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. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? A family-owned firm with over a century of combined financial experience, were also a team of professionals committed to investments that create positive change. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. 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. Please visit www.aditventures.com for further information. 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? Managing Director - Co-Founder, Adit Genesis. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain -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. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. 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. -Profitability: A clear path to profitability is essential to any investment. We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. stockholders. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? 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 This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, 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. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. 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. The actual results or developments anticipated may not be realized or, even if Adit Ventures offers curated and professionally managed access to equity in 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 has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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. redemptions of shares of Adit EdTech by its public stockholders and approximately $125million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525million secured credit facility with Blockchain.com). The device is smart assistant compatible, seamlessly connecting to your smart home network. financial advisor to Adit EdTech for capital markets and M&A advisory services. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. facilities across the United States. 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. 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. CEO Trey Kelly, will continue to lead the business. 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. 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 . 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. 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! Based in Cincinnati, Ohio, GRIID is a profitable, Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. The landscape for markets and investments is constantly evolving. stockholders. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. ADIT Growth Equity Co - Invest LLC Series Esme. BROOKLYN, N.Y.--(BUSINESS WIRE)--Adit Ventures, a global venture capital firm with over $400 million in AUM, has agreed to seed Aanika Re, a Bermuda-based insurance vehicle wholly owned by Aanika . Markets are changing, and investments are too. Adit Ventures Profile and History . Adit EdTech also will file other documents regarding the proposed transaction with the SEC. of the proposed transaction. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 this press release. InnovationInstitute. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. -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? -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Internet Explorer presents a security risk. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Cision Distribution 888-776-0942 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, Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company 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. -Profitability: A clear path to profitability is essential to any investment. Adit invests across the entire lifecycle. 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. 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. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public CIO & Founder at Adit Ventures, LLC New York, New York, United States. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. When typing in this field, a list of search results will appear and be automatically updated as you type. -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? Adit Ventures enjoys a history of top-decile performance in early-stage ventures Adit Ventures leverages a broad network of LPs, advisors, and syndicate partners Learn how the Adit Genesis team selects investments, understand the target investment sectors and learn more about the team's performance history. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and 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. 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. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. 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 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. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Monitor your investments 24 hours a day, around the clock from around the globe. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant 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 Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . 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. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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 EdTechs CFO, During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. potential, predict, seek, should, would or by variations of such words or by similar expressions.
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