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Angel, Fund of Funds, Venture Capital), General contact email for the organization. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. The Company invests in restaurant, food, and beverage companies. Periodic lane closures will occur during the dates provided and as described for travel lanes between 9:00 PM to 6:00 AM nightly, Monday through Sunday. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Founded by Don Thompson, the former President and CEO of McDonald's Corporation, Cleveland Avenue is a Chicago-based venture capital firm that invests in lifestyle consumer brands and technology companies that positively disrupt large and growing market. In the greater Chicagoland area, Black and Latinx entrepreneurs have 80 percent of their equity capital needs going unmet compared to 46 percent of white business owners, according to a recent study by the consulting firm Next Street. The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. Cleveland Avenue, Food Retail Ventures, Landa Ventures, and Planet Capital, AgFunder, Autotech Ventures, Cavallo Ventures, Cleveland Avenue, DCVC, Future Ventures, and SeaX Ventures. US-41 & Pondella Rd, North Fort Myers: Lee County DOT Traffic will be changing out the traffic signal cabinet at US-41 & Pondella Rd on Wednesday, February 22, 2023 from 9:00 AM to 4:00 PM. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com Presto, Cleveland Avenue, and Ventoux are the perfect partners for this next chapter in the public markets given our joint focus on transforming the restaurant industry using the best next-generation technology, said Krishna K. Gupta, Chairman of Presto and CEO of Remus Capital. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. About Cleveland Avenue, LLC. Submitters are 7x more likely to receive a qualified connection. Venture Capitalists (VC) play an important role in the startup ecosystem. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. The median demo/install will occur between Monday, January 16, 2023 and will affect the inside lanes travelling east and west between Lee Road and Domestic Avenue on Alico Road. Cleveland Avenue Food and Beverage Fund I - PitchBook For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Description. brian@andrewssitework.com. Scotts Safety will be providing all maintenance of traffic services for this project. Sidewalk and Driveway closure along Crystal Drive between 12255 S Cleveland Ave and 2378 Crystal Drive: Beginning 7 a.m. through 5 p.m. Monday February 6 through Friday February 10, 2023, crews will close sidewalks and driveways for water main crossing. Tags: BBChicago, Black Business, BlackEntrepreneur, BlackOwned, BlackOwnedBusiness, Dsanders, SmallBusiness, Support Small Business, SupportBlackBusiness. . Aquinas Early, on behalf of Cleveland Avenue |aearly@explorefcg.com| 708-420-8570, Angelica Ramirez, on behalf of Cleveland Avenue |aramirez@explorefcg.com|. The project includes adding on-road bike lanes, some sidewalk, installing new drainage, and constructing a wildlife crossing approximately 1000 feet west of the entrance to Cypress Shadows Boulevard. However, Ventoux, Presto, and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the proposed business combination under the rules of the SEC. Sanibel Causeway Emergency Restoration: As a part of the Florida Department of Transportations (FDOT) Emergency Restoration of the Sanibel Causeway, crews continue work on McGregor Boulevard and the Sanibel Causeway from Port Comfort Road to Sanibel Island. Accelerating growth for businesses and developing entrepreneurs. Cleveland Avenue deals with seed ventures, early-stage, and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Crystal Drive (Plantation Road to US 41) Water Main Improvements (ROW 2022-00020): Beginning April 4, 2022, contractors for Lee County will install new water main beginning on the west side of Planation Road just south of the roundabout with Crystal Drive. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. We believe the additional capital provides a powerful vote of confidence in the business combination and will give Presto all the tools needed for an excellent start in its public life. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 12, or email at neil@andrewsitework.com. Please use caution and watch for workers and construction vehicles entering and leaving the roadway. Asphalt pavement, concrete sidewalk, concrete curbing, and drainage improvements will be performed. CHICAGO, IL (March 3, 2021)- Cleveland Avenue, LLC, a privately-held venture capital firm that accelerates and strategically invests in innovative concepts and emerging brands, is leading an impact initiative to bridge the capital and resource gap for Black, Latinx, and women-owned companies in Chicagos South and West Side neighborhoods. Periodic lane closures for eastbound lanes will occur between the hours of 9:00 AM and 3:30 PM on weekdays. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. ILGIF has been at the forefront of increasing equity, diversity, and inclusion within the venture capital ecosystem with 40 percent of its committed capital invested with venture capital firms led by women and people of color. Please pay attention to our flaggers and maintenance of traffic as patterns may change temporarily. All rights reserved. Cleveland Avenue Food and Beverage Fund I is an early stage venture capital fund managed by Cleveland Avenue. The revised merger terms reflect a pre-money valuation for Presto of $525 million. We want to prove that investing in and supporting Black, Latinx, and women entrepreneurs seeking venture capital support is a very solid growth strategy, said Don Thompson, Founder of Cleveland Avenue. Area Wide Protective will be providing MOT services. Very incredibly proud of you and your next step Jason. