Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of -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? Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Quantitative: -Valuation at entry is a critical discipline,. from 8 AM - 9 PM ET. 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. 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. 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. 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. pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean With an Adit late-stage venture capital fund, youre investing in tomorrows market. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. transaction, and identify and realize additional opportunities. stockholders. 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. ADIT Growth Equity Co - Invest LLC Series Esme. Quantitative: -Valuation at entry is a critical discipline, as . -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? financial advisor to Adit EdTech for capital markets and M&A advisory services. -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. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. A proxy statement will be sent to all Adit EdTech 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. Please visit www.aditventures.com for additional information. 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. stockholders. Sanders LLP acted as legal advisor to GRIID. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. this press release. 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. 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. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Team Adit has relationships cultivated over their 175 years of principal investing experience. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Adit invests for growth. Covington& Burling LLP acted as legal advisor to Adit EdTech. -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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Such statements are not guarantees of future performance and actual results or developments may 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. 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 seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Please visit www.aditventures.com for future updates. A family-owned firm with over a century of combined financial experience, we're also a team of professionals committed to investments that create positive change. Along with opening a US office, the talent hires will help accelerate the delivery of Noveto's revolutionary first product. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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 -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. the board of managers of GRIID Holdco. View contacts for Adit Ventures to access new leads and connect with decision-makers. 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. 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. the combined company is expected to operate under the name GRIID Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. 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. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining 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. 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. company enterprise value of approximately $3.3billion. The landscape for markets and investments is constantly evolving. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Join to view profile Adit Ventures, LLC. Mr. Cholak will be based out of Austin, Texas. Adit Ventures is an investment The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. We are really excited about Aanika and this opportunity, said Jon Cholak Partner and Co-Chief Investment Officer of Adit Ventures and Aanika board member. events or otherwise. When typing in this field, a list of search results will appear and be automatically updated as you type. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. InnovationInstitute. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. 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. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Wells Fargo Securities LLC, acted as the potential, predict, seek, should, would or by variations of such words or by similar expressions. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. View latest Form ADV filed. 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Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? differ materially from those projected in the forward-looking statements. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and 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. 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. 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. Learn how we can help you build a portfolio of private growth emerging market leaders. 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. Markets are changing, and investments are too. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. 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. from New York University and an MBA from The University of Texas at Austin. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. Upon completion of the proposed transaction. internal and wireless security testing and assessment. Based in New York, he leads the operational, compliance and risk functions at Adit. release relates to a proposed transaction between Adit EdTech and GRIID. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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 Ventures, LLC is a venture capital investment firm. 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. GRIIDs existing management team, led by President and Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Adit Ventures Profile and History . Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. of the proposed transaction. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. University of Oxford - Said Business School . www.sec.gov. 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! Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Please visit www.aditventures.com for further information. 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. Please visit www.aditventures.com for further information. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to 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 Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Related Persons Relationship: X Executive Officer Director Promoter Clarification of Response (if Necessary): Manager of Adit Growth Equity Co-Invest, LLC, a Delaware series limited liability company Relationship: X Executive Officer X Director X Promoter 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. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, He holds a B.S. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? CEO Trey Kelly, will continue to lead the business. The suit, which concerns the buying of Airbnb shares . Adit Ventures serves clients in the United States. 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