Adit Ventures, LLC is a venture capital investment firm. GRIIDs combination of a large 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. 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. transaction, and identify and realize additional opportunities. CINCINNATI, OH AND NEW YORK, NY -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. 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. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain NEW YORK, July 22, 2021 /PRNewswire/ --Eric Lazear joined Adit Ventures as Chief Operating Officer and a member of the Management Committee, as well as a member of Adit's Valuation Committee. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. He will also chair the firm's Advisory Board which comprises a diverse group of experts providing thought leadership and counsel to Adit and its investors across a variety of areas and themes. "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. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect 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. SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. -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 proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. Adit Ventures enjoys a history of top-decile performance in early-stage ventures Adit Ventures leverages a broad network of LPs, advisors, and syndicate partners Learn how the Adit Genesis team selects investments, understand the target investment sectors and learn more about the team's performance history. 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. Michael Block, a well-known market strategist and corporate advisor, has joined Adit Ventures, a New York late stage venture capital investment firm focused on companies driving today's market and tomorrow's economy, as Special Advisor. nce. the combined company is expected to operate under the name GRIID ADIT Growth Equity Co - Invest LLC Series Magic - Adit Growth Equity Co - Invest, LLC - Series Airbn Adit Ventures raised a total of $150 K in funding over 1 rounds. With its unique Troutman Pepper Hamilton this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. 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. -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? vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. 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. 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. 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. Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. Monitor your investments 24 hours a day, around the clock from around the globe. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. (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 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). Adit EdTech is a publicly listed 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. Please visit www.aditventures.com for further information. 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. 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. 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 Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. Genesis will focus primarily on early-stage software companies with an emphasis on selecting proven founders and market-ready technologies in industries poised for meaningful growth. Overnight on Wall Street is morning in Europe. 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. 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. this press release. 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 Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Learn how we can help you build a portfolio of private growth emerging market leaders. . A proxy statement will be sent to all Adit EdTech Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Adit Ventures is an investment Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. No offer of securities shall be made except by means of a prospectus meeting the requirements of the "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. Adit is firmly committed to generating a healthy return on our invested capital in alignment with our investors, our goals, and our 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. 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. To learn more, visit griid.com. Cision Distribution 888-776-0942 (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." Principal Place of Business and Contact Information 3. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Adit Ventures commits a further $10 million, and . conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and the receipt of certain governmental and regulatory approvals, (iv)the lack of a third party valuation in 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. # 283262/SEC #:802-107701 ) adit Ventures MANAGEMENT, LLC, PSP Ventures MANAGEMENT, LLC is a venture investment... 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