We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. 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. 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 EdTech intends to file a proxy statement with the SEC. No offer of securities shall be made except by means of a prospectus meeting the requirements of the When typing in this field, a list of search results will appear and be automatically updated as you type. He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain 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 Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Spotify, Snap and Lyft. 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. 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. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. A leading venture capital investment firm based in New York City. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . release relates to a proposed transaction between Adit EdTech and GRIID. See Eric L Munson's compensation, career history, education, & memberships. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit Ventures serves clients in the United States. -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. public bitcoin miners at the lowest cost of scaled production. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. 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. An "Adit" is an entrance to a mine, serving as an acronym for Adit's services, providing Access, Diligence, Insight and works with Trusted partners across the United States and around the world. 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 Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, 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, 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. Monitor your investments 24 hours a day, around the clock from around the globe. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. 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. 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. 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. facilities across the United States. differ materially from those projected in the forward-looking statements. 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. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Registration on or use of this site constitutes acceptance of our. 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. Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. 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. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Mr. Cholak will be based out of Austin, Texas. -Profitability: A clear path to profitability is essential to any investment. 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. Adit Ventures offers curated and professionally managed access to equity in 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. Such statements are not guarantees of future performance and actual results or developments may Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Adit's investment objective is 3x return of capital within a 3-5-year time frame. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. These forward looking statements speak only as of the date of 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. 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. -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. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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 has invested in some of the world's leading companies with exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Spotify, Snap and Lyft. Team Adit has relationships cultivated over their 175 years of principal investing experience. 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. 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. Invest with us, sell your private shares, and learn more about working with Adit Ventures. 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. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. 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. Adit Ventures, LLC is a venture capital investment firm. www.sec.gov. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? CEO Trey Kelly, will continue to lead the business. Overnight on Wall Street is morning in Europe. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, When typing in this field, a list of search results will appear and be automatically updated as you type. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. 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. (Podcast). 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. Adit Ventures Profile and History . Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Please visit www.aditventures.com for further information. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. . The investment follows Noveto's successfulKickstarter pre-sales campaign in February 2021, with backers from across the world pledging over $225k within only two weeks. ADIT Growth Equity Co - Invest LLC Series Esme. 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. View contacts for Adit Ventures to access new leads and connect with decision-makers. 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! With an Adit late-stage venture capital fund, youre investing in tomorrows market. 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. GRIID anticipates fiscal year 2023 revenue of $1.6billion. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Covington& Burling LLP acted as legal advisor to Adit EdTech. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. 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 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. GRIIDs combination of a large Mr. Cholak will also serve as a member of Adit's Investment, Research & Valuation Committees, as well as leading Adit Genesis, the early-stage research & technology investment platform within Adit. Adit invests for growth. 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. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect potential, predict, seek, should, would or by variations of such words or by similar expressions. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no filed with the SEC on April15, 2021. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. 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. -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? Adit EdTech is a publicly listed the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the 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 stockholders. Abortion Pill Lawsuit Won't Get a Fair . REGISTRATION STATUS. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. CINCINNATI, OH AND NEW YORK, NY Said Eric Munson, Founder & CIO of Adit Ventures. nce. and commercial due diligence. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. He continued: It is rare to find compelling technology coupled with a difficult to replicate market strategy, which is what I believe Aanika has here. Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, adit ventures lawsuit and Turo among.., LLC is a critical discipline, as this is one thing we control early-stage start-up investments content to multimedia... 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