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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 1. 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. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, 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 Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. 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 "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. Principal Place of Business and Contact Information 3. 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 an employee-owned investment firm with offices in California, Florida and New York. stockholders. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Why? The actual results or developments anticipated may not be realized or, even if 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 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. Adit Ventures commits a further $10 million, and . pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, Related Persons Relationship: X Executive Officer Director Promoter Clarification of Response (if Necessary): Manager of Adit Growth Equity Co-Invest, LLC, a Delaware series limited liability company Relationship: X Executive Officer X Director X Promoter No offer of securities shall be made except by means of a prospectus meeting the requirements of the He holds a B.S. 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. Mr. Lazear has also held various operational risk due diligence and consulting positions with FQS (Family Office) and Duff & Phelps where he established the operational risk due diligence practice. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. -Profitability: A clear path to profitability is essential to any investment. 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 from 8 AM - 9 PM ET. TEL-AVIV, Israel, June 10, 2021 /PRNewswire/ -- Noveto Systems, today announced the successful completion of a bridge of $10 Million from renowned technology investors Adit Ventures, a firm. -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. Based in Cincinnati, Ohio, GRIID is a profitable, Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. The funds will support rapid expansion, with plans to triple the headcount over the next year. 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 filed with the SEC on April15, 2021. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. the combined company is expected to operate under the name GRIID 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. Adit Ventures, LLC is a venture capital investment firm. 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 economy, 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. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Please visit www.aditventures.com for future updates. CINCINNATI, OH AND NEW YORK, NY 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. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? ADIT Growth Equity Co - Invest LLC Series Esme. Quantitative: -Valuation at entry is a critical discipline, as . 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. 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. 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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. potential, predict, seek, should, would or by variations of such words or by similar expressions. 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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Overnight on Wall Street is morning in Europe. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. "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. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . Troutman Pepper Hamilton The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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 -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Adit invests for growth. internal and wireless security testing and assessment. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. 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Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Please visit www.aditventures.com for further information. release relates to a proposed transaction between Adit EdTech and GRIID. He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." 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. Based in New York, he leads the operational, compliance and risk functions at Adit. 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 Managing Director - Co-Founder, Adit Genesis. GRIIDs existing management team, led by President and employees/investors seeking liquidity. -Profitability: A clear path to profitability is essential to any investment. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. company enterprise value of approximately $3.3billion. "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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Sanders LLP acted as legal advisor to GRIID. InnovationInstitute. 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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. 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. Team Adit has relationships cultivated over their 175 years of principal investing experience. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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