Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. 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. -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. 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 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. "He adds both institutional caliber diligence experience & skills from the world's largest bank, as well as family office and boutique private equity knowledge"Munson added. 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. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. -Profitability: A clear path to profitability is essential to any investment. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company Adit Ventures commits a further $10 million, and . 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. 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. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. "Jon's institutional top-decile performance record, combined with Adit Ventures existing top-quartile results, gives investors a choice of alternative investment options across the entire landscape" Munson added. University of Oxford - Said Business School . The foregoing list of factors is not exhaustive. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. We're introducing a third way using this groundbreaking technology. 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. Adit Ventures serves clients in the United States. Jan 11, 2021 4:02PM EST. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. Please visit www.aditventures.com for further information. Based in Cincinnati, Ohio, GRIID is a profitable, 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 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 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Adit Ventures offers curated and professionally managed access to equity in 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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Prior to this, Mr. Block spent over ten years in various leadership roles in trading, research, and strategy at various alternative investment firms including Sandell Asset Management and Magnetar Capital, and he began his career in Investment Banking at Donaldson, Lufkin & Jenrette. Markets are changing, and investments are too. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant 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 Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. 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 . Team Adit has relationships cultivated over their 150 years of principal investing experience. 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! Covington& Burling LLP acted as legal advisor to Adit EdTech. from 8 AM - 9 PM ET. Please visit www.aditventures.com for further information. Managing Director - Co-Founder, Adit Genesis. 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. A leading venture capital investment firm based in New York City. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of The funds will support rapid expansion, with plans to triple the headcount over the next year. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. CEO Trey Kelly, will continue to lead the business. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. potential, predict, seek, should, would or by variations of such words or by similar expressions. public bitcoin miners at the lowest cost of scaled production. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. of the proposed transaction. 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 substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. -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? When typing in this field, a list of search results will appear and be automatically updated as you type. 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. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. The landscape for markets and investments is constantly evolving. 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 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. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. -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 EdTech intends to file a proxy statement with the SEC. Adit Ventures Profile and History . Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, the board of managers of GRIID Holdco. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. 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. 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. 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. 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. 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 has invested in some of the world's leading companies with exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Spotify, Snap and Lyft. Monitor your investments 24 hours a day, around the clock from around the globe. Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 Cision Distribution 888-776-0942 An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. What We Do Who We Are Sell Your Options 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. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. GRIID anticipates fiscal year 2023 revenue of $1.6billion. 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 Mr. Block is known as an expert on macroeconomics, global markets, and alternative investments and advises a wide variety of global institutional clients and fiduciaries. Additional Information and Where to Find It. Team Adit has relationships cultivated over their 175 years of principal investing experience. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining Not only does Adit believe these sectors provide the best opportunity for capital appreciation, but also that they enable the firm to make a positive impact on the world by advancing innovation and improving quality of life. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. 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. Arthur D. Little LLC acted as advisor to Adit EdTech for technical See how our funds let you invest in dynamic, sustainable private businesses that strive to lead the way to a better and more productive world. 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.
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