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. 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. We're introducing a third way using this groundbreaking technology. Adit EdTech intends to file a proxy statement with the SEC. 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. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. With an Adit late-stage venture capital fund, youre investing in tomorrows market. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. 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 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. from 8 AM - 9 PM ET. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. The . nce. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. The device is smart assistant compatible, seamlessly connecting to your smart home network. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. 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 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, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect He writes daily on global markets and is a frequent expert panelist on networks like CNBC, Fox Business, Fox News, CNN, and Bloomberg, and is cited frequently by publications and websites like CNNMoney.com, Barron's, the Wall Street Journal, and the Washington Post. 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. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. The landscape for markets and investments is constantly evolving. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. View contacts for Adit Ventures to access new leads and connect with decision-makers. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. of the proposed transaction. 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. -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? Securities Act. -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? 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 . Invest with us, sell your private shares, and learn more about working with Adit Ventures. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . Adit EdTech also will file other documents regarding the proposed transaction with the SEC. 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. ADIT Growth Equity Co - Invest LLC Series Esme. 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 invests across the entire lifecycle. Please visit www.aditventures.com for further information. 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. 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. 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. 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. Active, Closed, This describes the type of investor this organization is (e.g. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Create a portfolio thats built for the future, with investments focused on cultural and technological trends that have the potential to define the next financial generation. Mr. Cholak will be based out of Austin, Texas. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. redemptions of shares of Adit EdTech by its public stockholders and approximately $125million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525million secured credit facility with Blockchain.com). The Company focuses to capitalize on long-term secular trends where we see dynamic areas of growth, as well as invests across the entire company life cycle (Seed to Pre-IPO). The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing 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. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined -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. 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 This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. 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 Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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 uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. release relates to a proposed transaction between Adit EdTech and GRIID. The foregoing list of factors is not exhaustive. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. View latest Form ADV filed. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. 1. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Based in Cincinnati, Ohio, GRIID is a profitable, University of Oxford - Said Business School . Mr. Block will be based out of Adit's headquarters in New York. events or otherwise. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. Adit invests for growth. 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. $525million credit facility will be used to fund GRIIDs growth and accelerate scale. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. transaction, and identify and realize additional opportunities. employees/investors seeking liquidity. investments that create positive change. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Based in New York, he leads the operational, compliance and risk functions at Adit. 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 Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future -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? stockholders. 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. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. 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. from 8 AM - 9 PM ET. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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 includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, 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. 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 "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. internal and wireless security testing and assessment. Quantitative: -Valuation at entry is a critical discipline,. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Jan 11, 2021 4:02PM EST. 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! (Podcast). (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? 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 investment follows Noveto's successfulKickstarter pre-sales campaign in February 2021, with backers from across the world pledging over $225k within only two weeks. Arthur D. Little LLC acted as advisor to Adit EdTech for technical Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. 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. 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