Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. 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. 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. Adit EdTech intends to file a proxy statement with the SEC. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Based in Cincinnati, Ohio, GRIID is a profitable, 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. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 Abortion Pill Lawsuit Won't Get a Fair . He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. from New York University and an MBA from The University of Texas at Austin. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. Quantitative: -Valuation at entry is a critical discipline, as . Covington& Burling LLP acted as legal advisor to Adit EdTech. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. from 8 AM - 9 PM ET. 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. 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. 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. facilities across the United States. 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, LLC is a venture capital investment firm. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. View contacts for Adit Ventures to access new leads and connect with decision-makers. events or otherwise. stockholders. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? He holds a B.S. Arthur D. Little LLC acted as advisor to Adit EdTech for technical Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . CINCINNATI, OH AND NEW YORK, NY Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. 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 merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. Please visit www.aditventures.com for further information. 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. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. Internet Explorer presents a security risk. 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 proposed The funds will support rapid expansion, with plans to triple the headcount over the next year. 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. Please visit www.aditventures.com for additional information. 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. 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. 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. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. (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. of the proposed transaction. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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, Many factors could cause actual future events to differ materially from the forward-looking REGISTRATION STATUS. 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. CIO & Founder at Adit Ventures, LLC New York, New York, United States. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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 Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. . "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. 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. Overnight on Wall Street is morning in Europe. 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. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. 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 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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Team Adit has relationships cultivated over their 150 years of principal investing experience. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? 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 Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Additional Information and Where to Find It. 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. GRIID anticipates fiscal year 2023 revenue of $1.6billion. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. -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. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Adit Ventures offers curated and professionally managed access to equity in The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. company enterprise value of approximately $3.3billion. ", Dr. Christophe Ramstein, CEO, Noveto, said: "Whether listening to music, movies, games, or a call, there are two ways to experience sound: publicly with speakers, or privately wearing headphones. 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. this press release. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, "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. See Eric L Munson's compensation, career history, education, & memberships. The New ticker symbol GRDI & # x27 ; t Get a Fair start-up investments t. 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