Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. 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NEW YORK, March 30, 2021 /PRNewswire/ -- Adit Ventures is proud to announce its latest offering, Adit Genesis I, LP led by Managing Director Jon Cholak. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Please visit www.aditventures.com for further information. AUSTIN, Texas, June 11, 2020 /PRNewswire/ -- Seasoned venture investor and software professional Jon Cholak has joined Adit Ventures, a leading, family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager. Such statements are not guarantees of future performance and actual results or developments may Additional Information and Where to Find It. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. CINCINNATI, OH AND NEW YORK, NY Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. We're introducing a third way using this groundbreaking technology. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 Principal Place of Business and Contact Information 3. ", Dr. Christophe Ramstein, CEO, Noveto, said: "Whether listening to music, movies, games, or a call, there are two ways to experience sound: publicly with speakers, or privately wearing headphones. Noveto Closes $10M Million Bridge Led by GoPro and Palantir investor, Adit Ventures, to Further Lead $20M A Round Jun 10, 2021 Report incorrect company information this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. Please visit www.aditventures.com for additional information. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". 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 Please visit www.aditventures.com for further information. 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. employees/investors seeking liquidity. Mr. Block will be based out of Adit's headquarters in New York. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. 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 Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at Monitor your investments 24 hours a day, around the clock from around the globe. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? 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. 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 vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. financial advisor to Adit EdTech for capital markets and M&A advisory services. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. 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. 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. 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. Quantitative: -Valuation at entry is a critical discipline, as . Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. this press release. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. stockholders. programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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 nce. Related Persons Relationship: X Executive Officer Director Promoter Clarification of Response (if Necessary): Manager of Adit Growth Equity Co-Invest, LLC, a Delaware series limited liability company Relationship: X Executive Officer X Director X Promoter -Does the business adhere to fundamental ESG principles with character and integrity in its practice? 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. A proxy statement will be sent to all Adit EdTech Securities Act. Adits ability to source and offer these exclusive opportunities to the firms investor-partners stems from the global network of relationships the team has developed over their 150+ years of combined investment experience. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Adit EdTechs CFO, What We Do Who We Are Sell Your Options Prior to joining Adit Ventures, Mr. Lazear was an Executive Director at J.P. Morgan, where he managed a team that worked with alternative funds, throughout their life cycle, providing advisory services to COOs, CFOs and General Partners specializing in due diligence, operational infrastructure, operational risk management, and policies and procedures. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. Many factors could cause actual future events to differ materially from the forward-looking 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. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. 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 The actual results or developments anticipated may not be realized or, even if Matthew D. Brown of Cooley has entered an appearance for Meno Holdings SPV LP and Adit Ventures LLC in a pending breach-of-contract lawsuit. from 8 AM - 9 PM ET. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Team Adit has relationships cultivated over their 175 years of principal investing experience. 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. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. private firms that the principals believe are driving todays market and shaping tomorrows economy. Invest with us, sell your private shares, and learn more about working with Adit Ventures. 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. Mr. Cholak will be based out of Austin, Texas. The landscape for markets and investments is constantly evolving. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. A dit EdTech Acquisition, a blank check company formed by Adit Ventures targeting the education sector, raised $240 million by offering 24 million units at $10. which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and 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's investment objective is 3x return of capital within a 3-5-year time frame. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing -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? 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. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. ADIT Growth Equity Co - Invest LLC Series Esme. 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 . the board of managers of GRIID Holdco. Quantitative: -Valuation at entry is a critical discipline,. 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. (November 30, 2021) Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. 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. 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 proposed stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. stockholders. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Sanders LLP acted as legal advisor to GRIID. 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 -Profitability: A clear path to profitability is essential to any investment. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Join to view profile Adit Ventures, LLC. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. 1. 20K followers 500+ connections. The foregoing list of factors is not exhaustive. 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. Please visit www.aditventures.com for further information. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Markets never sleep, and neither does Bloomberg News. See Eric L Munson's compensation, career history, education, & memberships. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. 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. The funds will support rapid expansion, with plans to triple the headcount over the next year. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. The device is smart assistant compatible, seamlessly connecting to your smart home network. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant 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. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. . Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. Issuer's Identity 2. 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. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? 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. The . These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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 $525million credit facility will be used to fund GRIIDs growth and accelerate scale. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving todays market and shaping tomorrows economy. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. 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. GRIIDs combination of a large Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Wells Fargo Securities LLC, acted as the Active, Closed, This describes the type of investor this organization is (e.g. 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. transaction, and identify and realize additional opportunities. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. and commercial due diligence. 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. Based in New York, he leads the operational, compliance and risk functions at Adit. events or otherwise. 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. Along with opening a US office, the talent hires will help accelerate the delivery of Noveto's revolutionary first product. -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? the combined company is expected to operate under the name GRIID facilities across the United States. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. -Profitability: A clear path to profitability is essential to any investment. Troutman Pepper Hamilton 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. This press A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to 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. 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. -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. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. 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.. potential, predict, seek, should, would or by variations of such words or by similar expressions. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, 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 Overnight on Wall Street is morning in Europe. (Podcast). 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. 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. 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. will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. -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? Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. 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. 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. 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, Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Adit invests across the entire lifecycle. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. 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. He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." To learn more, visit griid.com. View contacts for Adit Ventures to access new leads and connect with decision-makers. www.sec.gov. CEO Trey Kelly, will continue to lead the business. Eric Munson co-founded ADIT Ventures in 2014 at the request of family offices seeking to obtain shares in select late-stage venture-backed growth companies. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. investments that create positive change. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Over their 175 years of principal investing experience in New York web Hypertext technology! 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