Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. The landscape for markets and investments is constantly evolving. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? stockholders. Based in New York, he leads the operational, compliance and risk functions at Adit. stockholders. nce. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors?-Does the business adhere to fundamental ESG principles with character and integrity in its practice? GRIID anticipates fiscal year 2023 revenue of $1.6billion. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Founded in 2018 and headquartered in Cincinnati, Ohio, GRIID has secured one of the largest and lowest-cost power pipelines in the industry with a focus on carbon-free generation partners. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or (Podcast). University of Oxford - Said Business School . Not only does Adit believe these sectors provide the best opportunity for capital appreciation, but also that they enable the firm to make a positive impact on the world by advancing innovation and improving quality of life. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing Overnight on Wall Street is morning in Europe. Adit EdTech intends to file a proxy statement with the SEC. substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. (November 30, 2021) Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of He currently serves as Market Strategist for Third Seven Capital LLC, a New York investment bank that focuses on connecting early stage growth companies with institutional and high net worth investors. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . This allows the firm to capture more value by pushing investment entry before inflection points of growth and enhances the firms visibility and breadth of deal flow across the venture landscape. Securities Act. Prior to joining Adit Ventures, Mr. Lazear was an Executive Director at J.P. Morgan, where he managed a team that worked with alternative funds, throughout their life cycle, providing advisory services to COOs, CFOs and General Partners specializing in due diligence, operational infrastructure, operational risk management, and policies and procedures. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Mr. Cholak will be based out of Austin, Texas. Monitor your investments 24 hours a day, around the clock from around the globe. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since it provides Access, Diligence, Insight and works with Trusted partners across the United States and around the world. A proxy statement will be sent to all Adit EdTech Please visit www.aditventures.com for further information. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Contact:Julie Klugmaninfo@adit.vcwww.aditventures.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Plus500. please contact. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Internet Explorer presents a security risk. He will also chair the firm's Advisory Board which comprises a diverse group of experts providing thought leadership and counsel to Adit and its investors across a variety of areas and themes. To learn more, visit griid.com. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? -Does the business adhere to fundamental ESG principles with character and integrity in its practice? BROOKLYN, N.Y.--(BUSINESS WIRE)--Adit Ventures, a global venture capital firm with over $400 million in AUM, has agreed to seed Aanika Re, a Bermuda-based insurance vehicle wholly owned by Aanika Biosciences, inc. Aanika Res mandate is to leverage the microbial tagging technology developed by Aanika Biosciences, as well as a broader swath of biological innovations, to prevent, identify and mitigate various risks in the food and agricultural industries. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, redemptions of shares of Adit EdTech by its public stockholders and approximately $125million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525million secured credit facility with Blockchain.com). In making investment decisions, Adit seeks to capitalize on long-term secular trends and themes in the global economy where we see dynamic areas of growth. Adits ability to source and offer these exclusive opportunities to the firms investor-partners stems from the global network of relationships the team has developed over their 150+ years of combined investment experience. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. NEW YORK, Dec. 12, 2019 /PRNewswire/ --Well known market strategist and advisor Michael Block has joined Adit Ventures, a leading late stage venture capital investment firm, as Special Advisor to work with the principals to grow the firm's market footprint and investment expertise. stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. ", Dr. Christophe Ramstein, CEO, Noveto, said: "Whether listening to music, movies, games, or a call, there are two ways to experience sound: publicly with speakers, or privately wearing headphones. Please visit www.aditventures.com for future updates. It is in these sectors Adit sees the best opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a healthy return on our invested capital in alignment with their investors & principles. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit Ventures, LLC is a venture capital investment firm. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? from 8 AM - 9 PM ET. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Adit Ventures serves clients in the United States. www.sec.gov. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. Please visit www.aditventures.com for future updates. An "Adit" is an entrance to a mine, serving as an acronym for Adit's services, providing Access, Diligence, Insight and works with Trusted partners across the United States and around the world. Create a portfolio thats built for the future, with investments focused on cultural and technological trends that have the potential to define the next financial generation. It is in these sectors Adit sees the best opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a healthy return on our invested capital in alignment with their investors & principles. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. Quantitative: -Valuation at entry is a critical discipline,. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Such statements are not guarantees of future performance and actual results or developments may MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Adit's investment objective is 3x return of capital within a 3-5-year time frame. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, A dit EdTech Acquisition, a blank check company formed by Adit Ventures targeting the education sector, raised $240 million by offering 24 million units at $10. Team Adit has relationships cultivated over their 150 years of principal investing experience. The company was founded in 2018 by Vishal Bhuyan and Dr. Ellen Jorgensen and has raised nearly $20 million in venture financing to date from notable investors such as Adit Ventures, Draper Associates and Plug and Play Ventures. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. from 8 AM - 9 PM ET. Adit manages early-stage and late-stage venture capital funds, selectively investing in dynamic, high-growth sectors like AI/Big Data, Cloud, Critical Infrastructure, Cybersecurity, EdTech, FinTech, HealthTech, Internet of Things, New Media & Entertainment and Space. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Jan 11, 2021 4:02PM EST. Adit EdTechs CFO, Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. events or otherwise. At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving todays market and shaping tomorrows economy. These forward looking statements speak only as of the date of -Profitability: A clear path to profitability is essential to any investment. