Chrysalis Ventures Sees Innovation & Growth Opportunity in Indiana’s Tech Industry



Wendy Jarchow to discuss the state’s start-up ecosystem at TechPoint’s 2010 Innovation Summit

Louisville, KY, October 26, 2010Wendy Jarchow, Director of Business Development – Upper Midwest at Chrysalis Ventures, will participate as a panelist at TechPoint’s 2010 Innovation Summit on October 27 at the Indiana Convention Center in Indianapolis.  Wendy will join three other panelists to discuss the current state of Indiana’s technology industry and whether sufficient capital is available to entrepreneurs to grow their businesses.

“The technology industry in Indiana certainly has evolved over the years,” said Jarchow.  “Venture capitalists are taking notice and seeing sophisticated entrepreneurs with promising innovations and very scalable businesses.  Chrysalis recently invested $1.1 million in Achieve, CCA, an Evansville company.”

Achieve, CCA, is a provider of debt management services to healthcare patients.  This service helps people who are struggling to pay their medical bills create a personalized budget that incorporates their credit card bills and other debt.  Achieve makes medical services more affordable to consumers and reduces bad debt costs to providers.

Jarchow will be joined by Steve Hourigan, Managing Director of the State of Indiana’s 21st Century Fund; Ray Leach, CEO of Jumpstart, Inc.; Kristian Andersen, President of Kristian Anderson + Associates.  The panel will be moderated by David Castor, an attorney with Alerding Castor Hewitt.

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.