Please visit www.aditventures.com for further information. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. 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 . from 8 AM - 9 PM ET. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among 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. Troutman Pepper Hamilton 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. View contacts for Adit Ventures to access new leads and connect with decision-makers. Join to view profile Adit Ventures, LLC. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. 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. www.sec.gov. 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. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . 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 Cision Distribution 888-776-0942 Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. 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. Our team has demonstrated a track record of successful execution over the past three years since starting the company, and we look forward to delivering expansion of capacity through 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 this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. 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. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. 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. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. 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. 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. 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 Biosciences, inc. Aanika Res mandate is to leverage the microbial tagging technology developed by Aanika Biosciences, as well as a broader swath of biological innovations, to prevent, identify and mitigate various risks in the food and agricultural industries. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. Additional Information and Where to Find It. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). 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. Quantitative: -Valuation at entry is a critical discipline,. 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. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. 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. 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 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. 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! Internet Explorer presents a security risk. internal and wireless security testing and assessment. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Markets are changing, and investments are too. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 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. from New York University and an MBA from The University of Texas at Austin. Adit's investment objective is 3x return of capital within a 3-5-year time frame. When typing in this field, a list of search results will appear and be automatically updated as you type. 20K followers 500+ connections. Many factors could cause actual future events to differ materially from the forward-looking San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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 Mr. Block will be based out of Adit's headquarters in New York. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 Adit Ventures is an investment Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of 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. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . 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. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. stockholders. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. The insurance industry is nothing new to Aanika, CEO Vishaal Bhuyan co-authored 3 books with FT Press and Wiley, on the use of insurance to address issues such as over-fishing, under-funded pensions and water scarcity. 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. regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure, (xi)GRIIDs inability to implement its business plan or meet or exceed its financial projections, (xii)changes in The actual results or developments anticipated may not be realized or, even if 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. investments that create positive change. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to the board of managers of GRIID Holdco. Genesis will focus primarily on early-stage software companies with an emphasis on selecting proven founders and market-ready technologies in industries poised for meaningful growth. Quantitative: -Valuation at entry is a critical discipline,. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. 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. 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. 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. 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.. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. 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. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? Securities Act. University of Oxford - Said Business School . Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. Overnight on Wall Street is morning in Europe. . statements in this press release, including but not limited to: (i)the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Adit EdTechs securities, (ii)the risk that 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. 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. financial advisor to Adit EdTech for capital markets and M&A advisory services. Principal Place of Business and Contact Information 3. 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. Invest with us, sell your private shares, and learn more about working with Adit Ventures. 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. Adit's investment objective is 3x return of capital within a 3-5-year time frame. 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 Adit EdTech is a publicly listed The landscape for markets and investments is constantly evolving. Said Eric Munson, Founder & CIO of Adit Ventures. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and With an Adit late-stage venture capital fund, youre investing in tomorrows market. Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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