Managing Director - Co-Founder, Adit Genesis. 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. -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. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among from 8 AM - 9 PM ET. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. Covington& Burling LLP acted as legal advisor to Adit EdTech. To learn more, visit griid.com. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. The foregoing list of factors is not exhaustive. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. 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. -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? www.sec.gov. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. 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. CINCINNATI, OH AND NEW YORK, NY filed with the SEC on April15, 2021. REGISTRATION STATUS. Adit EdTech is a publicly listed 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. 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. 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 otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. InnovationInstitute. of the proposed transaction. 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 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. events or otherwise. Featuring a depth camera, AI-based built-in face tracking, voice recognition, advanced microphones, and sensors, the device enables a simple and intuitive personalized experience - a benchmark for the future of smart living. . from 8 AM - 9 PM ET. Sanders LLP acted as legal advisor to GRIID. Mr. Block will be based out of Adit's headquarters in New York. 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 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. 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. 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. Wells Fargo Securities LLC, acted as the Quantitative: -Valuation at entry is a critical discipline, as . Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. (Podcast). Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. 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. 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. Additional Information and Where to Find It. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. "Jon's institutional top-decile performance record, combined with Adit Ventures existing top-quartile results, gives investors a choice of alternative investment options across the entire landscape" Munson added. Based in Cincinnati, Ohio, GRIID is a profitable, 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. The suit, which concerns the buying of Airbnb shares . Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. No offer of securities shall be made except by means of a prospectus meeting the requirements of the 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 . Adit Ventures enjoys a history of top-decile performance in early-stage ventures Adit Ventures leverages a broad network of LPs, advisors, and syndicate partners Learn how the Adit Genesis team selects investments, understand the target investment sectors and learn more about the team's performance history. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. the combined company is expected to operate under the name GRIID Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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, Internet Explorer is no longer supported. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. View latest Form ADV filed. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Overnight on Wall Street is morning in Europe. (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 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. The . 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 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 This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, This follows previous fundraising rounds during which the company has generated close to $25 Million with the consistent support of the Brecht Jammer family office and SAIC Fund. He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." GRIIDs combination of a large Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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 Adit has invested in some of the worlds leading companies with exits in Airbnb, Astrocast, Cytocom, DocSend, Forge, Lemonade, Lyft, Palantir, Riff Analytics, Robinhood, Snap, SoFi, Spotify and Welltok. Troutman Pepper Hamilton 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. 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. Invest with us, sell your private shares, and learn more about working with Adit Ventures. 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 Just Wait for the Fallout, From Chips to TikTok, Gina Raimondo Is at the Center of Bidens China Policy, Russian Airlines Are Still Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, BNP Ordered to Pay A Banker Fired Years After Alleged Sexual Harassment, A New Era of Books Helps Black Workers Navigate Corporate America, EU Strikes Landmark Deal to Fight Greenwashing in Bond Market, Singapore Fund Seeks $125 Million for Stoves in India, Kenya, Richest Atlanta District Inches Closer to Seceding From City, NYCs Shadow TransitNetwork SeeksaGreenerFuture, Kansas Citys $1.5 Billion Airport Renovation Spurs Hopes for Business Boom, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to 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). this press release. GRIID anticipates fiscal year 2023 revenue of $1.6billion. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. 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. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Team Adit has relationships cultivated over their 175 years of principal investing experience. 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