Mr. Block will be based out of Adit's headquarters in New York. The nature and timing of company exits may be changing, but we believe this creates opportunities for investors to build their portfolios of potentially market-leading companies before they go public. 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). Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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 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 With the ability to tag and distinguish identical commodities and deploy preventative technologies, Aanika Re can provide coverage in areas that have been historically difficult to insure and potentially provide a cost savings on existing types of coverage. Prior to this, Mr. Block spent over ten years in various leadership roles in trading, research, and strategy at various alternative investment firms including Sandell Asset Management and Magnetar Capital, and he began his career in Investment Banking at Donaldson, Lufkin & Jenrette. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. potential, predict, seek, should, would or by variations of such words or by similar expressions. stockholders. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. Sanders LLP acted as legal advisor to GRIID. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. The landscape for markets and investments is constantly evolving. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. events or otherwise. 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. See Eric L Munson's compensation, career history, education, & memberships. 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 Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. CIO & Founder at Adit Ventures, LLC New York, New York, United States. -Profitability: A clear path to profitability is essential to any investment. -Profitability: A clear path to profitability is essential to any investment. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. 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 Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Based in New York, he leads the operational, compliance and risk functions at Adit. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Adit Ventures is an investment 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. Based in Cincinnati, Ohio, GRIID is a profitable, filed with the SEC on April15, 2021. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. 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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. -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? Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at from New York University and an MBA from The University of Texas at Austin. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. 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. Founded in 2018 and headquartered in Cincinnati, Ohio, GRIID has secured one of the largest and lowest-cost power pipelines in the industry with a focus on carbon-free generation partners. GRIID anticipates fiscal year 2023 revenue of $1.6billion. -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? Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. 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 buys both primary and secondary shares on behalf of investors from a global network of relationships cultivated over their 100 years of principal investing experience. 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. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. Aanika Re being domiciled in Bermuda is the natural progression for Aanika since it was accepted into the Bermuda Monetary Authoritys innovation hub earlier this year. www.sec.gov. Adit Ventures is an investment vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. Internet Explorer presents a security risk. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Managing Director - Co-Founder, Adit Genesis. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Arthur D. Little LLC acted as advisor to Adit EdTech for technical Adit's investment objective is 3x return of capital within a 3-5-year time frame. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. -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? Adit Ventures serves clients in the United States. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. Overnight on Wall Street is morning in Europe. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. View latest Form ADV filed. stockholders. 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. nce. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, 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 uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Join to view profile Adit Ventures, LLC. 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. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. The funds will support rapid expansion, with plans to triple the headcount over the next year. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). Please visit www.aditventures.com for additional information. Before J.P. Morgan, he was the COO and CCO for IAM (International Asset Management) where he oversaw all activity as well as the operational risk due diligence process. 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. 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. Invest with us, sell your private shares, and learn more about working with Adit Ventures. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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 Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . Markets are changing, and investments are too. 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. 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 CINCINNATI, OH AND NEW YORK, NY -Profitability: A clear path to profitability is essential to any investment. -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. 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. Please visit www.aditventures.com for further information. Adit Ventures headquarters are located in 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States, Adit Venturess main industries are: Finance, Venture Capital & Private Equity, Finance, Adit Ventures appears in search results as ADIT Ventures LLC, ADIT Ventures, ADIT Growth Equity Co - Invest LLC Series Esme. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of 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. 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