adit ventures lawsuit
Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. (Podcast). Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. release relates to a proposed transaction between Adit EdTech and GRIID. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. (November 30, 2021) Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. NEW YORK, March 30, 2021 /PRNewswire/ -- Adit Ventures is proud to announce its latest offering, Adit Genesis I, LP led by Managing Director Jon Cholak. 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. New York, New York, United States 11-50 Family Investment Office, Secondary Purchaser, Venture Capital Early Stage Venture, Late Stage Venture, Secondary Market www.aditventures.com 6,552 Highlights Funds 3 Investments 24 Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. 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 potential transaction and 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 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. 20K followers 500+ connections. Managing Director - Co-Founder, Adit Genesis. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Please visit www.aditventures.com for further information. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining 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. the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the His 35 years of experience spans alternative asset management, corporate finance, mutual funds, private equity & venture capital having built, developed & managed 18 different funds, while raising assets in excess of $20b over the past 25 . Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. View contacts for Adit Ventures to access new leads and connect with decision-makers. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. A leading venture capital investment firm based in New York City. from 8 AM - 9 PM ET. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. filed with the SEC on April15, 2021. Adit Ventures serves clients in the United States. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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. general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after the completion of the proposed Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. 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. Not only does Adit believe these sectors provide the best opportunity for capital appreciation, but also that they enable the firm to make a positive impact on the world by advancing innovation and improving quality of life. Monitor your investments 24 hours a day, around the clock from around the globe. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. 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. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. 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! Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors?-Does the business adhere to fundamental ESG principles with character and integrity in its practice? View latest Form ADV filed. 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 offers curated and professionally managed access to equity in 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 . San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. -Profitability: A clear path to profitability is essential to any investment. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? please contact. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. events or otherwise. 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. This follows previous fundraising rounds during which the company has generated close to $25 Million with the consistent support of the Brecht Jammer family office and SAIC Fund. Quantitative: -Valuation at entry is a critical discipline, as . Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. determining whether or not to pursue the proposed transaction, (v)the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi)the effect of. (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 When typing in this field, a list of search results will appear and be automatically updated as you type. 1345 Avenue ofthe Americas, FL 33New York, NY 10105, Video player - eric-munson-thumb - Click to play video, Car sharing startup Turo reveals revenue surge in IPO filing, Forge Global to Go Public in $2 Billion Merger with Motive Capital Corp, Car-sharing marketplace Turo confidentially files for U.S. IPO, Hong Kongs Mr. Additional Information and Where to Find It. Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our principles. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, stockholders. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. Adit Ventures Profile and History . Why? 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. Upon completion of the proposed transaction. Adit has invested in some of the worlds leading companies with exits in Airbnb, Astrocast, Cytocom, DocSend, Forge, Lemonade, Lyft, Palantir, Riff Analytics, Robinhood, Snap, SoFi, Spotify and Welltok. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. from 8 AM - 9 PM ET. 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 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Adit Ventures headquarters are located in 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States, Adit Venturess main industries are: Finance, Venture Capital & Private Equity, Finance, Adit Ventures appears in search results as ADIT Ventures LLC, ADIT Ventures, ADIT Growth Equity Co - Invest LLC Series Esme. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. CEO Trey Kelly, will continue to lead the business. "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. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. -Profitability: A clear path to profitability is essential to any investment. 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. 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's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. -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? public bitcoin miners at the lowest cost of scaled production. Active, Closed, This describes the type of investor this organization is (e.g. 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 Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. 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. Cision Distribution 888-776-0942 University of Oxford - Said Business School . -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. When typing in this field, a list of search results will appear and be automatically updated as you type. SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Said Eric Munson, Founder & CIO of Adit Ventures. MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. 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