Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. 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. Please visit www.aditventures.com for further information. 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. 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. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. The current bridge investment is made as part of the company's Series A fundraising to be further led by Adit Ventures to raise an additional $20 Million by year-end. 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. Adit Ventures commits a further $10 million, and . -Does the business adhere to fundamental ESG principles with character and integrity in its practice? CINCINNATI, OH AND NEW YORK, NY Internet Explorer presents a security risk. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. InnovationInstitute. He will also chair the firm's Advisory Board which comprises a diverse group of experts providing thought leadership and counsel to Adit and its investors across a variety of areas and themes. Founded in 2014, Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, five offices across the US, and exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Snap, and Lyft. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? -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? 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. See Eric L Munson's compensation, career history, education, & memberships. Our Portfolio of Private Stocks | Adit Ventures OUR PORTFOLIO OF PRIVATE STOCKS CLICK ON THE COMPANIES IN OUR PORTFOLIO BELOW TO ACCESS OUR RESEARCH FOR EACH COMPANY! Create a portfolio thats built for the future, with investments focused on cultural and technological trends that have the potential to define the next financial generation. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii)the outcome of any legal proceedings that may be instituted against GRIID or 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. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. the announcement or pendency of the transaction on GRIIDs business relationships, operating results, and business generally and on Adit EdTechs stock price, (vii)risks that the 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. Mr. Cholak will also serve as a member of Adit's Investment, Research & Valuation Committees, as well as leading Adit Genesis, the early-stage research & technology investment platform within Adit. 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 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 Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Monitor your investments 24 hours a day, around the clock from around the globe. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining 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 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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Quantitative: -Valuation at entry is a critical discipline,. private firms that the principals believe are driving todays market and shaping tomorrows economy. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. 1345 Avenue ofthe Americas, FL 33New York, NY 10105, Video player - eric-munson-thumb - Click to play video, Car sharing startup Turo reveals revenue surge in IPO filing, Forge Global to Go Public in $2 Billion Merger with Motive Capital Corp, Car-sharing marketplace Turo confidentially files for U.S. IPO, Hong Kongs Mr. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. determining whether or not to pursue the proposed transaction, (v)the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi)the effect of. No offer of securities shall be made except by means of a prospectus meeting the requirements of the 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. -Profitability: A clear path to profitability is essential to any investment. 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. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Issuer's Identity 2. 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, from 8 AM - 9 PM ET. With an Adit late-stage venture capital fund, youre investing in tomorrows market. 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. 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. Such statements are not guarantees of future performance and actual results or developments may Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Wells Fargo Securities LLC, acted as the 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. 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 Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. public bitcoin miners at the lowest cost of scaled production. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. facilities across the United States. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. -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? To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant Mr. Lazear was Co-Head of the Capital Advisory Group's ESG working group where he worked with managers and investors on best practices with respect to ESG as well as implementing an ESG framework into the investment and operational process. 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. These forward looking statements speak only as of the date of Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. Cision Distribution 888-776-0942 -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? 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TEL-AVIV, Israel, June 10, 2021 /PRNewswire/ -- Noveto Systems, today announced the successful completion of a bridge of $10 Million from renowned technology investors Adit Ventures, a firm. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public Arthur D. Little LLC acted as advisor to Adit EdTech for technical 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. employees/investors seeking liquidity. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. Adit EdTechs CFO, Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. GRIID anticipates fiscal year 2023 revenue of $1.6billion. Prior to joining Adit Ventures, Mr. Lazear was an Executive Director at J.P. 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