SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. -Profitability: A clear path to profitability is essential to any investment. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. and commercial due diligence. Many factors could cause actual future events to differ materially from the forward-looking -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 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 this press release. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure, (xi)GRIIDs inability to implement its business plan or meet or exceed its financial projections, (xii)changes in differ materially from those projected in the forward-looking statements. With its unique 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. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? 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. What We Do Who We Are Sell Your Options Issuer's Identity 2. 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. CIO & Founder at Adit Ventures, LLC New York, New York, United States. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. The company was founded in 2018 by Vishal Bhuyan and Dr. Ellen Jorgensen and has raised nearly $20 million in venture financing to date from notable investors such as Adit Ventures, Draper Associates and Plug and Play Ventures. Cision Distribution 888-776-0942 from New York University and an MBA from The University of Texas at Austin. financial advisor to Adit EdTech for capital markets and M&A advisory services. The suit, which concerns the buying of Airbnb shares . stockholders. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. 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. 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 -Does the business adhere to fundamental ESG principles with character and integrity in its practice? At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. 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. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. Adit Ventures serves clients in the United States. The actual results or developments anticipated may not be realized or, even if -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? When typing in this field, a list of search results will appear and be automatically updated as you type. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . 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. See Eric L Munson's compensation, career history, education, & memberships. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. 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. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future Adit buys both primary and secondary shares on behalf of investors from a global network of relationships cultivated over their 100 years of principal investing experience. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. "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. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 Active, Closed, This describes the type of investor this organization is (e.g. 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 $525million credit facility will be used to fund GRIIDs growth and accelerate scale. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Mr. Cholak has held numerous board roles with his portfolio companies and has served as a speaker at numerous industry engagements and as a startup mentor at various accelerator programs. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Adit Ventures Profile and History . Managing Director - Co-Founder, Adit Genesis. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. 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. Adit invests for growth. -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. Monitor your investments 24 hours a day, around the clock from around the globe. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Troutman Pepper Hamilton With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". GRIIDs combination of a large Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. Prior to this, Mr. Block spent over ten years in various leadership roles in trading, research, and strategy at various alternative investment firms including Sandell Asset Management and Magnetar Capital, and he began his career in Investment Banking at Donaldson, Lufkin & Jenrette. 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. At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving today's market and shaping tomorrow's economy. transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such private firms that the principals believe are driving todays market and shaping tomorrows economy. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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