Chrysalis Ventures Announces the Addition of Two Team Members

Louisville, KY, March 30, 2010 – Chrysalis Ventures is pleased to announce the addition of two senior professionals to the firm. Janesse (Jan) Thaw Bruce is the new Executive-in-Residence and Wendy Jarchow joins the team as Director of Business Development – Upper Midwest based in the Cleveland office.

As Executive-in-Residence, Ms. Thaw Bruce is responsible for evaluating new business opportunities and assisting current portfolio companies in both the technology and healthcare sectors. In her role, Ms. Jarchow will support Chrysalis’ business development efforts throughout Ohio, Michigan and Pennsylvania.

Chrysalis Ventures is a leading source of equity capital for young, growing companies in Mid-America. Chrysalis invests primarily in early-and growth-stage Healthcare and Technology companies. Chrysalis has approximately $400 million under management and has invested in over 65 companies.

“Jan’s and Wendy’s expertise are sure to be valuable assets to the Chrysalis team,” said David A. Jones, Jr., chairman and managing director, Chrysalis Ventures. “Jan’s extensive experience building and running successful businesses will allow us to strengthen our focus on helping entrepreneurs bring their innovations to market. Wendy’s financial services expertise and strong network in the upper Midwest expands and deepens our geographic footprint.”

Ms. Thaw Bruce most recently served as Managing Director at Martha Stewart Living Omnimedia, of body+soul magazine. During her previous role as CEO of New Age Publishing, Jan led body+soul through its turn-around and rebranding efforts and subsequently sold the company to Martha Stewart Living Omnimedia in 2003. She then ran the publication post-acquisition until 2009. Prior to that, she was also CEO and co-founder of Integrative Medicine Communications, a pioneer digital content development and licensing company, and CEO and Publisher of Walking Magazine which was sold to Cowles Media Publishing Group. Jan is a graduate of Smith College and Radcliffe College Publishing Procedures Program. She lives with her husband and two children in Waban, MA.

Prior to joining Chrysalis, Ms. Jarchow spent 14 years in the financial services industry in both Chicago and Cleveland. Most recently, she founded a consulting practice in Chicago, to assist entrepreneurs with expanding their businesses with strategic planning, marketing, sales and communications initiatives. Previously, she worked for ABN AMRO Bank/LaSalle Bank in Chicago as a marketing and e-solutions officer in their foreign exchange and derivatives group, and for Ohio-based C&T Access Ventures as an investment associate.

About Chrysalis Ventures

Founded in 1993, Chrysalis Ventures manages one of Mid-America’s largest funds for early-stage and growth investments with approximately $400 million under management. Focused on partnering with entrepreneurs to build enduring businesses in industries undergoing significant transformation, Chrysalis has invested in over 65 companies primarily in the Healthcare and Technology sectors. Headquartered in Louisville, KY, Chrysalis has offices in Cleveland, Pittsburgh and Ann Arbor. For more information, please visit www.chrysalisventures.com.