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Venture Capital
adenaventures.com

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Investments

17

Portfolio Exits

2

Funds

1

About Adena Ventures

Adena Ventures is focused on seed to late stage investments and prefers to invest in information technology, life sciences (biotechnology), sporting and recreational goods, healthcare, and food processing companies. Geographically, Adena seeks to invest primarily in Southeastern Ohio, West Virginia and portions of Kentucky and Maryland. Adena Ventures typically invests between $0.2 and $2 million in seed to expansion-stage deals. The firm also makes late stage investments provided the annual revenues are above $10 million for the potential investment target.

Adena Ventures Headquarter Location

20 Circle Lane

Athens, Ohio, 45701-7235,

United States

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Adena Ventures Investments

17 Investments

Adena Ventures has made 17 investments. Their latest investment was in Platelet BioGenesis as part of their Series A on May 5, 2017.

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Adena Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/31/2017

Series A

Platelet BioGenesis

$10M

Yes

3

11/8/2010

Series C

Mersive Technologies

$2.2M

No

7/21/2009

Series E - II

Emergent Game Technologies

$1.9M

No

2/23/2009

Series E

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$99M

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10

12/19/2008

Series B

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$99M

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0

Date

5/31/2017

11/8/2010

7/21/2009

2/23/2009

12/19/2008

Round

Series A

Series C

Series E - II

Series E

Series B

Company

Platelet BioGenesis

Mersive Technologies

Emergent Game Technologies

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Amount

$10M

$2.2M

$1.9M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

3

10

0

Adena Ventures Portfolio Exits

2 Portfolio Exits

Adena Ventures has 2 portfolio exits. Their latest portfolio exit was BestTransport on August 21, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/21/2019

Acquired

$99M

2

1/16/2018

Acq - Fin

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$99M

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10

Date

8/21/2019

1/16/2018

Exit

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

2

10

Adena Ventures Fund History

1 Fund History

Adena Ventures has 1 fund, including Adena Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2002

Adena Ventures

Early-Stage Venture Capital

Closed

$34M

1

Closing Date

12/31/2002

Fund

Adena Ventures

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$34M

Sources

1

Adena Ventures Team

3 Team Members

Adena Ventures has 3 team members, including current President, Lynn Gellerman.

Name

Work History

Title

Status

David C. Wilhelm

Founder

Current

Lynn Gellerman

President

Current

Lynn Gellermann

President

Current

Name

David C. Wilhelm

Lynn Gellerman

Lynn Gellermann

Work History

Title

Founder

President

President

Status

Current

Current

Current

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