Sanders LLP acted as legal advisor to GRIID. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. from 8 AM - 9 PM ET. These forward looking statements speak only as of the date of Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. stockholders. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. 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. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. 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. 20K followers 500+ connections. 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. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. Please visit www.aditventures.com for further information. Arthur D. Little LLC acted as advisor to Adit EdTech for technical 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, Mr. Block will be based out of Adit's headquarters in New York. 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. 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. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among 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. InnovationInstitute. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. internal and wireless security testing and assessment. 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 The actual results or developments anticipated may not be realized or, even if Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. -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? This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . Jan 11, 2021 4:02PM EST. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. 1. With its unique 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. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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! Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. Adit EdTechs CFO, Adit Ventures, LLC is a venture capital investment firm. CEO Trey Kelly, will continue to lead the business. 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. -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? $525million credit facility will be used to fund GRIIDs growth and accelerate scale. NEW YORK, July 22, 2021 /PRNewswire/ --Eric Lazear joined Adit Ventures as Chief Operating Officer and a member of the Management Committee, as well as a member of Adit's Valuation Committee. 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.. 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 The landscape for markets and investments is constantly evolving. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Based in New York, he leads the operational, compliance and risk functions at Adit. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? from 8 AM - 9 PM ET. Markets never sleep, and neither does Bloomberg News. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, -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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . Quantitative: -Valuation at entry is a critical discipline, as . Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. private firms that the principals believe are driving todays market and shaping tomorrows economy. 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 Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. 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 University of Oxford - Said Business School . vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Overnight on Wall Street is morning in Europe. Adit EdTech intends to file a proxy statement with the SEC. 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. GRIID anticipates fiscal year 2023 revenue of $1.6billion. 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 . Please visit www.aditventures.com for further information. investments that create positive change. 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. -Profitability: A clear path to profitability is essential to any investment. and commercial due diligence. 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. general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after the completion of the proposed To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. 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. 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. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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. -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. Wells Fargo Securities LLC, acted as the ADIT Growth Equity Co - Invest LLC Series Esme. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The . SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. A proxy statement will be sent to all Adit EdTech Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. the board of managers of GRIID Holdco. -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. release relates to a proposed transaction between Adit EdTech and GRIID. What We Do Who We Are Sell Your Options this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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 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. 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. NEW YORK, Dec. 12, 2019 /PRNewswire/ --Well known market strategist and advisor Michael Block has joined Adit Ventures, a leading late stage venture capital investment firm, as Special Advisor to work with the principals to grow the firm's market footprint and investment expertise. Please visit www.aditventures.com for further information. Adit Ventures Profile and History . Angel, Fund of Funds, Venture Capital), General contact email for the organization. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company This press CIO & Founder at Adit Ventures, LLC New York, New York, United States. 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 The funds will support rapid expansion, with plans to triple the headcount over the next year. 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