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. Said Eric Munson, Founder & CIO of Adit Ventures. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and potential, predict, seek, should, would or by variations of such words or by similar expressions. Adit seeks to capitalize on long-term secular trends in the global economy where we see dynamic growth, opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a robust return on our invested capital in alignment with investors principles. A family-owned firm with over a century of combined financial experience, we're also a team of professionals committed to investments that create positive change. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. financial advisor to Adit EdTech for capital markets and M&A advisory services. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Please visit www.aditventures.com for further information. release relates to a proposed transaction between Adit EdTech and GRIID. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. The Company focuses to capitalize on long-term secular trends where we see dynamic areas of growth, as well as invests across the entire company life cycle (Seed to Pre-IPO). Eric Munson co-founded ADIT Ventures in 2014 at the request of family offices seeking to obtain shares in select late-stage venture-backed growth companies. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? CINCINNATI, OH AND NEW YORK, NY documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Abortion Pill Lawsuit Won't Get a Fair . The device prototype, capable of beaming pockets of sound outside the listener's ears without the need for speakers or headphones and with minimal disturbance to people nearby, firstdebuted in November 2020, receiving global media acclaim. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. Family Investment Office, Secondary Purchaser, Venture Capital, Early Stage Venture, Late Stage Venture, Secondary Market, Edit Lists Featuring This Company Section, East Coast Companies With Less Than $500M in Revenue (Top 10K), City of New York Companies With Less Than $1B in Revenue (Top 10K), Early Stage Venture Investors Family Investment Offices. The current bridge investment is made as part of the company's Series A fundraising to be further led by Adit Ventures to raise an additional $20 Million by year-end. In this role, Mr. Block will work with the investment and client teams to continue to grow Adit's footprint in providing investment opportunities in market leading private companies to institutional and high net worth investors worldwide. Genesis will focus primarily on early-stage software companies with an emphasis on selecting proven founders and market-ready technologies in industries poised for meaningful growth. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? TEL-AVIV, Israel, June 10, 2021 /PRNewswire/ -- Noveto Systems, today announced the successful completion of a bridge of $10 Million from renowned technology investors Adit Ventures, a firm. 20K followers 500+ connections. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, When typing in this field, a list of search results will appear and be automatically updated as you type. the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. -Revenue growth rate drives future valuation, so is a key element to Adit.-Margins and cash flows are vital to an enterprise's success, and drive valuation.-Scalability of business across various markets is a big factor in the valuation of any business. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. It is in these sectors Adit sees the best opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a healthy return on our invested capital in alignment with their investors & principles. It is in these sectors Adit sees the best opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a healthy return on our invested capital in alignment with their investors & principles. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among InnovationInstitute. Founded in 2014, Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, five offices across the US, and exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Snap, and Lyft. Mr. Cholak will also serve as a member of Adit's Investment, Research & Valuation Committees, as well as leading Adit Genesis, the early-stage research & technology investment platform within Adit. He added traceability is at the heart of three main catalysts: 1) climate changes, which could lead to a significant rise in food safety issues 2) FDA rules on traceability which are coming into effect within 24 months and 3) ESG compliance for public companies.. NEW YORK, March 30, 2021 /PRNewswire/ -- Adit Ventures is proud to announce its latest offering, Adit Genesis I, LP led by Managing Director Jon Cholak. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . He writes daily on global markets and is a frequent expert panelist on networks like CNBC, Fox Business, Fox News, CNN, and Bloomberg, and is cited frequently by publications and websites like CNNMoney.com, Barron's, the Wall Street Journal, and the Washington Post. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. ADIT Growth Equity Co - Invest LLC Series Esme. When typing in this field, a list of search results will appear and be automatically updated as you type. Related Persons Relationship: X Executive Officer Director Promoter Clarification of Response (if Necessary): Manager of Adit Growth Equity Co-Invest, LLC, a Delaware series limited liability company Relationship: X Executive Officer X Director X Promoter Adit has invested in some of the world's leading companies with exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Spotify, Snap and Lyft. Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? Markets are changing, and investments are too. A leading venture capital investment firm based in New York City. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. BROOKLYN, N.Y.--(BUSINESS WIRE)--Adit Ventures, a global venture capital firm with over $400 million in AUM, has agreed to seed Aanika Re, a Bermuda-based insurance vehicle wholly owned by Aanika . Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. investments that create positive change. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Principal Place of Business and Contact Information 3. Adit Ventures is a family-office owned Venture Capital Investment advisor with 9 professionals, identifying companies with strong business fundamentals, investing alongside long-term secular. Markets never sleep, and neither does Bloomberg News. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. stockholders. His 35 years of experience spans alternative asset management, corporate finance, mutual funds, private equity & venture capital having built, developed & managed 18 different funds, while raising assets in excess of $20b over the past 25 . This follows previous fundraising rounds during which the company has generated close to $25 Million with the consistent support of the Brecht Jammer family office and SAIC Fund. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Our team has demonstrated a track record of successful execution over the past three years since starting the company, and we look forward to delivering expansion of capacity through Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. They may not have the expected consequences to or effects on GRIID, adit EdTech and.. Best overall experience on our website, we recommend the latest versions of governance! Ventures management LLC Dolan and Eva Kaili have notable involvement with blockchain companies blockchain... Proposed transaction between adit EdTech for accounting and tax due diligence and quality of assessment. ( GRIID Holdco LLC ( GRIID Holdco ), Operating Status of organization e.g speaks at global... 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