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. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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. Before J.P. Morgan, he was the COO and CCO for IAM (International Asset Management) where he oversaw all activity as well as the operational risk due diligence process. 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 started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. events or otherwise. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. When typing in this field, a list of search results will appear and be automatically updated as you type. Arthur D. Little LLC acted as advisor to Adit EdTech for technical He holds a B.S. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. 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 Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. View latest Form ADV filed. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Please visit www.aditventures.com for future updates. CINCINNATI, OH AND NEW YORK, NY 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 nce. 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. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Registration on or use of this site constitutes acceptance of our. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. 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 offers curated and professionally managed access to equity in Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. 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. 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, InnovationInstitute. Adit invests across the entire lifecycle. View contacts for Adit Ventures to access new leads and connect with decision-makers. Based in New York, he leads the operational, compliance and risk functions at Adit. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. 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. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. 1. stockholders. substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". Managing Director - Co-Founder, Adit Genesis. 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. Mr. Block will be based out of Adit's headquarters in New York. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. The device is smart assistant compatible, seamlessly connecting to your smart home network. The landscape for markets and investments is constantly evolving. -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? Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Adit EdTechs CFO, Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. internal and wireless security testing and assessment. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. Adit Ventures is an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. ADIT Growth Equity Co - Invest LLC Series Esme. of the proposed transaction. The device prototype, capable of beaming pockets of sound outside the listener's ears without the need for speakers or headphones and with minimal disturbance to people nearby, firstdebuted in November 2020, receiving global media acclaim. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? . Quantitative: -Valuation at entry is a critical discipline, as . -Profitability: A clear path to profitability is essential to any investment. -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. 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. 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 (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. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. filed with the SEC on April15, 2021. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. 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. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? 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. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. 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. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Adit Ventures, LLC is a venture capital investment firm. To learn more, visit griid.com. 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