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Led by Cleveland Avenue, LLC (Cleveland Avenue), the $60 million equity injection will accelerate the deployment of Prestos technology throughout the restaurant industry. Please be patient as travel may be slower than usual. Summerlin Road from Bass Road to John Morris Rd (ROW2022-00185): Andrew Sitework LLC will be performing sidewalk replacement, landscaping, Grading and sodding, and irrigation improvements along Summerlin Road from Just east of Bass Road going West to John Morris Road. This communication is for informational purposes only and is not intended to and shall not constitute a proxy statement or the solicitation of a proxy, consent or authorization with respect to any securities in respect of the proposed business combination and shall not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. to north on McArthur Blvd., west on E 2nd St to north on Country Club Pkwy to Joel Blvd. Starting on April 2023 and continuing through May of 2023, crews will resume construction from Little Hickory working their way north to Esplanade Drive. Cleaveland Avenue is a venture capital firm and startup accelerator headquartered in Chicago, Illinois, that was founded in 2015 by Don Thompson. Then continue east to Austin Street and west under US 41 to the north side of Brantley Road and tie into a connection point between Pine Grove and Brantley Pines driveways. The curb/sidewalk demo for the entrance to Logistics Drive, between Lee Road and Domestic Avenue off Alico Road will occur between Monday, February 6, 2023 and Tuesday, February 28, 2023 and affect the outside travel Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. our sites and services. Periodic lane closures for northbound and southbound lanes will occur between the hours of 9:00 PM and 5:00 AM on weekdays. Striping Maintenance: Lee County DOT will be performing a moving operation with traffic delays on 2-16-23 through 2-22-23 between the hours of 9:00 a.m. to 4:00 p.m. (weather permitting) on the following roadways: Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Each segment will have most of the construction completed prior to moving to the next segment. Not only do they know the industry inside out, they share our vision for transforming physical industries with advanced digital automation, said Rajat Suri, Founder and CEO of Presto. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family foundations, and prominent financial institutions have come together to support a more inclusive venture capital ecosystem and more directly impact Black, Latinx, and women entrepreneurs in Chicago through the CAST US initiative. Cleveland Avenue 29 Portfolio companies, 34 Investments, Team About us. Ventoux CCM and Presto Automation Announce $100 Million Raise Cleveland Avenue deals with seed ventures, early-stage, and private equity deals focused on emerging . Starting Sunday, January 15, 2023, these Arc Chicago, LLC, is an investment fund created by MacArthur to further the objectives of Benefit Chicago. Founders Don Thompson, J. Skyler Fernandes. Area Wide Protective will be providing MOT services. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. John Morris Road from McGregor Boulevard, 867, to Iona Road (ROW2022-00927) Pike Electric will be working on the overhead power lines. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. GL Homes is actively working in their development site across from Wild Blue Boulevard. After having served as President of World Business Chicago, Zopp is applying her mix of corporate, civic, and social impact experiences to support these promising entrepreneurs. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. Bridge Maintenance A unique team of food and beverage specialists who drive concept growth. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. Copyright 2023 CB Information Services, Inc. All rights reserved. The firm prefers to invest in food tech, restaurant, and technology sectors. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Chief Financial Officer & Chief Investment Officer, Managing Director, Investor Relations & Chief of Staff, Youre viewing 10 of 67 investments. Motorists should expect delays and use caution as construction vehicles enter/exit the roadway. Motorists should use caution while driving in the area. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. https://www.restaurantbusinessonline.com/financing/franchises-navigate-tough-waters-their-bid-growth Bradanna, Inc. will provide maintenance of traffic services (239) 455-8891. CHICAGO, IL (March 3, 2021) - Cleveland Avenue, LLC, a privately-held venture capital firm that accelerates and strategically invests in innovative concepts and emerging brands, is leading an impact initiative to bridge the capital and resource gap for Black, Latinx, and women-owned companies in Chicago's South and West Side neighborhoods. Ample signs will be in place to safely guide traffic around the work area. CAST US Press Release - Cleveland Avenue station Weather may affect start times and dates. Established by Illinois Treasurer Frerichs, the Illinois Growth and Innovation Fund (ILGIF) is an evergreen, $1 billion impact investment fund that will invest in ways to attract, assist and retain quality technology-enabled businesses in Illinois. Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family foundations, and prominent financial institutions have come together to support a more inclusive venture capital ecosystem and more directly impact Black, Latinx, and women entrepreneurs in Chicago through the CAST US initiative. