transaction, and identify and realize additional opportunities. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. facilities across the United States. He holds a B.S. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. 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 Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 Principal Place of Business and Contact Information 3. 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. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? 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 Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain 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. Along with opening a US office, the talent hires will help accelerate the delivery of Noveto's revolutionary first product. Markets never sleep, and neither does Bloomberg News. vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. The device is smart assistant compatible, seamlessly connecting to your smart home network. To learn more, visit griid.com. Covington& Burling LLP acted as legal advisor to Adit EdTech. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. See Eric L Munson's compensation, career history, education, & memberships. These forward looking statements speak only as of the date of 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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 In this role, Mr. Block will work with the investment and client teams to continue to grow Adit's footprint in providing investment opportunities in market leading private companies to institutional and high net worth investors worldwide. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. 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.. 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. The foregoing list of factors is not exhaustive. 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 Abortion Pill Lawsuit Won't Get a Fair . Adit Ventures Profile and History . The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and Featuring a depth camera, AI-based built-in face tracking, voice recognition, advanced microphones, and sensors, the device enables a simple and intuitive personalized experience - a benchmark for the future of smart living. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. Adit Ventures commits a further $10 million, and . The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, 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 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. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. 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. 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. -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? . Please visit www.aditventures.com for further information. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. 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 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 He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). 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 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. 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. 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. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. 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 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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 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. please contact. 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 Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. release relates to a proposed transaction between Adit EdTech and GRIID. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. Based in New York, he leads the operational, compliance and risk functions at Adit. from 8 AM - 9 PM ET. 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. Monitor your investments 24 hours a day, around the clock from around the globe. GRIID anticipates fiscal year 2023 revenue of $1.6billion. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Please visit www.aditventures.com for further information. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. 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. filed with the SEC on April15, 2021. Additional Information and Where to Find It. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. 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 Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. When typing in this field, a list of search results will appear and be automatically updated as you type. employees/investors seeking liquidity. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to Active, Closed, This describes the type of investor this organization is (e.g. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. -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? -Profitability: A clear path to profitability is essential to any investment. 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. 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. 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