-Profitability: A clear path to profitability is essential to any investment. 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. 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 as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. 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. 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. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. 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. 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. 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. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. 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. 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). (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 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. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? 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. 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. 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. We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. Team Adit has relationships cultivated over their 150 years of principal investing experience. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Please visit www.aditventures.com for further information. 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 an employee owned and operated asset management firm headquartered in New York. Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. 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. Please visit www.aditventures.com for additional information. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 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. the combined company is expected to operate under the name GRIID of the proposed transaction. InnovationInstitute. Adit Ventures offers curated and professionally managed access to equity in Why Its So Hard for China to Shake the Uninvestable Tag, Adani Told Creditors It Got $3B Loan From Sovereign Fund: Rtrs, ECB Should Reach Terminal Rate by September at Latest, Villeroy Says, Swedish Bankruptcies Rise as Lower Consumption Hits Retailers, UK House Prices Slide at Sharpest Annual Pace Since 2012, Billionaire Mittals Airtel Africa to Boost Spending 14% in 2023, Teslas Mexico Plant to Require $5 Billion Investment: Official, Twitch Streamer Kai Cenat Breaks Platforms Subscription Record, Citigroup Clients Are Shifting Supply Chains Away from China, Bain Capital Ventures Closes $1.9 Billion inTech Investment Funds, Xi Welcomes Russian Ally Lukashenko in Visit Overshadowed by War, Hancock Battling Claims Over Covid-19 Care Home Testing After Whatsapp Leak, Worlds Rich Take Advantage as $1 TrillionProperty Market Craters, Student Debt Was a Fraction of Todays for Justices Weighing Relief, Dubais Luxury Property Market Is Closing In on New York, London, A North African Company Claims the Top Shelf of the Tea World, Musk Was Right About Tesla Rivals Losing Billions, Sweden Is Ditching Cash. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Upon completion of the proposed transaction. 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. A leading venture capital investment firm based in New York City. 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. Wells Fargo Securities LLC, acted as the GRIIDs combination of a large Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? With an Adit late-stage venture capital fund, youre investing in tomorrows market. 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. 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. and commercial due diligence. No offer of securities shall be made except by means of a prospectus meeting the requirements of the For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, 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. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? 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. 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. 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. Internet Explorer presents a security risk. Please visit www.aditventures.com for further information. 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. Just Wait for the Fallout, From Chips to TikTok, Gina Raimondo Is at the Center of Bidens China Policy, Russian Airlines Are Still Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, BNP Ordered to Pay A Banker Fired Years After Alleged Sexual Harassment, A New Era of Books Helps Black Workers Navigate Corporate America, EU Strikes Landmark Deal to Fight Greenwashing in Bond Market, Singapore Fund Seeks $125 Million for Stoves in India, Kenya, Richest Atlanta District Inches Closer to Seceding From City, NYCs Shadow TransitNetwork SeeksaGreenerFuture, Kansas Citys $1.5 Billion Airport Renovation Spurs Hopes for Business Boom, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? 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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. 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. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. 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. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Adit invests across the entire lifecycle. this press release. Abortion Pill Lawsuit Won't Get a Fair . 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 potential transaction and Adit Ventures commits a further $10 million, and . Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Arthur D. Little LLC acted as advisor to Adit EdTech for technical At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. company enterprise value of approximately $3.3billion. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. 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. 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