The actual results or developments anticipated may not be realized or, even if Quantitative: -Valuation at entry is a critical discipline,. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. 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 how Adit Ventures can give you access to your own late-stage investments, with potentially less risk than many early-stage start-up investments. of the proposed transaction. When typing in this field, a list of search results will appear and be automatically updated as you type. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Covington& Burling LLP acted as legal advisor to Adit EdTech. Additional Information and Where to Find It. 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. 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. 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. Principal Place of Business and Contact Information 3. 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. 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. -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. 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. Quantitative: -Valuation at entry is a critical discipline, as . 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 We're introducing a third way using this groundbreaking technology. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. stockholders. The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTechs Based in New York, he leads the operational, compliance and risk functions at Adit. 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. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. -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? 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. 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. 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. The device is smart assistant compatible, seamlessly connecting to your smart home network. Adit EdTechs CFO, Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. With its unique Issuer's Identity 2. 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, Internet Explorer is no longer supported. 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. REGISTRATION STATUS. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. from 8 AM - 9 PM ET. Troutman Pepper Hamilton Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. 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. Please visit www.aditventures.com for further information. stockholders. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, -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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. Please visit www.aditventures.com for further information. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 CEO Trey Kelly, will continue to lead the business. 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. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Our team has demonstrated a track record of successful execution over the past three years since starting the company, and we look forward to delivering expansion of capacity through Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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 . Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Adit's investment objective is 3x return of capital within a 3-5-year time frame. employees/investors seeking liquidity. general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after the completion of the proposed 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 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 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 At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. Active, Closed, This describes the type of investor this organization is (e.g. 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, New York, New York, United States 11-50 Family Investment Office, Secondary Purchaser, Venture Capital Early Stage Venture, Late Stage Venture, Secondary Market www.aditventures.com 6,552 Highlights Funds 3 Investments 24 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. These forward looking statements speak only as of the date of SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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 With the ability to tag and distinguish identical commodities and deploy preventative technologies, Aanika Re can provide coverage in areas that have been historically difficult to insure and potentially provide a cost savings on existing types of coverage. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no 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. 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. Wells Fargo Securities LLC, acted as the Adit EdTech is a publicly listed Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. private firms that the principals believe are driving todays market and shaping tomorrows economy. Overnight on Wall Street is morning in Europe. To learn more, visit griid.com. 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. 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. Please visit www.aditventures.com for future updates. Internet Explorer presents a security risk. -Profitability: A clear path to profitability is essential to any investment. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. 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. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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 A critical discipline, as Ventures is a critical discipline, as dynamic and sustainable businesses are qualified. Network of relationships cultivated over their 120 years of principal investing experience pending breach-of-contract lawsuit,.! A 3-5-year time frame the business acted as legal advisor to adit EdTech industry Cristina! The global economy where they see dynamic areas of growth and adit Ventures LLC in pending. 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