Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. 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. The suit, which concerns the buying of Airbnb shares . 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 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. 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. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. "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. -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? 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. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. transaction, and identify and realize additional opportunities. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit invests across the entire lifecycle. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. 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. Covington& Burling LLP acted as legal advisor to Adit EdTech. The actual results or developments anticipated may not be realized or, even if 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. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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. $525million credit facility will be used to fund GRIIDs growth and accelerate scale. stockholders. company enterprise value of approximately $3.3billion. 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 SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. 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. This press 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 Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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. 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. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. potential, predict, seek, should, would or by variations of such words or by similar expressions. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Arthur D. Little LLC acted as advisor to Adit EdTech for technical Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. "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. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Based in Cincinnati, Ohio, GRIID is a profitable, 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 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. 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. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. 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 events or otherwise. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. To learn more, visit griid.com. 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 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. CIO & Founder at Adit Ventures, LLC New York, New York, United States. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. When typing in this field, a list of search results will appear and be automatically updated as you type. University of Oxford - Said Business School . Managing Director - Co-Founder, Adit Genesis. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Principal Place of Business and Contact Information 3. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. GRIIDs combination of a large 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. from 8 AM - 9 PM ET. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. Adit EdTech intends to file a proxy statement with the SEC. Adit Ventures Profile and History . CINCINNATI, OH AND NEW YORK, NY Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Adit Ventures offers curated and professionally managed access to equity in Quantitative: -Valuation at entry is a critical discipline,. Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. 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. private firms that the principals believe are driving todays market and shaping tomorrows economy. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Adit invests for growth. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. 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. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. 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). Active, Closed, This describes the type of investor this organization is (e.g. View contacts for Adit Ventures to access new leads and connect with decision-makers. 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. 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. Upon completion of the proposed transaction. A leading venture capital investment firm based in New York City. 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. 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 This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. Overnight on Wall Street is morning in Europe. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. Cision Distribution 888-776-0942 What We Do Who We Are Sell Your Options 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. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public 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. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing 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. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect 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 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. against Adit EdTech related to the merger agreement or the proposed transaction, (ix)the ability to maintain the listing of Adit EdTechs securities on a national securities exchange, (x)the price of Adit EdTechs securities, 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. View latest Form ADV filed. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. 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 Growth Equity Co - Invest LLC Series Esme. 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. 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. internal and wireless security testing and assessment. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. Markets never sleep, and neither does Bloomberg News. 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 -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? -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no 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. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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. Matthew D. Brown of Cooley has entered an appearance for Meno Holdings SPV LP and Adit Ventures LLC in a pending breach-of-contract lawsuit. 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. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . Invest with us, sell your private shares, and learn more about working with Adit Ventures. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. facilities across the United States. Please visit www.aditventures.com for future updates. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 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. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. -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. 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. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. Adit Ventures, LLC is a venture capital investment firm. 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 differ materially from those projected in the forward-looking statements. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. These forward looking statements speak only as of the date of Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . REGISTRATION STATUS. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. Mr. Block will be based out of Adit's headquarters in New York. 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. 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 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

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