Based in Cincinnati, Ohio, GRIID is a profitable, 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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Monitor your investments 24 hours a day, around the clock from around the globe. Overnight on Wall Street is morning in Europe. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Adit Ventures, LLC is a venture capital investment firm. from 8 AM - 9 PM ET. 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. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company 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. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining 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 has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors?-Does the business adhere to fundamental ESG principles with character and integrity in its practice? Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. CIO & Founder at Adit Ventures, LLC New York, New York, United States. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, Wells Fargo Securities LLC, acted as the GRIIDs combination of a large 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. 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. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. 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. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. 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. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. Adit EdTechs CFO, Markets never sleep, and neither does Bloomberg News. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. investments that create positive change. please contact. 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. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. A family-owned firm with over a century of combined financial experience, we're also a team of professionals committed to investments that create positive change. These forward looking statements speak only as of the date of Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. . We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. -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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 themes, such as AI/ML, Big data, Cloud, Cybersecurity, Defense, Digital Healthcare, Fintech, IoT, focused on companies driving today's market and tomorrow's Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, Managing Director - Co-Founder, Adit Genesis. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. View latest Form ADV filed. employees/investors seeking liquidity. 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 Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant potential, predict, seek, should, would or by variations of such words or by similar expressions. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . Adit Ventures offers curated and professionally managed access to equity in nce. 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. will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. The actual results or developments anticipated may not be realized or, even if Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 -Profitability: A clear path to profitability is essential to any investment. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. The foregoing list of factors is not exhaustive. No offer of securities shall be made except by means of a prospectus meeting the requirements of the 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. Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. 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, A proxy statement will be sent to all Adit EdTech 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. the combined company is expected to operate under the name GRIID 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 Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. Join to view profile Adit Ventures, LLC. The funds will support rapid expansion, with plans to triple the headcount over the next year. www.sec.gov. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. 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. 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 Ventures is a late-stage venture capital firm with headquarters in NYC. 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. Active, Closed, This describes the type of investor this organization is (e.g. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Related Persons Relationship: X Executive Officer Director Promoter Clarification of Response (if Necessary): Manager of Adit Growth Equity Co-Invest, LLC, a Delaware series limited liability company Relationship: X Executive Officer X Director X Promoter 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. 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. 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. 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. Principal Place of Business and Contact Information 3. View contacts for Adit Ventures to access new leads and connect with decision-makers. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. 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. Please visit www.aditventures.com for further information. Internet Explorer presents a security risk. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. from 8 AM - 9 PM ET. Covington& Burling LLP acted as legal advisor to Adit EdTech. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 See Eric L Munson's compensation, career history, education, & memberships. 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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 Please visit www.aditventures.com for future updates. University of Oxford - Said Business School . 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 themes, such as AI/ML, Big data, Cloud, Cybersecurity, Defense, Digital Healthcare, Fintech, IoT, focused on companies driving today's market and tomorrow's economy, Current sectors of interest include AI & Machine Learning, Big Data, Cybersecurity, Defense, Educational Technology, FinTech, Health Tech, IoT, Life Sciences, Media, Shared Economy and Space. financial advisor to Adit EdTech for capital markets and M&A advisory services. internal and wireless security testing and assessment. 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 . 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. TEL-AVIV, Israel, June 10, 2021 /PRNewswire/ -- Noveto Systems, today announced the successful completion of a bridge of $10 Million from renowned technology investorsAdit Ventures, a firm that has invested in some of the world's leading disruptive companies, with exits in GoPro, Spotify, Palantir and Lyft. 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