This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. 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. 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. 20K followers 500+ connections. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. Adit Ventures is a family-office owned investment firm with offices in California, Florida, New York, Texas, Utah and Washington D.C. 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. Active, Closed, This describes the type of investor this organization is (e.g. 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Adit EdTech is a publicly listed Featuring a depth camera, AI-based built-in face tracking, voice recognition, advanced microphones, and sensors, the device enables a simple and intuitive personalized experience - a benchmark for the future of smart living. 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 Adit EdTech also will file other documents regarding the proposed transaction with the SEC. facilities across the United States. 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. This press 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! -Profitability: A clear path to profitability is essential to any investment. statements in this press release, including but not limited to: (i)the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Adit EdTechs securities, (ii)the risk that Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Please visit www.aditventures.com for future updates. www.sec.gov. Adit EdTechs CFO, Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. University of Oxford - Said Business School . Mr. Cholak will be based out of Austin, Texas. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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. Quantitative: -Valuation at entry is a critical discipline,. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. 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.. (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 EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. ADIT Growth Equity Co - Invest LLC Series Esme. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. from 8 AM - 9 PM ET. Markets never sleep, and neither does Bloomberg News. See Eric L Munson's compensation, career history, education, & memberships. 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. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. This allows the firm to capture more value by pushing investment entry before inflection points of growth and enhances the firms visibility and breadth of deal flow across the venture landscape. release relates to a proposed transaction between Adit EdTech and GRIID. 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 this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 -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? Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. Monitor your investments 24 hours a day, around the clock from around the globe. Abortion Pill Lawsuit Won't Get a Fair . Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Adit Ventures commits a further $10 million, and . 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. 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. "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. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. Adit Ventures, LLC is a venture capital investment firm. Quantitative: -Valuation at entry is a critical discipline, as . AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? GRIID anticipates fiscal year 2023 revenue of $1.6billion. 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. 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