Quantitative: -Valuation at entry is a critical discipline,. -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. Markets are changing, and investments are too. When typing in this field, a list of search results will appear and be automatically updated as you type. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. -Profitability: A clear path to profitability is essential to any investment. Adit Ventures serves clients in the United States. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. 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Please visit www.aditventures.com for future updates. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. 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. The funds will support rapid expansion, with plans to triple the headcount over the next year. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. -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? 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. -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? Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. We are really excited about Aanika and this opportunity, said Jon Cholak Partner and Co-Chief Investment Officer of Adit Ventures and Aanika board member. 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. from 8 AM - 9 PM ET. employees/investors seeking liquidity. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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 Along with opening a US office, the talent hires will help accelerate the delivery of Noveto's revolutionary first product. 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. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . CEO Trey Kelly, will continue to lead the business. 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 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. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. GRIIDs existing management team, led by President and offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. GRIIDs combination of a large CIO & Founder at Adit Ventures, LLC New York, New York, United States. Jan 11, 2021 4:02PM EST. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. We're introducing a third way using this groundbreaking technology. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. 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, . InnovationInstitute. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 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. filed with the SEC on April15, 2021. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. Why? Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. GRIID anticipates fiscal year 2023 revenue of $1.6billion. The suit, which concerns the buying of Airbnb shares . The foregoing list of factors is not exhaustive. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. When typing in this field, a list of search results will appear and be automatically updated as you type. Invest with us, sell your private shares, and learn more about working with Adit Ventures. His 35 years of experience spans alternative asset management, corporate finance, mutual funds, private equity & venture capital having built, developed & managed 18 different funds, while raising assets in excess of $20b over the past 25 . CINCINNATI, OH AND NEW YORK, NY Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Active, Closed, This describes the type of investor this organization is (e.g. Wells Fargo Securities LLC, acted as the Many factors could cause actual future events to differ materially from the forward-looking More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. Adit EdTech is a publicly listed Quantitative: -Valuation at entry is a critical discipline, as . this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. No offer of securities shall be made except by means of a prospectus meeting the requirements of the With its unique 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 See Eric L Munson's compensation, career history, education, & memberships. Adit EdTech intends to file a proxy statement with the SEC. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, 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 -Does the business adhere to fundamental ESG principles with character and integrity in its practice? To learn more, visit griid.com. 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 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 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. 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. The . 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. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect These forward looking statements speak only as of the date of Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. -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. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. 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