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Venture Capital
ardesta.com

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Investments

25

Portfolio Exits

6

Funds

1

About Ardesta LLC

Ardesta was formed in October 2000, when it raised almost $100 million in private funding. Ardesta had since established itself as the leader in commercializing Small Tech products. Ardesta served as the bridge between the universities/research laboratories involved in cutting edge basic research and the customers searching for product solutions that Small Tech can provide. In that role, Ardesta created five Small Tech start-up companies (many involving technology licensed from universities) and had invested in a number of early stage companies focusing on Small Tech's role in next generation products for the areas of Communications, Energy, Environmental Safety/Security, and Medical Diagnostics and Treatment.Ardesta developed strong relationships with over a dozen premier Small Tech research institutions. The relationships provide Ardesta with access to key intellectual property, the top specialists in the field, and an inside view as to the direction of the technology and industry.Ardesta also established one of the world's largest networks of intellectual capital focused on Small Tech, with experienced management and technical resources and a world-class technical advisory board.

Ardesta LLC Headquarter Location

201 South Main Street

Ann Arbor, Michigan, 48104,

United States

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Latest Ardesta LLC News

Wilson family’s $1.4 billion Buffalo Bills sale to benefit Detroit

Oct 7, 2014

Ralph Wilson, Grosse Pointe Shores resident and Buffalo Bills owner, dies at 95 The Wilson family’s 55-year ownership of the Buffalo Bills came to an end on the field Sunday with the NFL team edging the Detroit Lions 17-14. Fitting it ended in Detroit because the late Ralph Wilson was once a minority owner of the Lions, and ran his business empire from Grosse Pointe Shores. Wilson died March 25 at age 95 at his Grosse Pointe Shores home . He founded the Bills in 1959 for $25,000, and at the same time co-founded the American Football League. The AFL merged with the NFL in 1970. The Bills are being sold by Wilson’s estate for $1.4 billion to Buffalo Sabres owners Terry and Kim Pegula, and the league’s team owners are expected to give unanimous approval of the ownership transfer on Wednesday. It was Wilson’s wish that the team be sold, and other bidders included Donald Trump and a group fronted by rock star Jon Bon Jovi. The Pegulas eventually outbid them. Forbes in August had estimated the team to be worth $935 million, slightly behind the Lions’ $960 million value estimate. Wilson’s estate has earmarked the money from the Bills’ sale benefit the Grosse Pointe Farms-based Ralph Wilson Foundation. The foundation does philanthropic and charity work in metro Detroit and the Buffalo area, and the money will be spent only in those two areas, according to The Buffalo News. Specifics on how the money will be distributed haven’t been disclosed. A Columbus, Ohio, native, Wilson was inducted into the Pro Football Hall of Fame in 2009 and was the NFL’s longest-tenured owner at the time of his death. Wilson previously owned 2.5 percent of the Lions, according to a Buffalo News story in 2009. He also owned the Grosse Pointe Park-based investment firm Ralph Wilson Equity Fund LLC. That fund was among the original investors in Ardesta LLC, a venture capital company co-founded in 2000 by Michigan Gov. Rick Snyder. Wilson’s donations funded a number of charities and medical centers, along with the $2.5 million, 10,000-square-foot Ralph C. Wilson Jr. Pro Football Research and Preservation Center at the hall of fame in Canton, Ohio, in 2011. The Bills’ home venue, Ralph Wilson Stadium in Orchard Park, N.Y., is named for him. The team won the 1964 and 1965 AFL championships, and lost the Super Bowl four consecutive times from 1990 to 1993. Wilson used his fortune to keep the struggling AFL afloat in the early 1960s, reportedly going so far as to loan the rival Oakland Raiders $400,000 in 1961. The AFL lost $1.4 million in its first three years, the Buffalo newspaper reported him as saying. Topics in this article: Sports

Ardesta LLC Investments

25 Investments

Ardesta LLC has made 25 investments. Their latest investment was in Discera as part of their Series E on January 1, 2013.

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Ardesta LLC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/5/2013

Series E

Discera

$12.12M

No

1

7/15/2010

Series D - III

Discera

$10M

No

1/14/2010

Series D - II

Discera

$7.8M

No

1/6/2010

Series G

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$99M

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0

10/24/2008

Series C

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$99M

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0

Date

1/5/2013

7/15/2010

1/14/2010

1/6/2010

10/24/2008

Round

Series E

Series D - III

Series D - II

Series G

Series C

Company

Discera

Discera

Discera

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Amount

$12.12M

$10M

$7.8M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

1

0

0

Ardesta LLC Portfolio Exits

6 Portfolio Exits

Ardesta LLC has 6 portfolio exits. Their latest portfolio exit was Discera on September 03, 2013.

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

9/3/2013

Acquired

$99M

1

9/28/2011

Acquired

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$99M

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0

10/5/2010

Acquired

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$99M

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10

10/24/2009

Acquired

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$99M

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10

3/18/2008

Acquired

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$99M

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0

Date

9/3/2013

9/28/2011

10/5/2010

10/24/2009

3/18/2008

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

0

10

10

0

Ardesta LLC Fund History

1 Fund History

Ardesta LLC has 1 fund, including Ardesta Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/25/2000

Ardesta Fund

Multi-Stage Venture Capital

Closed

$100M

1

Closing Date

10/25/2000

Fund

Ardesta Fund

Fund Type

Multi-Stage Venture Capital

Status

Closed

Amount

$100M

Sources

1

Ardesta LLC Team

5 Team Members

Ardesta LLC has 5 team members, including current Founder, Owner, Richard D. Snyder.

Name

Work History

Title

Status

Steve Johns

Founder

Current

Richard D. Snyder

Founder, Owner

Current

Chris Rizik

Chief Executive Officer

Current

Steve J Richvalsky

Chief Financial Officer

Former

Steve J Richvalsky

Chief Financial Officer

Former

Name

Steve Johns

Richard D. Snyder

Chris Rizik

Steve J Richvalsky

Steve J Richvalsky

Work History

Title

Founder

Founder, Owner

Chief Executive Officer

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Current

Former

Former

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