vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Along with opening a US office, the talent hires will help accelerate the delivery of Noveto's revolutionary first product. differ materially from those projected in the forward-looking statements. 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. public bitcoin miners at the lowest cost of scaled production. private firms that the principals believe are driving todays market and shaping tomorrows economy. 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. Join to view profile Adit Ventures, LLC. the combined company is expected to operate under the name GRIID 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. Mr. Cholak will also serve as a member of Adit's Investment, Research & Valuation Committees, as well as leading Adit Genesis, the early-stage research & technology investment platform within Adit. and commercial due diligence. Cision Distribution 888-776-0942 These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. The funds will support rapid expansion, with plans to triple the headcount over the next year. Many factors could cause actual future events to differ materially from the forward-looking Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, 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. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. against Adit EdTech related to the merger agreement or the proposed transaction, (ix)the ability to maintain the listing of Adit EdTechs securities on a national securities exchange, (x)the price of Adit EdTechs securities, -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. 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. 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. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. 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. Adit invests for growth. (Podcast). 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. Markets never sleep, and neither does Bloomberg News. Such statements are not guarantees of future performance and actual results or developments may At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. This press Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. Active, Closed, This describes the type of investor this organization is (e.g. substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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 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 Adit Ventures is a late-stage venture capital firm with headquarters in NYC. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. 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. -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. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Based in New York, he leads the operational, compliance and risk functions at Adit. Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. 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. Companies are taking longer to exit, but investors are still building their portfolios of potentially market-leading companies before they go public. Adit Ventures serves clients in the United States. 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. CINCINNATI, OH AND NEW YORK, NY 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? 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. nce. 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. ADIT Growth Equity Co - Invest LLC Series Esme. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of 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 Team Adit has relationships cultivated over their 150 years of principal investing experience. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Registration on or use of this site constitutes acceptance of our. 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. 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. Monitor your investments 24 hours a day, around the clock from around the globe. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Descriptive keyword for an Organization (e.g. Information regarding Adit EdTechs directors and executive officers is available in Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020 -Profitability: A clear path to profitability is essential to any investment. 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