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innovationvalleypartners.com

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Investments

26

Portfolio Exits

7

Funds

2

About Innovation Valley Partners

Innovation Valley Partners (IVP) is the $35-million affiliate fund of Battelle Ventures, L.P., a $220-million national fund that invests in early-stage technology companies nationwide, in the areas of energy & environment, security and health & life sciences. As the Battelle Ventures' affiliate, IVP proportionately participates in each Battelle Ventures' investment and is seeking companies that could solve a key problem in large, growing markets; that have solid technology as a barrier to entry; and that have management teams with experience in addressing their target markets. Ideally, the core technology will have a connection to ORNL or another facility that Battelle Memorial Institute aims to manage or co-manages. With these three new investments, the funds now have five investments across the country in a spectrum of energy technologies, including solar, fuel cells, energy storage and energy efficiency. Besides Aldis, Ampulse and Planar Energy Devices, other portfolio companies in the energy sector are SmartSynch, a wireless-smart-metering technology company based in Jackson, Miss., and Superprotonic, a fuel-cell-materials company in Pasadena, Calif.

Innovation Valley Partners Headquarters Location

10702 Murdock Road

Knoxville, Tennessee, 37932,

United States

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Latest Innovation Valley Partners News

Hepregen forges R&D partnership with Hamner Institutes of Health

Aug 6, 2013

Hepregen Corp., which has developed a micro-liver used in testing, has teamed up with the Hamner Institutes of Health Sciences on a research and development deal. Backed by Battelle Venture Partners and Innovation Valley Partners, the Bedford, Mass.-based company will work with the nonprofit organization on how to best use Hepregen’s micro-liver products in new applications and assay methodologies. Hepregen’s HepatoPac platform combines microfabrication and tissue engineering technologie

Innovation Valley Partners Investments

26 Investments

Innovation Valley Partners has made 26 investments. Their latest investment was in Proterro as part of their Unattributed VC on December 12, 2012.

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Innovation Valley Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/18/2012

Unattributed VC

Proterro

$3.5M

Yes

1

10/18/2011

Series B

Ampulse

$7.3M

No

3/17/2011

Series B

BioNano Genomics

$23.3M

No

1

2/11/2011

Unattributed VC - III

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$99M

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10

2/10/2010

Series C

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$99M

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0

Date

12/18/2012

10/18/2011

3/17/2011

2/11/2011

2/10/2010

Round

Unattributed VC

Series B

Series B

Unattributed VC - III

Series C

Company

Proterro

Ampulse

BioNano Genomics

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Amount

$3.5M

$7.3M

$23.3M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

10

0

Innovation Valley Partners Portfolio Exits

7 Portfolio Exits

Innovation Valley Partners has 7 portfolio exits. Their latest portfolio exit was GRIDSMART on January 02, 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

1/2/2019

Acquired

$99M

2

8/21/2018

IPO

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$99M

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10

11/6/2015

Merger

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$99M

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10

4/10/2012

Acquired

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$99M

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0

2/16/2012

Acquired

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$99M

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10

Date

1/2/2019

8/21/2018

11/6/2015

4/10/2012

2/16/2012

Exit

Acquired

IPO

Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

0

10

Innovation Valley Partners Fund History

2 Fund Histories

Innovation Valley Partners has 2 funds, including Institutional Venture Partners XV LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/23/2015

Institutional Venture Partners XV LP

Late-Stage Venture Capital

Closed

$1,400M

1

8/17/2005

Innovation Valley Partners

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$99M

10

Closing Date

4/23/2015

8/17/2005

Fund

Institutional Venture Partners XV LP

Innovation Valley Partners

Fund Type

Late-Stage Venture Capital

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Status

Closed

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Amount

$1,400M

$99M

Sources

1

10

Innovation Valley Partners Team

2 Team Members

Innovation Valley Partners has 2 team members, including current General Partner, Glenn Kline.

Name

Work History

Title

Status

Glenn Kline

Battelle Ventures, and Giant Semiconductor

General Partner

Current

Tracy Warren

Astarte Ventures, Battelle Ventures, Early Stage Enterprises, GE Capital, SG Cowen, and Chemical Financial Corporation

General Partner

Current

Name

Glenn Kline

Tracy Warren

Work History

Battelle Ventures, and Giant Semiconductor

Astarte Ventures, Battelle Ventures, Early Stage Enterprises, GE Capital, SG Cowen, and Chemical Financial Corporation

Title

General Partner

General Partner

Status

Current

Current

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