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.com. Westbound McGregor Boulevard has been reduced to one lane approaching and through the toll plaza. The outside eastbound lane from Saradrienne Lane to Bonita Grande Drive on Bonita Beach Road will be subject to intermittent lane closures from 7:00 PM to 6:00 AM. Beyond Meat Closes Latest Fundraising Round Led by Don Thompson and Cleveland Avenue, LLC Investment Firm, http://www.iptv.org/mtom/story/28973/beyond-meat-closes-latest-fundraising-round-led-don-thompson-and-cleveland-avenue, Beyond Meat raises $55 million from Cleveland Avenue and Tyson Foods to triple production | Nuu, http://biofuelsdigest.com/nuudigest/2017/12/13/beyond-meat-raises-55-million-from-cleveland-avenue-and-tyson-foods-to-triple-production/, Drink Maple Pulls in $3.9 Million in New Funding Round - BevNET.com, https://www.bevnet.com/news/2017/drinkmaple-works-close-new-funding-round, Former McDonald's CEO, Don Thompson, Launches Venture Capital Group Named Cleveland Avenue, https://www.blackentrepreneur.com/former-mcdonalds-ceo-don-thompson-launches-venture-capital-group-named-cleveland-avenue/, Former McDonalds CEO Is Launching a Food-Focused VC Firm, https://www.americaninno.com/chicago/former-mcdonalds-ceo-is-launching-a-food-focused-vc-firm/. Residents are entering and exiting communities on both sides of Corkscrew Road. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. Informed by deep industry intelligence, we bring insight and . Acceleration Services A unique team of food and beverage specialists who drive concept growth. This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. (970) 948-9787. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Martin Luther King Jr. Boulevard. For further information, please contact Brian Brandfass at (239) 226-1606 Ext. Westgate Boulevard at 8th Street West: Lee County DOT will be implementing a traffic pattern change at the intersection of Westgate Boulevard and 8th Street West. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. In the greater Chicagoland area, Black and Latinx entrepreneurs have 80 percent of their equity capital needs going unmet compared to 46 percent of white business owners, according to a recent study by the consulting firm Next Street. For further information you can contact Jessie Culpepper at 239-913-9127. For further information, please contact Brian Williams with Pike at (239) 225-8037 or at bwilliams@pike.com. We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. Crews continue work on the 10-foot-high fence that will be used to funnel the wildlife to cross safely under Corkscrew Road. Call (844) 417-2688 with any questions. to east on Joel Blvd. The projected start date is January 30, 2023. Try for free at rocketreach.co Southbound lane along Nalle Road will be subject to temporary daily lane closures. Since the summer of 2019, Cleveland Avenue, State Treasurer Michael Frerichs, and State Chief Investment Officer Rodrigo Garcia have been in strategic discussions on connecting underrepresented entrepreneurs in under-invested areas in Chicago with capital and business support resources. Completion of SOD & Striping/Signage will occur between Wednesday, March 1, 2023 and Friday, March 17, 2023 for all improvements. After having served as President of World Business Chicago, Zopp is applying her mix of corporate, civic, and social impact experiences to support these promising entrepreneurs. He has been with Cleveland Avenue since its inception in September 2015, and has a 30-year career leading financial organizations, including having spent 16 years at McDonalds Corporation. For further information on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. The Treasurers Office predates Illinois incorporation in 1818. The roadway north and south of the work area will be open to two-way traffic. Thanks to Don and Liz, we are thrilled to be able to invest in talented, promising ventures like AYO Foods, Every Body Eat, 86 Repairs, LiftUp Enterprises, DrugViu, Inc., and Gray Matter Analytics through the CAST US fund, said investors Mark and Kimbra Walter. It seeks to mobilize $100 million in catalytic capital for nonprofits and social enterprises in Chicago. Investment Stage Early Stage Venture. We are intentionally committed to addressing the capital gap for underrepresented entrepreneurs and underserved communities in Chicago. Cleveland Avenue - Crunchbase Investor Profile & Investments Return to Cleveland Avenue Site. Ryan Gardella & Michael Bowen Solutions. Nalle Grade Road between Slater Road to Nalle Road RPU will be continuing with the installation of the Raw Water Main and Fiber Optics Conduit via directional drill from January 9, 2023 thru March 30, 2023. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. CORKSCREW ROAD (ROW2021-00003): Mastec will be working on the power line along the east bound lane of Corkscrew Road, approximately 100 ft east of Three Oaks Parkway, and will require an eastbound lane closure starting on Monday, January 30, 2023 and pole will be completed by Friday, February 10, 2023. The expected project completion is late 2023. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Storm water work outside of sidewalk/travel lanes will be ongoing from Wednesday, January 11, 2023 through Friday, February 24, 2023. WORK PERFORMED BY OTHERS: This feature is in beta and may change with future updates. Continued sidewalk closure approximately 100, February 20 through February 25, 2023 Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. Win whats next. The activities will require lane closures between 9:00 PM and 5:00 AM. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. Area Wide Protective will be providing MOT services. On heavy haul days, GL Homes will be providing flaggers to reduce backups on Corkscrew Road. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. 2. Please use caution and drive with courtesy and patience throughout the project area. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Since the summer of 2019, Cleveland Avenue, State Treasurer Michael Frerichs, and State Chief Investment Officer Rodrigo Garcia have been in strategic discussions on connecting underrepresented entrepreneurs in under-invested areas in Chicago with capital and business support resources.