-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. stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. 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! The actual results or developments anticipated may not be realized or, even if Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. -Profitability: A clear path to profitability is essential to any investment. and commercial due diligence. stockholders. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 -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? -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. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. 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. The device is smart assistant compatible, seamlessly connecting to your smart home network. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. 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. Please visit www.aditventures.com for future updates. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. internal and wireless security testing and assessment. 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 ", Dr. Christophe Ramstein, CEO, Noveto, said: "Whether listening to music, movies, games, or a call, there are two ways to experience sound: publicly with speakers, or privately wearing headphones. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. 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. CINCINNATI, OH AND NEW YORK, NY Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. programs for the Massachusetts Institute of Technology and the University of Oxford, and serves as a non-executive director of blockchain infrastructure company Copper Technologies. CEO Trey Kelly, will continue to lead the business. The Company focuses to capitalize on long-term secular trends where we see dynamic areas of growth, as well as invests across the entire company life cycle (Seed to Pre-IPO). Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain Adit EdTech intends to file a proxy statement with the SEC. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Adit Ventures is an employee owned and operated asset management firm headquartered in New York. University of Oxford - Said Business School . Team Adit has relationships cultivated over their 150 years of principal investing experience. The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTechs Said Eric Munson, Founder & CIO of Adit Ventures. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Investment set to enable rapid company expansion and deliver a revolutionary listening device to the global market in Q4 2021. We're introducing a third way using this groundbreaking technology. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, 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 Biosciences, inc. Aanika Res mandate is to leverage the microbial tagging technology developed by Aanika Biosciences, as well as a broader swath of biological innovations, to prevent, identify and mitigate various risks in the food and agricultural industries. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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 Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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. GRIID anticipates fiscal year 2023 revenue of $1.6billion. Please visit www.aditventures.com for further information. 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. A leading venture capital investment firm based in New York City. this press release. power utilization and grid management demonstrates the broader economic potential of green infrastructure.. Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future 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. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. 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 private firms that the principals believe are driving todays market and shaping tomorrows economy. -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? Mr. Block will be based out of Adit's headquarters in New York. Adit Ventures serves clients in the United States. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. please contact. 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 . 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. Why Its So Hard for China to Shake the Uninvestable Tag, Adani Told Creditors It Got $3B Loan From Sovereign Fund: Rtrs, ECB Should Reach Terminal Rate by September at Latest, Villeroy Says, Swedish Bankruptcies Rise as Lower Consumption Hits Retailers, UK House Prices Slide at Sharpest Annual Pace Since 2012, Billionaire Mittals Airtel Africa to Boost Spending 14% in 2023, Teslas Mexico Plant to Require $5 Billion Investment: Official, Twitch Streamer Kai Cenat Breaks Platforms Subscription Record, Citigroup Clients Are Shifting Supply Chains Away from China, Bain Capital Ventures Closes $1.9 Billion inTech Investment Funds, Xi Welcomes Russian Ally Lukashenko in Visit Overshadowed by War, Hancock Battling Claims Over Covid-19 Care Home Testing After Whatsapp Leak, Worlds Rich Take Advantage as $1 TrillionProperty Market Craters, Student Debt Was a Fraction of Todays for Justices Weighing Relief, Dubais Luxury Property Market Is Closing In on New York, London, A North African Company Claims the Top Shelf of the Tea World, Musk Was Right About Tesla Rivals Losing Billions, Sweden Is Ditching Cash. 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. Portfolio companies include Airbnb, Cohesity, Decision Sciences International Corporation, Flexport, Klarna, Palantir, SpaceX and Turo among others. filed with the SEC on April15, 2021. 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. 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. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. When typing in this field, a list of search results will appear and be automatically updated as you type. 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.
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