Adena Ventures

Adena Ventures is a venture capital firm based in Athens, Ohio, that provides equity capital and operational support to high-growth companies, with a focus on the Appalachian region. The firm backs growth-oriented ventures across multiple stages and industries, including information technology, healthcare, life sciences, manufacturing, food products, and sporting and recreational sectors. Its principals bring decades of experience in venture capital, financial services, strategy, and company operations to help portfolio companies accelerate growth and scale.

David Wilhelm Ph.D

Founder

8 past transactions

Emergent Game Technologies

Series E in 2009
Emergent Game Technologies, Inc., established in 2000, specializes in developing tools and technologies for interactive entertainment. The company's primary product is Gamebryo, a cross-platform middleware solution that enables game developers to build, test, and manage interactive games across various platforms, including next-generation consoles like PlayStation 3 and Xbox 360. Emergent has strategic alliances with notable industry players such as Acquire, Autodesk, and SOFTIMAGE|XSI. The company operates globally with offices in Calabasas (California), Chapel Hill (North Carolina), Austin (Texas), London (UK), Tokyo (Japan), China, and Korea.

Mersive Technologies

Series B in 2009
Mersive Technologies provides wireless media streaming and collaboration software for corporate, education, and government markets. Its Solstice platform enables multiple users to share content to a single display from computers, tablets, and phones without cables, while Solstice Dashboard helps IT monitor and manage Solstice deployments across a network; Solstice Discovery Services supports secure click-to-connect discovery, and Kepler is a cloud-based service that monitors meeting rooms and analyzes space usage. The company offers its solutions as licensed software or Solstice Pods and serves customers through a network of authorized resellers. Based in Denver, Colorado, Mersive aims to transform meeting spaces into collaborative environments that boost productivity and decision making.

Emergent Game Technologies

Series D in 2007
Emergent Game Technologies, Inc., established in 2000, specializes in developing tools and technologies for interactive entertainment. The company's primary product is Gamebryo, a cross-platform middleware solution that enables game developers to build, test, and manage interactive games across various platforms, including next-generation consoles like PlayStation 3 and Xbox 360. Emergent has strategic alliances with notable industry players such as Acquire, Autodesk, and SOFTIMAGE|XSI. The company operates globally with offices in Calabasas (California), Chapel Hill (North Carolina), Austin (Texas), London (UK), Tokyo (Japan), China, and Korea.

GamePlan Technologies

Series A in 2006
GamePlan Technologies and it flagship platform GP SIFT, has been providing video editing systems to higher education institutions since 2002. As a rapidly growing provider of innovative digital video analysis and archiving software, the company invests over $1 million annually in research and development. GP SIFT is a modular Software Asset Management Solution that captures, categorizes, distributes, modifies, archives and creates a search engine of the digital assets it can connect to or import. In the sports spectrum, where GamePlan initially began its platform development, the company provides state of the art digital video and data analysis solutions, service and support programs for high schools to professional sports organizations.

Butterfly.net

Series C in 2004
Butterfly.net, Inc., is a provider of software, tools and infrastructure for the video game and military simulation industries announced that Geoffrey T. Selzer has been appointed Chief Executive Officer. A media specialist with a background in production, design and finance, Selzer will lead Butterfly.net's senior management team.

Emergent Game Technologies

Series C in 2004
Emergent Game Technologies, Inc., established in 2000, specializes in developing tools and technologies for interactive entertainment. The company's primary product is Gamebryo, a cross-platform middleware solution that enables game developers to build, test, and manage interactive games across various platforms, including next-generation consoles like PlayStation 3 and Xbox 360. Emergent has strategic alliances with notable industry players such as Acquire, Autodesk, and SOFTIMAGE|XSI. The company operates globally with offices in Calabasas (California), Chapel Hill (North Carolina), Austin (Texas), London (UK), Tokyo (Japan), China, and Korea.

Vested Health

Venture Round in 2003
Vested Health is a specialized firm focused on Consumer Directed Health Plans (CDHPs). They offer independent design, implementation, and third-party administration services for various CDHP types such as Health Reimbursement Arrangements (HRAs), Retiree HRAs, Flexible Spending Accounts (FSAs), and Health Savings Accounts (HSAs). Vested Health's unique platform empowers employers and individuals to manage their healthcare expenses effectively.

Butterfly.net

Series B in 2002
Butterfly.net, Inc., is a provider of software, tools and infrastructure for the video game and military simulation industries announced that Geoffrey T. Selzer has been appointed Chief Executive Officer. A media specialist with a background in production, design and finance, Selzer will lead Butterfly.net's senior management team.
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