Chrysalis Investments Limited (formerly Merian Chrysalis Investment Company Limited) is a Guernsey-domiciled, London-listed closed-ended investment trust providing growth capital to later-stage private UK and European companies with long-term growth potential. It targets innovative businesses with the potential to disrupt large addressable markets, retaining flexibility to support companies post-IPO.
53% of their portfolio is in Fintech. Average disclosed round size is $225.8M (across 13 rounds with reported amounts).
Portfolio
12
Fund Size
$130M
Top Stage
Series D
Last 12 Mo
0
Team
Stephen Coe
Senior Independent Director
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
17 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Graphcore | Series E | $600M | Jan 2024 |
 Smart Pension | Series A | $95M | May 2023 |
 Deep Instinct | Series D | $100M | Apr 2021 |
 Starling Bank | Growth | — | Mar 2021 |
 Klarna | Growth | $650M | Sep 2020 |
| Graphcore | Series D | $150M | Feb 2020 |
| EEngine By Starling | Unknown | — | Jan 2020 |
| Klarna | Unknown | $650M | Jan 2020 |
 Starling | Series D | — | Jan 2020 |
 Wefox | Series B | $110M | Dec 2019 |
| Starling Bank | Series C | — | Feb 2019 |
 Featurespace | Unknown | $32.9M | Jan 2019 |
| Graphcore | Series D | $200M | Dec 2018 |
| DDeep Instinct Raises $62.5 Million Financing | Unknown | $62.5M | — |
| Smart Pension | Series E | $95M | — |
| KKeystone by Smart | Series E | $95M | — |
 Smart Pension Limited | Series E | $95M | — |
Top Co-Investors
Barclays4 shared
Aquiline Capital Partners4 shared
M123 shared
BMW i Ventures3 shared
Sequoia Capital3 shared
Fidelity Investments3 shared
Molten Ventures2 shared
Samsung Catalyst Fund2 shared
Atomico2 shared
Robert Bosch Venture Capital2 shared
Amadeus Capital Partners2 shared
Sofina2 shared
Baillie Gifford2 shared
Unbound2 shared
Millennium Management2 shared
Qatar Investment Authority2 shared
TCV2 shared
Silver Lake2 shared
Last updated: 20 October 2026