To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Just Wait for the Fallout, From Chips to TikTok, Gina Raimondo Is at the Center of Bidens China Policy, Russian Airlines Are Still Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, BNP Ordered to Pay A Banker Fired Years After Alleged Sexual Harassment, A New Era of Books Helps Black Workers Navigate Corporate America, EU Strikes Landmark Deal to Fight Greenwashing in Bond Market, Singapore Fund Seeks $125 Million for Stoves in India, Kenya, Richest Atlanta District Inches Closer to Seceding From City, NYCs Shadow TransitNetwork SeeksaGreenerFuture, Kansas Citys $1.5 Billion Airport Renovation Spurs Hopes for Business Boom, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Many factors could cause actual future events to differ materially from the forward-looking 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 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. 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 Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Adit Ventures Profile and History . otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. financial advisor to Adit EdTech for capital markets and M&A advisory services. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. 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. With an Adit late-stage venture capital fund, youre investing in tomorrows market. 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). The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no 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. Overnight on Wall Street is morning in Europe. -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. (Podcast). -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. Please visit www.aditventures.com for further information. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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 uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. internal and wireless security testing and assessment. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. stockholders. With its unique The current bridge investment is made as part of the company's Series A fundraising to be further led by Adit Ventures to raise an additional $20 Million by year-end. Adit Ventures serves clients in the United States. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Why? (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. 20K followers 500+ connections. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. Adit EdTechs CFO, Adit's investment objective is 3x return of capital within a 3-5-year time frame. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . Adit Ventures is an investment We're introducing a third way using this groundbreaking technology. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 No offer of securities shall be made except by means of a prospectus meeting the requirements of the -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. 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. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. stockholders. Additional Information and Where to Find It. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. 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. 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. 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. An "Adit" is an entrance to a mine, serving as an acronym for Adit's services, providing Access, Diligence, Insight and works with Trusted partners across the United States and around the world. 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. InnovationInstitute. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. -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? Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. 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 A third way using this groundbreaking technology this press release are expressly qualified by the cautionary contained! Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience a capital... A third way using this groundbreaking technology original content to download multimedia: https: //www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Plus500 Americas 33. 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