More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure, (xi)GRIIDs inability to implement its business plan or meet or exceed its financial projections, (xii)changes in from 8 AM - 9 PM ET. Along with opening a US office, the talent hires will help accelerate the delivery of Noveto's revolutionary first product. Mr. Cholak will be based out of Austin, Texas. Quantitative: -Valuation at entry is a critical discipline,. this press release. 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. 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. A family-owned firm with over a century of combined financial experience, were also a team of professionals committed to investments that create positive change. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and Adit Ventures is a late-stage venture capital firm with headquarters in NYC. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. 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 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. Arthur D. Little LLC acted as advisor to Adit EdTech for technical Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. the board of managers of GRIID Holdco. 1. Team Adit has relationships cultivated over their 175 years of principal investing experience. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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. These forward looking statements speak only as of the date of Adit Ventures, LLC is a venture capital investment firm. . this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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 themes, such as AI/ML, Big data, Cloud, Cybersecurity, Defense, Digital Healthcare, Fintech, IoT, focused on companies driving today's market and tomorrow's economy, Current sectors of interest include AI & Machine Learning, Big Data, Cybersecurity, Defense, Educational Technology, FinTech, Health Tech, IoT, Life Sciences, Media, Shared Economy and Space. Adit invests for growth. statements in this press release, including but not limited to: (i)the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Adit EdTechs securities, (ii)the risk that This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Adit's investment objective is 3x return of capital within a 3-5-year time frame. Please visit www.aditventures.com for further information. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. 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. 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 With an Adit late-stage venture capital fund, youre investing in tomorrows market. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? REGISTRATION STATUS. Adit EdTech is a publicly listed 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. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Principal Place of Business and Contact Information 3. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and the receipt of certain governmental and regulatory approvals, (iv)the lack of a third party valuation in When typing in this field, a list of search results will appear and be automatically updated as you type. CEO Trey Kelly, will continue to lead the business. -Profitability: A clear path to profitability is essential to any investment. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. ", 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. With the ability to tag and distinguish identical commodities and deploy preventative technologies, Aanika Re can provide coverage in areas that have been historically difficult to insure and potentially provide a cost savings on existing types of coverage. Monitor your investments 24 hours a day, around the clock from around the globe. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. Adit buys both primary and secondary shares on behalf of investors from a global network of relationships cultivated over their 100 years of principal investing experience. substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. 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. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. A proxy statement will be sent to all Adit EdTech Noveto Closes $10M Million Bridge Led by GoPro and Palantir investor, Adit Ventures, to Further Lead $20M A Round Jun 10, 2021 Report incorrect company information -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Adit Ventures is an investment 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. 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. The suit, which concerns the buying of Airbnb shares . and commercial due diligence. 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. Based in New York, he leads the operational, compliance and risk functions at Adit. "Jon's institutional top-decile performance record, combined with Adit Ventures existing top-quartile results, gives investors a choice of alternative investment options across the entire landscape" Munson added. "He adds both institutional caliber diligence experience & skills from the world's largest bank, as well as family office and boutique private equity knowledge"Munson added. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Registration on or use of this site constitutes acceptance of our. No one in the trillion dollar insurance market is looking at biology as a source of data commented, Vishaal Bhuyan co-founder and CEO of Aanika Biosciences. Mr. Block will be based out of Adit's headquarters in New York. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. The insurance industry is nothing new to Aanika, CEO Vishaal Bhuyan co-authored 3 books with FT Press and Wiley, on the use of insurance to address issues such as over-fishing, under-funded pensions and water scarcity. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? To learn more, visit griid.com. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect Active, Closed, This describes the type of investor this organization is (e.g. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. public bitcoin miners at the lowest cost of scaled production. Cision Distribution 888-776-0942 Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. 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. the combined company is expected to operate under the name GRIID 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. will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. 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. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. What We Do Who We Are Sell Your Options stockholders. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. -Profitability: A clear path to profitability is essential to any investment. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Mr. Lazear has also held various operational risk due diligence and consulting positions with FQS (Family Office) and Duff & Phelps where he established the operational risk due diligence practice. Issuer's Identity 2. TEL-AVIV, Israel, June 10, 2021 /PRNewswire/ -- Noveto Systems, today announced the successful completion of a bridge of $10 Million from renowned technology investorsAdit Ventures, a firm that has invested in some of the world's leading disruptive companies, with exits in GoPro, Spotify, Palantir and Lyft. -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. (Podcast). GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 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 themes, such as AI/ML, Big data, Cloud, Cybersecurity, Defense, Digital Healthcare, Fintech, IoT, focused on companies driving today's market and tomorrow's Additional Information and Where to Find It. 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. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Internet Explorer presents a security risk. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. the announcement or pendency of the transaction on GRIIDs business relationships, operating results, and business generally and on Adit EdTechs stock price, (vii)risks that the When typing in this field, a list of search results will appear and be automatically updated as you type. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, 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. Sanders LLP acted as legal advisor to GRIID. 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 stockholders. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. Adit's investment objective is 3x return of capital within a 3-5-year time frame. Abortion Pill Lawsuit Won't Get a Fair . GRIIDs existing management team, led by President and from 8 AM - 9 PM ET. Wells Fargo Securities LLC, acted as the Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. -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. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public 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. Please visit www.aditventures.com for further information. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. Adit EdTech intends to file a proxy statement with the SEC. Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and 20K followers 500+ connections. 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 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. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to He holds a B.S. 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. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. Please visit www.aditventures.com for further information. See how ADIT Ventures can give you access to your own late-stage investments, with potentially less risk than many early-stage start-up investments. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. facilities across the United States. ADIT Growth Equity Co - Invest LLC Series Magic - Adit Growth Equity Co - Invest, LLC - Series Airbn Adit Ventures raised a total of $150 K in funding over 1 rounds. Quantitative: -Valuation at entry is a critical discipline,. GRIIDs combination of a large events or otherwise. The investment follows Noveto's successfulKickstarter pre-sales campaign in February 2021, with backers from across the world pledging over $225k within only two weeks. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Please visit www.aditventures.com for future updates. 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. Adit Ventures offers curated and professionally managed access to equity in Adit has invested in some of the worlds leading companies with exits in Airbnb, Astrocast, Cytocom, DocSend, Forge, Lemonade, Lyft, Palantir, Riff Analytics, Robinhood, Snap, SoFi, Spotify and Welltok. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among private firms that the principals believe are driving todays market and shaping tomorrows economy. See how our funds let you invest in dynamic, sustainable private businesses that strive to lead the way to a better and more productive world. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. 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. please contact. general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after the completion of the proposed from New York University and an MBA from The University of Texas at Austin. The actual results or developments anticipated may not be realized or, even if Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. 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