Louisville, KY, July 19, 2010 – Wendy Jarchow, Director of Business Development – Upper Midwest — for Chrysalis Ventures, has been elected to the Ohio Venture Association’s Board of Trustees. She will serve a three-year term, effective immediately. Jarchow will sit on the Membership Committee, where her focus will be on promoting entrepreneurship and innovation by encouraging member involvement and participation.
Jarchow joined Chrysalis Ventures in March 2010 to drive 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, and invests primarily in early-and growth-stage healthcare and technology companies.
“Since the firm was founded over 17 years ago, Chrysalis has been committed to developing and promoting the thriving healthcare and technology start-up ecosystem in Mid-America,” said Koleman Karleski, managing director, Chrysalis Ventures. “Backing successful entrepreneurs of Ohio-based companies like CerviLenz, Construction Software Technologies, MedLab, and guiding Intelliseek and MindLeaders through successful exits has been extremely gratifying. We continue to see great opportunity and talent in Ohio.”
“We congratulate Wendy as she joins the Ohio Venture Association Board of Trustees and puts her energy and full support behind the Association’s efforts towards driving innovation in the state,” Karleski added.
About Chrysalis Ventures
Chrysalis Ventures manages one of Mid-America’s largest funds for early-stage and growth investments with approximately $400 million under management. Since 1993, the firm has invested in over 65 companies, primarily in the healthcare and technology sectors. With headquarters in Louisville, Kentucky, Chrysalis has offices in Cleveland, Pittsburgh, Ann Arbor and Houston. The firm seeks to partner with entrepreneurs to build enduring businesses in industries undergoing significant transformation. For more information, please visit www.chrysalisventures.com.
About the Ohio Venture Association
The Ohio Venture Association is a group of northeast Ohio business people dedicated to providing an atmosphere for the interchange of ideas on entrepreneurship, new ventures and venture capital. The Association provides a scheduled forum for this interchange. For more information, visit www.ohioventure.org.