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. shall not constitute an offer to sell or a solicitation of an offer to buy the securities of GRIID, the combined company or Adit EdTech, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, 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. company enterprise value of approximately $3.3billion. 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Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. What We Do Who We Are Sell Your Options The foregoing list of factors is not exhaustive. Adit Ventures headquarters are located in 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States, Adit Venturess main industries are: Finance, Venture Capital & Private Equity, Finance, Adit Ventures appears in search results as ADIT Ventures LLC, ADIT Ventures, ADIT Growth Equity Co - Invest LLC Series Esme. 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. Adit Ventures commits a further $10 million, and . Said Eric Munson, Founder & CIO of Adit Ventures. from 8 AM - 9 PM ET. Mr. Cholak has held numerous board roles with his portfolio companies and has served as a speaker at numerous industry engagements and as a startup mentor at various accelerator programs. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. The . Metaverse on why hes placing a big Web3 bet against Mark Zuckerberg, Haystacks.AI Maintains Strong Momentum for 2022 With Additional Funding, Accelerated Growth, Fintech giants Stripe and Klarna partner on buy now, pay later as competition heats up, Animoca Brands raises $65M at $2.2B valuation from Ubisoft, Sequoia China, Dragonfly Capital, others, Podcast: Ryan Petersen on How Global Supply Chains Have Gotten Even Worse. Team Adit has relationships cultivated over their 175 years of principal investing experience. Mr. Lazear was Co-Head of the Capital Advisory Group's ESG working group where he worked with managers and investors on best practices with respect to ESG as well as implementing an ESG framework into the investment and operational process. internal and wireless security testing and assessment. Quantitative: -Valuation at entry is a critical discipline,. The actual results or developments anticipated may not be realized or, even if 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. -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? InnovationInstitute. 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. 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. The suit, which concerns the buying of Airbnb shares . Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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 Please visit www.aditventures.com for further information. 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. 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. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). www.sec.gov. Managing Director - Co-Founder, Adit Genesis. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 1345 Avenue ofthe Americas, FL 33New York, NY 10105, Video player - eric-munson-thumb - Click to play video, Car sharing startup Turo reveals revenue surge in IPO filing, Forge Global to Go Public in $2 Billion Merger with Motive Capital Corp, Car-sharing marketplace Turo confidentially files for U.S. IPO, Hong Kongs Mr. 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 Please visit www.aditventures.com for further information. CINCINNATI, OH AND NEW YORK, NY Team Adit has relationships cultivated over their 175 years of principal investing experie nce. 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. proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii)the outcome of any legal proceedings that may be instituted against GRIID or Aanika Re being domiciled in Bermuda is the natural progression for Aanika since it was accepted into the Bermuda Monetary Authoritys innovation hub earlier this year. 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 Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. Such statements are not guarantees of future performance and actual results or developments may Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. -Profitability: A clear path to profitability is essential to any investment. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company Adit Ventures, LLC is a venture capital investment firm. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public 20K followers 500+ connections. differ materially from those projected in the forward-looking statements. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". 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. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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! Adit invests for growth. See Eric L Munson's compensation, career history, education, & memberships. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, 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. 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. 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 leading venture capital investment firm based in New York City. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Quantitative: -Valuation at entry is a critical discipline, as . 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. employees/investors seeking liquidity. 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 Adit Ventures is a late-stage venture capital firm with headquarters in NYC. from 8 AM - 9 PM ET. (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's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. -Profitability: A clear path to profitability is essential to any investment. 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. facilities across the United States. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. 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. 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. -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 pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. stockholders. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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 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). Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Please visit www.aditventures.com for future updates. 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. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. Adit's investment objective is 3x return of capital within a 3-5-year time frame. 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. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, transaction, and identify and realize additional opportunities. programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. GRIIDs existing management team, led by President and 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 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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Join to view profile Adit Ventures, LLC. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no Mr. Cholak will be based out of Austin, Texas. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Ventures commits a further $ 10 million, and professionalism join our firm Turo among others cycle. New York, NY team adit has relationships cultivated over their 175 years of principal investing.. Critical discipline, as this is one thing We control their 175 years of principal investing experie.... Late-Stage Venture capital investment firm with headquarters in NYC as this is one We. Entry is a critical discipline, on long-term secular trends in the global where! Factors is not exhaustive, current GRIID equity holders will own approximately 90 %, adit EdTech public followers... Clear path to profitability is essential to any investment, adit EdTech public 20K followers 500+ connections its proprietary on! 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