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Venture Capital
appianvc.com

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Investments

51

Portfolio Exits

13

Funds

1

About Appian Ventures

Appian invests in software and technologies that improve business performance through the application and management of network connectivity.

Appian Ventures Headquarter Location

1512 Larimer Street Suite 200

Denver, Colorado, 80202,

United States

303.830.2450

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Latest Appian Ventures News

Closes $8 Million Series B Round; Proceeds Fund Further Development of ReaderWare(TM), Embedded RFID Reader Technology, and Expansion of Sales and Marketing Teams

Jul 29, 2014

August 23, 2005 09:00 AM Eastern Daylight Time BOULDER, Colo.--( BUSINESS WIRE )--Aug. 23, 2005--SkyeTek, Inc. today announced the close of its Series B financing, led by existing investor Appian Ventures and new investors Palomar Ventures and Sequel Venture Partners. Proceeds from the round will fund further research and development of its flagship ReaderWare(TM) suite, and significantly expand its sales and marketing reach. ReaderWare is an open-architected software suite that unlocks the traditionally black-box nature of RFID reader hardware. ReaderWare is available for both HF and UHF reader designs, including the SkyeTek M8 UHF reader module and its M1 series of HF reader modules. ReaderWare enables SkyeTek to work with OEM customers across all the stages of embedding RFID reader functionality, from the developer kit, through modules, to an integrated reference design and software license. "By creating a modular and horizontal platform that mitigates the cost and complexity of RFID reader hardware, SkyeTek and ReaderWare are a disruptive model for enabling the application of RFID technology to a far more varied set of vertical markets and customer problems," said Brian Garrett, a principal with Palomar Ventures and newly appointed director at SkyeTek. "SkyeTek is a revenue-stage company with a proven CEO at the helm and a true RFID visionary driving research and development," said Tom Washing, Partner at Sequel Venture Partners and newly appointed director at SkyeTek. "SkyeTek has made impressive progress to date in terms of customer wins and product development and this round will help them expand their opportunity and accelerate their efforts. " "The attention and much of the investment going into RFID has focused on the retail and military supply chains where RFID is leveraged similar to barcodes," said Mike Liard, RFID Practice Director, Venture Development Corporation. "While the supply chain opportunity is significant and interesting, the industry should also be looking beyond it to identify additional areas of growth. For instance, RFID is expected to expand into a wide range of embedded applications and environments where users consider low power, ease of integration, and the customizability of horizontal reader technologies to be critical. " "The closure of this financing represents both an acknowledgement of SkyeTek's current leadership position, which was achieved with limited financial resources, as well as a confirmation of our future potential," said Rob Balgley, CEO of SkyeTek. ReaderWare 1.0 is available immediately as a licensed development platform for new and existing OEM reader designs or for use with SkyeTek's small footprint, low power, Tagnostic(TM) reader reference designs. For more information on SkyeTek, Inc. or ReaderWare, visit www.skyetek.com or call 720-565-0441. About SkyeTek, Inc. SkyeTek, Inc., maker of ReaderWare(TM), is the leading supplier of RFID reader software and reference designs that enable the pervasive application of RFID technology. SkyeTek's Tagnostic (TM) reader technology works with most industry standard tags and smart labels, its low power requirements and a small form factor make it the optimal choice for embedding into new or existing RFID products. SkyeTek's RFID reader technology is available in several formats including reader modules, hardware reference designs, and the ReaderWare(TM) software suite. SkyeTek markets to OEM customers in targeted vertical markets with several high-volume licensing options available. SkyeTek is based in Boulder, Colo. For more information about SkyeTek, visit www.skyetek.com or call 720-565-0441. Contacts

Appian Ventures Investments

51 Investments

Appian Ventures has made 51 investments. Their latest investment was in Ping Identity as part of their Growth Equity on September 9, 2014.

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Appian Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/18/2014

Growth Equity

Ping Identity

$35M

No

8

7/16/2013

Series E

Ping Identity

$44M

No

3

9/17/2012

Debt - III

mPay Gateway

$0.15M

No

12/7/2011

Convertible Note

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$99M

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0

8/16/2011

Series B - II

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$99M

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10

Date

9/18/2014

7/16/2013

9/17/2012

12/7/2011

8/16/2011

Round

Growth Equity

Series E

Debt - III

Convertible Note

Series B - II

Company

Ping Identity

Ping Identity

mPay Gateway

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Amount

$35M

$44M

$0.15M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

8

3

0

10

Appian Ventures Portfolio Exits

13 Portfolio Exits

Appian Ventures has 13 portfolio exits. Their latest portfolio exit was Univa on September 14, 2020.

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

9/14/2020

Acquired

$99M

4

12/4/2018

Acq - Fin

$99M

2

1/26/2017

Acquired

$99M

1

6/1/2016

Acq - Fin

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$99M

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10

12/18/2015

Acquired

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$99M

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10

Date

9/14/2020

12/4/2018

1/26/2017

6/1/2016

12/18/2015

Exit

Acquired

Acq - Fin

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

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Sources

4

2

1

10

10

Appian Ventures Fund History

1 Fund History

Appian Ventures has 1 fund, including Appian Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/15/2004

Appian Ventures I

Early-Stage Venture Capital

Closed

$80M

1

Closing Date

4/15/2004

Fund

Appian Ventures I

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$80M

Sources

1

Appian Ventures Team

5 Team Members

Appian Ventures has 5 team members, including current Founder, Managing Director, Don Parsons.

Name

Work History

Title

Status

Don Parsons

Centennial Ventures, Frontenac, and IBM

Founder, Managing Director

Current

Stacey Mckittrick

Managing Director

Current

Christopher C Onan

Wolf Ventures

Managing Director

Current

Mark Soane

Managing Director

Current

Phillip Dignan

Roser Ventures

Managing Director

Former

Name

Don Parsons

Stacey Mckittrick

Christopher C Onan

Mark Soane

Phillip Dignan

Work History

Centennial Ventures, Frontenac, and IBM

Wolf Ventures

Roser Ventures

Title

Founder, Managing Director

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

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