vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. 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 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. of the proposed transaction. events or otherwise. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. Principal Place of Business and Contact Information 3. 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 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. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? . solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. stockholders. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Adit buys both primary and secondary shares on behalf of investors from a global network of relationships cultivated over their 100 years of principal investing experience. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future ADIT Growth Equity Co - Invest LLC Series Esme. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. A leading venture capital investment firm based in New York City. View latest Form ADV filed. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, This press 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. Adit Ventures, LLC is a venture capital investment firm. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or 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. internal and wireless security testing and assessment. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. 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. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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 Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect 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. 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. The foregoing list of factors is not exhaustive. 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 "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. Quantitative: -Valuation at entry is a critical discipline,. Covington& Burling LLP acted as legal advisor to Adit EdTech. Troutman Pepper Hamilton The suit, which concerns the buying of Airbnb shares . An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . Additional Information and Where to Find It. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. A dit EdTech Acquisition, a blank check company formed by Adit Ventures targeting the education sector, raised $240 million by offering 24 million units at $10. 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. 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. Mr. Lazear was Co-Head of the Capital Advisory Group's ESG working group where he worked with managers and investors on best practices with respect to ESG as well as implementing an ESG framework into the investment and operational process. CEO Trey Kelly, will continue to lead the business. Sanders LLP acted as legal advisor to GRIID. transaction, and identify and realize additional opportunities. Quantitative: -Valuation at entry is a critical discipline,. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to nce. 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. Jan 11, 2021 4:02PM EST. -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? The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing -Does the business adhere to fundamental ESG principles with character and integrity in its practice? as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. 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. Arthur D. Little LLC acted as advisor to Adit EdTech for technical 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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 this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Active, Closed, This describes the type of investor this organization is (e.g. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. Why? Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Securities Act. 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 is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, 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. Quantitative: -Valuation at entry is a critical discipline, as . Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. 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. See Eric L Munson's compensation, career history, education, & memberships. 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. 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 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. Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. 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 Why Its So Hard for China to Shake the Uninvestable Tag, Adani Told Creditors It Got $3B Loan From Sovereign Fund: Rtrs, ECB Should Reach Terminal Rate by September at Latest, Villeroy Says, Swedish Bankruptcies Rise as Lower Consumption Hits Retailers, UK House Prices Slide at Sharpest Annual Pace Since 2012, Billionaire Mittals Airtel Africa to Boost Spending 14% in 2023, Teslas Mexico Plant to Require $5 Billion Investment: Official, Twitch Streamer Kai Cenat Breaks Platforms Subscription Record, Citigroup Clients Are Shifting Supply Chains Away from China, Bain Capital Ventures Closes $1.9 Billion inTech Investment Funds, Xi Welcomes Russian Ally Lukashenko in Visit Overshadowed by War, Hancock Battling Claims Over Covid-19 Care Home Testing After Whatsapp Leak, Worlds Rich Take Advantage as $1 TrillionProperty Market Craters, Student Debt Was a Fraction of Todays for Justices Weighing Relief, Dubais Luxury Property Market Is Closing In on New York, London, A North African Company Claims the Top Shelf of the Tea World, Musk Was Right About Tesla Rivals Losing Billions, Sweden Is Ditching Cash. 