early growth stage and have a sustainable impact on the future use of energy. As their first SET Fund I of €40M is fully allocated, Rene and his general partners (GPs) are raising their second SET Fund II targeting €100M. This fund size enables a larger portfolio and management team as well as investing more capital per startup in multiple follow-on rounds without dilution. VCs typically want to increase rather than decrease their position in the best performing startups in their portfolio.
Chrysalix SET’s current fundraising efforts benefit from the 2011 exit of Epyon to ABB which resulted in the fast distribution of the first returns to their limited partners (LPs). The 3 portfolio companies that joined ECO13 London are Sefaira, Microshade and Luxexcel. Similar to Ecosummit, Chrysalix SET also believes that smart solutions applying software and the internet to optimise sustainability are the key driver of their portfolio and fund performance.
The ECO13 London presentation slides of Rene are available as PDF.
Tags: ABB, Amsterdam, Chrysalix SET, Cleantech VC, Craig Douglas, ECO13 London, Ecosummit London 2013, Ecosummit TV, Epyon, Exit, Investment Strategy, LUXeXcel, Microshade, Rene Savelsberg, Sefaira, Smart Green VC, Sustainable Energy