Based in New York, he leads the operational, compliance and risk functions at Adit. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. See Eric L Munson's compensation, career history, education, & memberships. To learn more, visit griid.com. 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. "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. public bitcoin miners at the lowest cost of scaled production. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public 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. Learn how we can help you build a portfolio of private growth emerging market leaders. CEO Trey Kelly, will continue to lead the business. "He adds both institutional caliber diligence experience & skills from the world's largest bank, as well as family office and boutique private equity knowledge"Munson added. We're introducing a third way using this groundbreaking technology. 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 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. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 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. -Profitability: A clear path to profitability is essential to any investment. 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 we see dynamic growth, opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a robust return on our invested capital in alignment with investors principles. please contact. Quantitative: -Valuation at entry is a critical discipline,. GRIIDs existing management team, led by President and Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant 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. $525million credit facility will be used to fund GRIIDs growth and accelerate scale. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no from 8 AM - 9 PM ET. Cision Distribution 888-776-0942 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. filed with the SEC on April15, 2021. 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 otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. (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. 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 ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. 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, Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. 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. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. Join to view profile Adit Ventures, LLC. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. Active, Closed, This describes the type of investor this organization is (e.g. private firms that the principals believe are driving todays market and shaping tomorrows economy. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. 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. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? 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. View contacts for Adit Ventures to access new leads and connect with decision-makers. Many factors could cause actual future events to differ materially from the forward-looking To ensure the most secure and best overall experience on our website, we recommend the latest versions of. What We Do Who We Are Sell Your Options Internet Explorer presents a security risk. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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 The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing 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. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. Wells Fargo Securities LLC, acted as the Adit EdTechs CFO, ", Dr. Christophe Ramstein, CEO, Noveto, said: "Whether listening to music, movies, games, or a call, there are two ways to experience sound: publicly with speakers, or privately wearing headphones. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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 The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTechs To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. 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. 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. SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. 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. 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. Monitor your investments 24 hours a day, around the clock from around the globe. 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. Adit invests for growth. 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. Troutman Pepper Hamilton Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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 The landscape for markets and investments is constantly evolving. Adit Ventures Profile and History . stockholders. stockholders. 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. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. this press release. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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, The foregoing list of factors is not exhaustive. GRIIDs combination of a large Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, 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. 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. 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 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 . No offer of securities shall be made except by means of a prospectus meeting the requirements of the Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. Please visit www.aditventures.com for further information. 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. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 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 Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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 -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. He holds a B.S. Sanders LLP acted as legal advisor to GRIID. CINCINNATI, OH AND NEW YORK, NY Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Quantitative: -Valuation at entry is a critical discipline, as . Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. 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. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. Overnight on Wall Street is morning in Europe. Adit Ventures offers curated and professionally managed access to equity in Please visit www.aditventures.com for further information. A dit EdTech Acquisition, a blank check company formed by Adit Ventures targeting the education sector, raised $240 million by offering 24 million units at $10. 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. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. 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. 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. Securities Act. programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. facilities across the United States. 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. 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