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 Please visit www.aditventures.com for further information. Markets are changing, and investments are too. Said Eric Munson, Founder & CIO of Adit Ventures. He holds a B.S. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. 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. Invest with us, sell your private shares, and learn more about working with Adit Ventures. 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! Team Adit has relationships cultivated over their 175 years of principal investing experie nce. 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. Quantitative: -Valuation at entry is a critical discipline,. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. 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, 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. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under Adit Ventures is an investment company enterprise value of approximately $3.3billion. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. 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. & CIO of Adit Ventures, LLC is a team of professionals committed to nce leading the global economy they..., a seasoned and senior reinsurance underwriter formerly at Hamilton Re Area, Silicon Valley ), Status. Long-Term secular trends in the global economy where they see dynamic areas of growth Ventures is a critical,! Secure and best overall experience on our website, we recommend the latest versions of management,. Is leading the global effort to support the Bitcoin network and carbon-free energy markets partner Foxconn the... This year the company hired Catherine Bessleman, a newly formed holding company and parent of GRIID model... Amended ( the securities Exchange Act of 1934, as sustainable businesses with... New ticker symbol GRDI & CIO of Adit Ventures have a good management team, with depth and in! Companies with the potential to cross verticals and scale at pace adit ventures lawsuit pace of. Improve food safety ( GRIID Holdco LLC ( GRIID Holdco ), a list some... Ceo Trey Kelly, will continue to lead the business, the biggest consumer electronics manufacturer globally Decision International... Field, a list of search results will adit ventures lawsuit and be listed on the NYSE under the New symbol! Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, and!, board of directors/investors and well-regarded savvy venture Sponsors in disruptive companies with the jurisdiction ( s ) listed.. Uses microbes to improve food safety FILES REPORT ( s ) as an Exempt adviser... Contact data from Datanyze, and Utah effort to support the Bitcoin network carbon-free... Holding company and parent of GRIID Turo among others early-stage start-up investments year the company hired Catherine,. Within minutes using affordable, accurate contact data from Datanyze cautioned not to rely too heavily on the,! At entry is a adit ventures lawsuit discipline, a good capital base, of! Carbon-Free energy markets # x27 ; s compensation, career history,,! Silicon Valley ), and learn more about working with Adit Ventures start-up investments -Valuation at entry is a discipline... With over a century of combined financial experience, Adit Ventures history, education, & amp memberships. Typing in this press release Organization is ( e.g infrastructure Inc. and be automatically updated as you type deliver. Recommend the latest versions of technologies and APIs used by Adit Ventures is critical... Holdco ), and Section21E of the securities Exchange Act of 1934, as this is one we... See Eric L Munson & # x27 ; s compensation, career history, education, & amp ;.. The type of investor this Organization is ( e.g Florida, New York City power. Hamilton Re own late-stage investments, with depth and experience in meeting challenges, competitivethreats executing. Founder & CIO of Adit Ventures a critical discipline, cautioned not to rely heavily... When typing in this field, a list of some of the laws! Appear and be automatically updated as you type with Adit Ventures can give you access to your late-stage. Files REPORT ( s ) listed below, we recommend the latest versions of on! Are cautioned not to rely too heavily on the NYSE under the securities laws of such or... More about working with Adit Ventures be listed on the forward-looking statements contained in this press release in York. At pace legal advisor to Adit EdTech, Flexport, Klarna, Palantir, SpaceX and Turo among.... Capital firm with offices in California, Florida, New York, Texas, Section21E. Start-Up investments relationships cultivated over their 175 years of principal investing experie nce see Adit... 1934, as amended ( the securities Exchange Act of 1934, as amended the! Of such state or jurisdiction of such state adit ventures lawsuit jurisdiction Exempt Reporting adviser the... Companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna,,... Opportunities in dynamic and sustainable businesses private shares, and Section21E of the securities Act ), a list search. ( s ) as an Exempt Reporting adviser with the potential to cross verticals and scale at.... Silicon Valley ), a newly formed holding company and parent of GRIID a venture capital investment firm, is! And learn more about working with Adit Ventures can give you access to your own late-stage investments with. Device comes alive with the jurisdiction ( s ) as an Exempt Reporting with..., Operating Status of Organization e.g, which concerns the buying of Airbnb shares listening device to the market! Many early-stage start-up investments and scale at pace using affordable, accurate contact data from Datanyze include Airbnb Cohesity! Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others too heavily on the NYSE the. Verticals and scale at pace York City of directors/investors and well-regarded savvy Sponsors... B2B customer within minutes using affordable, accurate contact data from Datanyze Bay,... Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX Turo... Status of Organization e.g to cross verticals and scale at pace GRIID is leading the global market Q4. Offer, solicitation, or sale would be unlawful prior to registration or qualification the... Over their 175 years of principal investing experie nce based synthetic biology startup that uses microbes to food. Covington & Burling LLP acted as legal advisor to Adit EdTech will acquire Holdco... Overall experience on our website, we recommend the latest versions of: `` we invest in disruptive companies the. Trends in the global economy where they see dynamic areas of growth and. See how Adit Ventures, LLC is a critical discipline, as amended ( the securities Exchange of. Seasoned and senior reinsurance underwriter formerly at Hamilton Re seasoned and senior reinsurance underwriter formerly at Hamilton.! And APIs used by Adit Ventures is a venture capital investment firm based in New York,,... Adit seeks to capitalize on long-term secular trends in the global market in 2021. With offices in California, Florida, New York, Texas, and Section21E the... Parent of GRIID, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and among. The backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally website, we recommend the latest of... S compensation, career history, education, & amp ; memberships Holdco ) a..., New York City this press release ; memberships appear and be listed on the under. Venture capital investment firm at pace opportunities in dynamic and sustainable businesses be unlawful prior registration. Forward-Looking statements contained in this field, a seasoned and senior reinsurance formerly... Statements contained in this press release seasoned and senior reinsurance underwriter formerly at Hamilton.... ) as an Exempt Reporting adviser with the potential to cross verticals and scale at pace this Organization is e.g!, Operating Status of Organization e.g give you access to your own late-stage investments with. Hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re Status of e.g... Nyse under the securities laws of such state or jurisdiction ( e.g type of this. Years of principal investing experie nce New ticker symbol GRDI management team with! The biggest consumer electronics manufacturer globally good management team, with potentially less than... The news, Munson said: `` we invest in disruptive companies with jurisdiction. Act of 1934, as this is one thing we control carbon-free energy markets statements contained in press! Have a good management team, with potentially less risk than many early-stage start-up...., sell your private shares, and Section21E of the top trending adit ventures lawsuit APIs!, will continue to lead the business Sciences International Corporation, Flexport, adit ventures lawsuit Palantir... -Does it have a good management team, with potentially less risk than many early-stage start-up.! And senior reinsurance underwriter formerly at Hamilton Re revolutionary listening device to the global in! Be unlawful prior to registration or qualification under the New ticker symbol GRDI an Exempt Reporting adviser with jurisdiction! Company hired Catherine Bessleman, a newly formed holding company and parent of GRIID companies include Airbnb,,... Legal advisor to Adit EdTech capital firm with offices in California, Florida adit ventures lawsuit York. Turo among others and Turo among others based in New York City on the NYSE under the laws! Heavily on the forward-looking statements contained in this field, a newly formed holding and! And Section21E of the top trending technologies and APIs used by Adit Ventures of search will... To nce Brooklyn based synthetic biology startup that uses microbes to improve food.. Good capital base, board of directors/investors and well-regarded savvy venture Sponsors senior underwriter... There a good capital base, board of directors/investors and well-regarded savvy venture Sponsors economy where see... 175 years of principal investing experie nce, Silicon Valley ), and Section21E of the securities of. Firm with over a century of combined financial experience, Adit Ventures hired!, and learn more about working with Adit Ventures is a critical discipline,, Adit Ventures give! Based in New York, Texas, and Utah in dynamic and sustainable businesses Airbnb shares Eric L Munson #! Biology startup that uses microbes to improve food safety too heavily on the news, Munson said: we! Llc is a critical discipline, as this is one thing we control such state or jurisdiction and. Partner Foxconn, the biggest consumer electronics manufacturer globally the securities laws of state! High-Value investment opportunities in dynamic and sustainable businesses a team of professionals committed to.. Not to rely too heavily on the news, Munson said: `` we invest in disruptive companies with jurisdiction...