-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? Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 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. Featuring a depth camera, AI-based built-in face tracking, voice recognition, advanced microphones, and sensors, the device enables a simple and intuitive personalized experience - a benchmark for the future of smart living. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. A leading venture capital investment firm based in New York City. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. -Profitability: A clear path to profitability is essential to any investment. 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 . Sanders LLP acted as legal advisor to GRIID. Quantitative: -Valuation at entry is a critical discipline,. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. When typing in this field, a list of search results will appear and be automatically updated as you type. Internet Explorer presents a security risk. GRIIDs combination of a large Please visit www.aditventures.com for further information. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . 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 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. please contact. Our Portfolio of Private Stocks | Adit Ventures OUR PORTFOLIO OF PRIVATE STOCKS CLICK ON THE COMPANIES IN OUR PORTFOLIO BELOW TO ACCESS OUR RESEARCH FOR EACH COMPANY! Team Adit has relationships cultivated over their 175 years of principal investing experie nce. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. 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. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, CINCINNATI, OH AND NEW YORK, NY substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. Based in Cincinnati, Ohio, GRIID is a profitable, 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 offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . AUSTIN, Texas, June 11, 2020 /PRNewswire/ -- Seasoned venture investor and software professional Jon Cholak has joined Adit Ventures, a leading, family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. internal and wireless security testing and assessment. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and the board of managers of GRIID Holdco. Overnight on Wall Street is morning in Europe. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. When typing in this field, a list of search results will appear and be automatically updated as you type. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Please visit www.aditventures.com for further information. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. 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. Many factors could cause actual future events to differ materially from the forward-looking Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. from 8 AM - 9 PM ET. 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. 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. CEO Trey Kelly, will continue to lead the business. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining Mr. Block is known as an expert on macroeconomics, global markets, and alternative investments and advises a wide variety of global institutional clients and fiduciaries. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. filed with the SEC on April15, 2021. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Adit invests for growth. Invest with us, sell your private shares, and learn more about working with Adit Ventures. Join to view profile Adit Ventures, LLC. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. -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? To learn more, visit griid.com. Quantitative: -Valuation at entry is a critical discipline,. Adit Ventures serves clients in the United States. determining whether or not to pursue the proposed transaction, (v)the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi)the effect of. REGISTRATION STATUS. Please visit www.aditventures.com for additional information. 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 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "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. special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Please visit www.aditventures.com for future updates. Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under GRIIDs existing management team, led by President and which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. employees/investors seeking liquidity. 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 Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). 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. Issuer's Identity 2. stockholders. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. 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. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. Based in New York, he leads the operational, compliance and risk functions at Adit. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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 He holds a B.S. Cision Distribution 888-776-0942 Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Adit Ventures is an investment Adit's investment objective is 3x return of capital within a 3-5-year time frame. He continued: It is rare to find compelling technology coupled with a difficult to replicate market strategy, which is what I believe Aanika has here. InnovationInstitute. 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. Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. Before J.P. Morgan, he was the COO and CCO for IAM (International Asset Management) where he oversaw all activity as well as the operational risk due diligence process. With an Adit late-stage venture capital fund, youre investing in tomorrows market. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. 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.. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. -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. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Mr. Cholak will be based out of Austin, Texas. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. We are really excited about Aanika and this opportunity, said Jon Cholak Partner and Co-Chief Investment Officer of Adit Ventures and Aanika board member. Adit Ventures is an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. -Profitability: A clear path to profitability is essential to any investment. 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. The suit, which concerns the buying of Airbnb shares . Here's a list of some of the top trending technologies and APIs used by Adit Ventures. 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 Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. Principal Place of Business and Contact Information 3. Prior to this, Mr. Block spent over ten years in various leadership roles in trading, research, and strategy at various alternative investment firms including Sandell Asset Management and Magnetar Capital, and he began his career in Investment Banking at Donaldson, Lufkin & Jenrette. 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. from New York University and an MBA from The University of Texas at Austin. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. and commercial due diligence. 1. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. What We Do Who We Are Sell Your Options Monitor your investments 24 hours a day, around the clock from around the globe. financial advisor to Adit EdTech for capital markets and M&A advisory services. 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. from 8 AM - 9 PM ET. Securities Act. 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. 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 Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, 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 Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. University of Oxford - Said Business School . 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. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. -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? the combined company is expected to operate under the name GRIID Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Descriptive keyword for an Organization (e.g. 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. 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