This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. 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, internal and wireless security testing and assessment. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. 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 With its unique We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. 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. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Adit EdTechs CFO, Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. The device is smart assistant compatible, seamlessly connecting to your smart home network. Upon completion of the proposed transaction. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. A proxy statement will be sent to all Adit EdTech 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. He added traceability is at the heart of three main catalysts: 1) climate changes, which could lead to a significant rise in food safety issues 2) FDA rules on traceability which are coming into effect within 24 months and 3) ESG compliance for public companies.. 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 Why? 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 Adit Ventures, LLC is a venture capital investment firm. Such statements are not guarantees of future performance and actual results or developments may He holds a B.S. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Abortion Pill Lawsuit Won't Get a Fair . Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? -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? Active, Closed, This describes the type of investor this organization is (e.g. 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 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. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Adit invests for growth. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined 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. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Registration on or use of this site constitutes acceptance of our. 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. 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. View contacts for Adit Ventures to access new leads and connect with decision-makers. ADIT Growth Equity Co - Invest LLC Series Esme. (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. 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. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. 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 MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. This press 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. 1. 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. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 transaction, and identify and realize additional opportunities. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Adit invests across the entire lifecycle. from 8 AM - 9 PM ET. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, Invest with us, sell your private shares, and learn more about working with Adit Ventures. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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). Arthur D. Little LLC acted as advisor to Adit EdTech for technical Mr. Cholak will be based out of Austin, Texas. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. View latest Form ADV filed. and commercial due diligence. 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. Adit's investment objective is 3x return of capital within a 3-5-year time frame. 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 seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Wells Fargo Securities LLC, acted as the Here's a list of some of the top trending technologies and APIs used by Adit Ventures. Based in New York, he leads the operational, compliance and risk functions at Adit. -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? What We Do Who We Are Sell Your Options For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, 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. Please visit www.aditventures.com for further information. 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). this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. -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. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". Monitor your investments 24 hours a day, around the clock from around the globe. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. financial advisor to Adit EdTech for capital markets and M&A advisory services. NEW YORK, March 30, 2021 /PRNewswire/ -- Adit Ventures is proud to announce its latest offering, Adit Genesis I, LP led by Managing Director Jon Cholak. please contact. GRIIDs existing management team, led by President and Adit Ventures Profile and History . Please visit www.aditventures.com for additional information. 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 GRIID anticipates fiscal year 2023 revenue of $1.6billion. 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. events or otherwise. 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. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 20K followers 500+ connections. Internet Explorer presents a security risk. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect Based in Cincinnati, Ohio, GRIID is a profitable, 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 In making investment decisions, Adit seeks to capitalize on long-term secular trends and themes in the global economy where we see dynamic areas of growth. The funds will support rapid expansion, with plans to triple the headcount over the next year. 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.