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. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. 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 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. This press With an Adit late-stage venture capital fund, youre investing in tomorrows market. 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. 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 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. 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. against Adit EdTech related to the merger agreement or the proposed transaction, (ix)the ability to maintain the listing of Adit EdTechs securities on a national securities exchange, (x)the price of Adit EdTechs securities, CIO & Founder at Adit Ventures, LLC New York, New York, United States. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". Many factors could cause actual future events to differ materially from the forward-looking 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 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. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. Join to view profile Adit Ventures, LLC. 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, -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 is a late-stage venture capital firm with headquarters in NYC. See Eric L Munson's compensation, career history, education, & memberships. He continued: It is rare to find compelling technology coupled with a difficult to replicate market strategy, which is what I believe Aanika has here. please contact. 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. Upon completion of the proposed transaction. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. 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 Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. stockholders. We're introducing a third way using this groundbreaking technology. Mr. Block will be based out of Adit's headquarters in New York. 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. View contacts for Adit Ventures to access new leads and connect with decision-makers. Principal Place of Business and Contact Information 3. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Overnight on Wall Street is morning in Europe. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Active, Closed, This describes the type of investor this organization is (e.g. ADIT Growth Equity Co - Invest LLC Series Magic - Adit Growth Equity Co - Invest, LLC - Series Airbn Adit Ventures raised a total of $150 K in funding over 1 rounds. 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 Please visit www.aditventures.com for further information. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. GRIIDs existing management team, led by President and 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. (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 At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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. 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. 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. Securities Act. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Markets are changing, and investments are too. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. 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. Adit Ventures offers curated and professionally managed access to equity in ADIT Growth Equity Co - Invest LLC Series Esme. 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. 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 . 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. Said Eric Munson, Founder & CIO of Adit Ventures. 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. 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 Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. CEO Trey Kelly, will continue to lead the business. Quantitative: -Valuation at entry is a critical discipline,. 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 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. 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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Adit Ventures is a late-stage venture capital firm with headquarters in NYC. He holds a B.S. 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). He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." 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. We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. from 8 AM - 9 PM ET. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Genesis will focus primarily on early-stage software companies with an emphasis on selecting proven founders and market-ready technologies in industries poised for meaningful growth. With its unique stockholders. 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. financial advisor to Adit EdTech for capital markets and M&A advisory services. 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. 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.. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. Please visit www.aditventures.com for further information. 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 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. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Our website, we recommend the latest versions of, United States equity in Adit growth equity Co - LLC. 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