Investments
17Portfolio Exits
2Funds
1About 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 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.
Adena Ventures Investments Activity
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 | |||||
12/19/2008 | Series B |
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 | ||
Amount | $10M | $2.2M | $1.9M | ||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 3 |
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 | 2 | |||
Date | 8/21/2019 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 2 |
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 , .
Name | Work History | Title | Status |
|---|---|---|---|
David C. Wilhelm | Founder | Current | |
Name | David C. Wilhelm | ||
|---|---|---|---|
Work History | |||
Title | Founder | ||
Status | Current |
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