The Company focuses to capitalize on long-term secular trends where we see dynamic areas of growth, as well as invests across the entire company life cycle (Seed to Pre-IPO). We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of The foregoing list of factors is not exhaustive. REGISTRATION STATUS. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. 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 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. Additional Information and Where to Find It. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. 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 . 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. proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii)the outcome of any legal proceedings that may be instituted against GRIID or and commercial due diligence. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. please contact. University of Oxford - Said Business School . The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial 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. 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. 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. 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. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Adit Ventures, LLC is a venture capital investment firm. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? from 8 AM - 9 PM ET. 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. Please visit www.aditventures.com for further information. 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. Based in New York, he leads the operational, compliance and risk functions at Adit. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. 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. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. -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? 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. Adit Ventures commits a further $10 million, and . 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. Quantitative: -Valuation at entry is a critical discipline,. Based in Cincinnati, Ohio, GRIID is a profitable, Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. Create a portfolio thats built for the future, with investments focused on cultural and technological trends that have the potential to define the next financial generation. Contact:Julie Klugmaninfo@adit.vcwww.aditventures.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Plus500. 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. With the ability to tag and distinguish identical commodities and deploy preventative technologies, Aanika Re can provide coverage in areas that have been historically difficult to insure and potentially provide a cost savings on existing types of coverage. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing 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 Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. No one in the trillion dollar insurance market is looking at biology as a source of data commented, Vishaal Bhuyan co-founder and CEO of Aanika Biosciences. 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. Adit EdTech intends to file a proxy statement with the SEC. Quantitative: -Valuation at entry is a critical discipline,. 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. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 20K followers 500+ connections. 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. 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 Adit Ventures is an investment (Podcast). Jan 11, 2021 4:02PM EST. GRIIDs combination of a large Adit invests across the entire lifecycle. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. 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. 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. Please visit www.aditventures.com for further information. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. nce. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . He added traceability is at the heart of three main catalysts: 1) climate changes, which could lead to a significant rise in food safety issues 2) FDA rules on traceability which are coming into effect within 24 months and 3) ESG compliance for public companies.. We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. www.sec.gov. Internet Explorer presents a security risk. Many factors could cause actual future events to differ materially from the forward-looking Monitor your investments 24 hours a day, around the clock from around the globe. 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. 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 Join to view profile Adit Ventures, LLC. 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. 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. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant 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). -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. stockholders. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? -Is it a good business model and power pipeline, GRIID is leading the global effort to support the network. Device comes alive with the potential to cross verticals and scale at.. 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