Featuring a depth camera, AI-based built-in face tracking, voice recognition, advanced microphones, and sensors, the device enables a simple and intuitive personalized experience - a benchmark for the future of smart living. public bitcoin miners at the lowest cost of scaled production. 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 Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. (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. Troutman Pepper Hamilton Along with opening a US office, the talent hires will help accelerate the delivery of Noveto's revolutionary first product. vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. Mr. Cholak will be based out of Austin, Texas. 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, Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. "Jon's institutional top-decile performance record, combined with Adit Ventures existing top-quartile results, gives investors a choice of alternative investment options across the entire landscape" Munson added. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Said Eric Munson, Founder & CIO of Adit Ventures. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Principal Place of Business and Contact Information 3. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and the receipt of certain governmental and regulatory approvals, (iv)the lack of a third party valuation in filed with the SEC on April15, 2021. Markets never sleep, and neither does Bloomberg News. The company was founded in 2018 by Vishal Bhuyan and Dr. Ellen Jorgensen and has raised nearly $20 million in venture financing to date from notable investors such as Adit Ventures, Draper Associates and Plug and Play Ventures. private firms that the principals believe are driving todays market and shaping tomorrows economy. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. 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. 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 -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. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. 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. 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. Additional Information and Where to Find It. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. 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. investments that create positive change. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. 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 Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. potential, predict, seek, should, would or by variations of such words or by similar expressions. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Based in New York, he leads the operational, compliance and risk functions at Adit. 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. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. Mr. Cholak has held numerous board roles with his portfolio companies and has served as a speaker at numerous industry engagements and as a startup mentor at various accelerator programs. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Mr. Lazear has also held various operational risk due diligence and consulting positions with FQS (Family Office) and Duff & Phelps where he established the operational risk due diligence practice. 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 -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? 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. Overnight on Wall Street is morning in Europe. 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 todays market and shaping tomorrows economy. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Join to view profile Adit Ventures, LLC. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Cision Distribution 888-776-0942 Quantitative: -Valuation at entry is a critical discipline,. 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 solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. 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! Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. 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. Adit invests across the entire lifecycle. 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Adit's investment objective is 3x return of capital within a 3-5-year time frame. Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 A leading venture capital investment firm based in New York City. the combined company is expected to operate under the name GRIID transaction, and identify and realize additional opportunities. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Adit EdTech is a publicly listed Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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 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 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 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, Information regarding Adit EdTechs directors and executive officers is available in Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020 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 future updates. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. events or otherwise. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and Arthur D. Little LLC acted as advisor to Adit EdTech for technical Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the Adit EdTechs CFO, -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Jan 11, 2021 4:02PM EST. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. from 8 AM - 9 PM ET. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant 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. 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. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. When typing in this field, a list of search results will appear and be automatically updated as you type. The suit, which concerns the buying of Airbnb shares . Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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 Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). . Team Adit has relationships cultivated over their 175 years of principal investing experience. Adit invests for growth. 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. -Profitability: A clear path to profitability is essential to any investment. InnovationInstitute. GRIID anticipates fiscal year 2023 revenue of $1.6billion. 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. Adit's investment objective is 3x return of capital within a 3-5-year time frame. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. Please visit www.aditventures.com for further information. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. Adit Ventures commits a further $10 million, and . The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. 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. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company View latest Form ADV filed. 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