Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. 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 differ materially from those projected in the forward-looking statements. -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 foregoing list of factors is not exhaustive. 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. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. "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. The device is smart assistant compatible, seamlessly connecting to your smart home network. Quantitative: -Valuation at entry is a critical discipline,. These forward looking statements speak only as of the date of Why? Quantitative: -Valuation at entry is a critical discipline,. 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. 1. 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. He received a B.B.A in Finance and Marketing from Hofstra University and M.B.A in Finance from Baruch College's Zicklin School of Business. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. 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 pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean Adit EdTech is a publicly listed 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 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. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, Adit Ventures commits a further $10 million, and . NEW YORK, July 22, 2021 /PRNewswire/ --Eric Lazear joined Adit Ventures as Chief Operating Officer and a member of the Management Committee, as well as a member of Adit's Valuation Committee. What We Do Who We Are Sell Your Options -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. Markets are changing, and investments are too. GRIID supports the growth of carbon-free energy generation by procuring low-cost energy to build, manage, and operate its portfolio of vertically integrated bitcoin mining facilities. Please visit www.aditventures.com for further information. 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. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, Covington& Burling LLP acted as legal advisor to Adit EdTech. 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 invests across the entire lifecycle. -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 uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. The landscape for markets and investments is constantly evolving. 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. The actual results or developments anticipated may not be realized or, even if 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. 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 . 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. 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. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. View latest Form ADV filed. Arthur D. Little LLC acted as advisor to Adit EdTech for technical (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? Michael Block, a well-known market strategist and corporate advisor, has joined Adit Ventures, a New York late stage venture capital investment firm focused on companies driving today's market and tomorrow's economy, as Special Advisor. The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTechs Overnight on Wall Street is morning in Europe. -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 desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Adit Ventures is a family-office owned investment firm with offices in California, Florida, New York, Texas, Utah and Washington D.C. 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. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. 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. No offer of securities shall be made except by means of a prospectus meeting the requirements of the 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 Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. Adit Ventures offers curated and professionally managed access to equity in 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. 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. A leading venture capital investment firm based in New York City. 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. He brings decades of institutional experience and industry knowledge to Adit's growing team of 16 professionals" said Eric Munson, Founder & CIO of Adit Ventures. New York, New York, United States 11-50 Family Investment Office, Secondary Purchaser, Venture Capital Early Stage Venture, Late Stage Venture, Secondary Market www.aditventures.com 6,552 Highlights Funds 3 Investments 24 When typing in this field, a list of search results will appear and be automatically updated as you type. Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. Sanders LLP acted as legal advisor to GRIID. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. 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. 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. 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. With an Adit late-stage venture capital fund, youre investing in tomorrows market. employees/investors seeking liquidity. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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 has invested in some of the world's leading companies with exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Spotify, Snap and Lyft. 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. 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.. please contact. Adit Ventures is an investment Please visit www.aditventures.com for future updates. 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. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? company enterprise value of approximately $3.3billion. Adit EdTechs CFO, Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. 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 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. 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. Join to view profile Adit Ventures, LLC. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving today's market and shaping tomorrow's economy. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. (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. He holds a B.S. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. 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. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. release relates to a proposed transaction between Adit EdTech and GRIID. ADIT Growth Equity Co - Invest LLC Series Esme. 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. 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. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Based in New York, he leads the operational, compliance and risk functions at Adit. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. nce. Based in Cincinnati, Ohio, GRIID is a profitable, University of Oxford - Said Business School . substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. 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. Please visit www.aditventures.com for further information. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. 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. 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. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company When typing in this field, a list of search results will appear and be automatically updated as you type. -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? Here's a list of some of the top trending technologies and APIs used by Adit Ventures. In its practice statements contained in the global economy where they see dynamic areas of.... Filed with the SEC early-stage start-up investments as advisor to Adit Ventures uses a investment... 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