Chrysalis Ventures

Chrysalis Ventures, established in 1993 and headquartered in Louisville, Kentucky, is a private equity firm that provides equity capital to early-stage and expansion-stage companies in the under-ventured Midwest and South regions. The firm primarily invests in healthcare services and technology, media and communications, and business services sectors. Chrysalis Ventures manages multiple funds, including Chrysalis Ventures I, II, and III, and is registered as an Investment Adviser.

Irving Bailey II

Managing Director

Irv Bailey

Managing Director

Douglas Cobb

Co-Founder and Entrepreneur-in-Residence

David Jones Jr.

Founder and President

Wright Steenrod

Partner

Richard Vance

Operating Partner

Past deals in Kentucky

BehaVR

Series B in 2022
BehaVR, LLC is a healthcare technology company founded in 2016 and based in Elizabethtown, Kentucky. The company specializes in developing digital therapeutics that leverage virtual reality to address behavioral health challenges, particularly in the context of chronic diseases. BehaVR's platform aims to enhance skills such as stress resilience, emotional regulation, and self-efficacy, enabling individuals to better manage their conditions, adhere to treatment plans, and ultimately improve their overall health outcomes. Through its innovative approach, BehaVR seeks to bridge the gap between behavioral health and chronic disease management.

Lucina

Seed Round in 2019
Lucina Health, Inc. is a data-driven enterprise software company that specializes in maternity analytics. The company provides a platform that aggregates and analyzes patient and population data in real-time, aimed at health plans, Medicaid providers, and public entities. Central to its offerings is Firefly, a platform designed to identify women at risk of preterm birth, typically within the first trimester, and to deliver personalized health improvement resources. Additionally, Lucina Health offers a companion mobile app that facilitates communication between patients and the Firefly platform, empowering women to take charge of their pregnancy. By focusing on early intervention and optimizing care management, Lucina Health aims to improve birth outcomes and foster healthier communities. Established in 2008 and based in Louisville, Kentucky, Lucina Health was formerly known as Cervilenz Inc. and rebranded in 2015. As of January 2020, the company operates as a subsidiary of Unified Women's Healthcare LLC.

Appriss

Seed Round in 1995
Appriss Inc. is a provider of software-as-a-service (SaaS) solutions focused on public safety, risk management, compliance, and health information in the United States. The company offers a range of products, including MobilePatrol, which connects users with their communities, and JusticeXchange, designed for law enforcement to track wanted individuals and create photo lineups. Additionally, Appriss provides CrashLogic for crash report management, VINE for crime victim notifications, and the National Precursor Log Exchange for tracking sales of certain medications. Their solutions also include RiskCheckNow for fraud detection, TrueCompliance for identifying non-compliance, and PMP AWARE for monitoring prescription drug distribution. Furthermore, Appriss operates various portals for police crash reports and offers ProviderSafe for healthcare credentialing. Founded in 1994 and headquartered in Louisville, Kentucky, Appriss serves clients in sectors such as insurance, healthcare, retail, and government agencies. The company was previously known as Interactive Systems, L.L.C. before rebranding in 2000.
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