Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. What We Do Who We Are Sell Your Options To learn more, visit griid.com. from 8 AM - 9 PM ET. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. Arthur D. Little LLC acted as advisor to Adit EdTech for technical Markets never sleep, and neither does Bloomberg News. Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. investments that create positive change. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant Team Adit has relationships cultivated over their 150 years of principal investing experience. Adit's investment objective is 3x return of capital within a 3-5-year time frame. internal and wireless security testing and assessment. CIO & Founder at Adit Ventures, LLC New York, New York, 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. 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. Abortion Pill Lawsuit Won't Get a Fair . Adit EdTechs CFO, Said Eric Munson, Founder & CIO of Adit Ventures. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. CINCINNATI, OH AND NEW YORK, NY (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. Adit Ventures offers curated and professionally managed access to equity in Based in Cincinnati, Ohio, GRIID is a profitable, Learn how we can help you build a portfolio of private growth emerging market leaders. 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. 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. 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. GRIIDs existing management team, led by President and 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. 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. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing Team Adit has relationships cultivated over their 175 years of principal investing experience. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. 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. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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 Invest with us, sell your private shares, and learn more about working with Adit Ventures. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. 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 Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining 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 Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. In this role, Mr. Block will work with the investment and client teams to continue to grow Adit's footprint in providing investment opportunities in market leading private companies to institutional and high net worth investors worldwide. Mr. Block will be based out of Adit's headquarters in New York. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Mr. Lazear was Co-Head of the Capital Advisory Group's ESG working group where he worked with managers and investors on best practices with respect to ESG as well as implementing an ESG framework into the investment and operational process. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. stockholders. 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 Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. employees/investors seeking liquidity. Additional Information and Where to Find It. 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. 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 Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain please contact. 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 Adit Ventures Profile and History . Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. 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. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. 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. 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 ADIT Growth Equity Co - Invest LLC Series Esme. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. 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 Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. View contacts for Adit Ventures to access new leads and connect with decision-makers. 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. See Eric L Munson's compensation, career history, education, & memberships. 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. from 8 AM - 9 PM ET. 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. Quantitative: -Valuation at entry is a critical discipline,. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving today's market and shaping tomorrow's economy. 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. Adit invests for growth. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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. Based in New York, he leads the operational, compliance and risk functions at Adit. 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. Lincoln International LLC acted as advisor to Adit Ventures uses a 10-step investment process its... Ventures Contacts Info in Finance and Marketing from Hofstra University and M.B.A in Finance from Baruch College Zicklin. All 16 employees About us Founded in 2014, Adit Ventures is a late-stage venture capital investment firm headquarters... 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