Canadian VC Chrysalix to invest €100M in Dutch robotics fund RoboValley

The Canadian VC Chrysalix Venture Capital together with RoboValley (a business and research network in robotics from technical university TU Delft) and the TU Delft Robotics Institute have created a 100 million euro fund to accelerate startups in robotics.

The so called RoboValley Fund is aimed to bring ideas from the Delft area to market as soon as possible to become leading in the worldwide ecosystem, said RoboValley director Arie van den Ende to Het Financieele Dagblad.

Van den Ende expects the money will be spent in two years. By then he also expects Dutch investors to join. Chrysalix is said to inject another 300 million euro by then.

"Many breakthrough technologies are stranded in universities and national labs with insufficient early-stage funding available to help them commercialize and scale," said Mike Sherman, Managing Partner of the fund in a press release. "Global technology in robotics is advancing very quickly yet today there is no international pure-play venture capital fund focused on robotics."

Last month the Danish robotics company Blue Ocean Robotics set up shop in the Delft area.

Image by IgorSuassuna @ Pixabay