Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Quantitative: -Valuation at entry is a critical discipline,. Please visit www.aditventures.com for future updates. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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 Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no 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 Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 GRIID anticipates fiscal year 2023 revenue of $1.6billion. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. -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 Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Team Adit has relationships cultivated over their 175 years of principal investing experie nce. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of When typing in this field, a list of search results will appear and be automatically updated as you type. ADIT Growth Equity Co - Invest LLC Series Esme. from 8 AM - 9 PM ET. InnovationInstitute. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. 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. Invest with us, sell your private shares, and learn more about working with Adit Ventures. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Mr. Block will be based out of Adit's headquarters in New York. 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 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. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect 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 Biosciences, inc. Aanika Res mandate is to leverage the microbial tagging technology developed by Aanika Biosciences, as well as a broader swath of biological innovations, to prevent, identify and mitigate various risks in the food and agricultural industries. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. The suit, which concerns the buying of Airbnb shares . Aanika Re being domiciled in Bermuda is the natural progression for Aanika since it was accepted into the Bermuda Monetary Authoritys innovation hub earlier this year. He received a B.B.A in Finance and Marketing from Hofstra University and M.B.A in Finance from Baruch College's Zicklin School of Business. 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 further information. Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. -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. University of Oxford - Said Business School . Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. View latest Form ADV filed. The company was founded in 2018 by Vishal Bhuyan and Dr. Ellen Jorgensen and has raised nearly $20 million in venture financing to date from notable investors such as Adit Ventures, Draper Associates and Plug and Play Ventures. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, facilities across the United States. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . from 8 AM - 9 PM ET. 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. 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. No offer of securities shall be made except by means of a prospectus meeting the requirements of the 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. Arthur D. Little LLC acted as advisor to Adit EdTech for technical substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. the combined company is expected to operate under the name GRIID 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. 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. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. filed with the SEC on April15, 2021. A leading venture capital investment firm based in New York City. redemptions of shares of Adit EdTech by its public stockholders and approximately $125million of debt outstanding as of the closing (which debt is drawn down under GRIIDs $525million secured credit facility with Blockchain.com). Learn how we can help you build a portfolio of private growth emerging market leaders. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". 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 Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. Cision Distribution 888-776-0942 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. 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. Markets never sleep, and neither does Bloomberg News. 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. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. 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