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. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. Quantitative: -Valuation at entry is a critical discipline,. 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 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. . Adit Ventures, LLC is a venture capital investment firm. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. "He adds both institutional caliber diligence experience & skills from the world's largest bank, as well as family office and boutique private equity knowledge"Munson added. Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. When typing in this field, a list of search results will appear and be automatically updated as you type. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. ADIT Growth Equity Co - Invest LLC Series Esme. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? This press "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. 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. Jan 11, 2021 4:02PM EST. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." 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 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. 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. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain What We Do Who We Are Sell Your Options A proxy statement will be sent to all Adit EdTech This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, Active, Closed, This describes the type of investor this organization is (e.g. Troutman Pepper Hamilton No one in the trillion dollar insurance market is looking at biology as a source of data commented, Vishaal Bhuyan co-founder and CEO of Aanika Biosciences. 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 To ensure the most secure and best overall experience on our website, we recommend the latest versions of. this press release. 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. 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 commits a further $10 million, and . Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. The actual results or developments anticipated may not be realized or, even if from 8 AM - 9 PM ET. and commercial due diligence. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. An "Adit" is an entrance to a mine, serving as an acronym for Adit's services, providing Access, Diligence, Insight and works with Trusted partners across the United States and around the world. The funds will support rapid expansion, with plans to triple the headcount over the next year. 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. -Profitability: A clear path to profitability is essential to any investment. Securities Act. Please visit www.aditventures.com for further information. of the proposed transaction. Said Eric Munson, Founder & CIO of Adit Ventures. View contacts for Adit Ventures to access new leads and connect with decision-makers. private firms that the principals believe are driving todays market and shaping tomorrows economy. 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Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such -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. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). stockholders. 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. transaction, and identify and realize additional opportunities. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. 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. 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. 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 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, Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. www.sec.gov. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. The company was founded in 2018 by Vishal Bhuyan and Dr. Ellen Jorgensen and has raised nearly $20 million in venture financing to date from notable investors such as Adit Ventures, Draper Associates and Plug and Play Ventures. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. 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. 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 . The . Mr. Cholak will be based out of Austin, Texas. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. 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. 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. Abortion Pill Lawsuit Won't Get a Fair . otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. These forward looking statements speak only as of the date of GRIIDs combination of a large employees/investors seeking liquidity. 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Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. Metaverse on why hes placing a big Web3 bet against Mark Zuckerberg, Haystacks.AI Maintains Strong Momentum for 2022 With Additional Funding, Accelerated Growth, Fintech giants Stripe and Klarna partner on buy now, pay later as competition heats up, Animoca Brands raises $65M at $2.2B valuation from Ubisoft, Sequoia China, Dragonfly Capital, others, Podcast: Ryan Petersen on How Global Supply Chains Have Gotten Even Worse. 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