Chrysalis Ventures Opens Michigan Office

LOUISVILLE, KY (May 15, 2008) — Chrysalis Ventures, a leading source of equity capital for young growth companies in the Midwest and South, today announced the opening of its latest office in Ann Arbor, Michigan. The firm, which was founded in 1993 and invests primarily in healthcare services and technology, media and communications, and business services, is headquartered in Louisville, Kentucky and has other offices in Cleveland, Ohio and Pittsburgh, Pennsylvania. In February 2008, Chrysalis Ventures announced the closing of its fourth fund at $163 million which included the Venture Michigan Fund as a new limited partner. Michigan investments from the firm’s prior funds include Ann Arbor-based HealthMedia, Inc. and Detroit-founded Asterand, plc. “Chrysalis has a proven history of identifying and investing in the best young companies in Middle America, an area historically overlooked by the financial community and therefore ‘under-ventured,’” said Koleman Karleski, Chrysalis Ventures managing director. “We have had great success working with Michigan-based companies in the past and have been impressed by the caliber of the management teams and resources available. We look forward to expanding our Michigan presence even more through our new office location.” Chrysalis Ventures is located at 130 South First Street, Ann Arbor, Michigan, 48104. Chrysalis investment professionals can be reached at (734) 864-0237. About Chrysalis Ventures Founded in 1993, Chrysalis Ventures is a leading source of equity capital for young growth companies in Middle America, the Midwest and South. Chrysalis invests primarily in early-stage and expansion-stage companies in healthcare services and technology, media and communications, and business services. Based in Louisville, Kentucky, Chrysalis has $375 million under management and has made investments in over 55 companies. For more information, please visit www.chrysalisventures.com