Frerichs and Garcia are making the largest investment to date from the Illinois Growth and Innovation Fund (ILGIF), committing $16 million to foster a more inclusive venture capital ecosystem and directly impact underserved low-income communities and underinvested business entrepreneurs in Chicago. Presto overlays next-gen digital solutions onto the physical world. Cleveland Avenue Investor Profile: Portfolio & Exits | PitchBook Types of diversity represented in an organization, specifically of those who are founding members, currently the CEO, or have check-writing abilities in an investment firm. 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. Cleveland Avenue is an American food investor, backing seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. Venture Capitalists (VC) play an important role in the startup ecosystem. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Scott Safety, LLC will provide maintenance of traffic services (833) 723-3499. This press release is not a substitute for the proxy statement/prospectus. Chrome Extension. We are proud to partner with Cleveland Avenue and tap into over 200 years of collective experience across industries to prepare more entrepreneurs in Illinois for initial and follow-on investments. Frerichs office protects consumers by safeguarding more than $3.5 billion in unclaimed property, encouraging savings plans for college or trade school, increasing financial education among all ages, assisting people with disabilities save without losing government benefits, and removing barriers to a secure retirement. Please use caution and drive with courtesy and patience throughout the project area. Among Dom's investors is Cleveland Avenue, the venture firm started by former McDonald's CEO . Crews will be working Monday through Saturday from 8:00 AM until 5:00 PM. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. ILGIF has been at the forefront of increasing equity, diversity, and inclusion within the venture capital ecosystem, with 40% of its committed capital invested with venture capital firms led by women and people of color. Venture Capital in Cleveland | Ideastream Public Media INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PRESTO, VENTOUX, THE PROPOSED BUSINESS COMBINATION AND RELATED MATTERS. The revised merger terms reflect a pre-money valuation for Presto of $525 million. 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. All Rights Reserved. . The contractor is Wright Construction. Bonita Beach Road SW @ Imperial Shores Bonita Springs (ROW 2022-00816): Andrew Sitework LLC will be performing construction on Imperial Shores Blvd starting July 26, 2022, from Bonita Beach Road to Tarpon Avenue. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Cleveland Avenue LLC is a Venture Capital & Private Equity, and Finance company located in Chicago, Illinois with $9.00 Million in revenue and 63 employees. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. Crews will be installing light poles along the north and south side the road as well as landscaping and irrigation improvements in the median. Southbound lane along Nalle Road will be subject to temporary daily lane closures. Cleveland Clinic Ventures Investments (23) Company Name Deal Date . Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. Starting on January 9, 2023, and continuing through the end of February 2023, Imperial Shores Boulevard will be closed between Gary Road and Pine Lake Road while crews install two (2) large drainage structures with pipe crossing the road and install drainage pipe up too Little Hickory Drive. 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 For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. The roadway north and south of the work area will be open to two-way traffic. Gunnery Road Lee County DOT will be performing lane maintenance through toll plaza. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Welcome to Cleveland Avenue LLC- a venture capital firm that strategically consults and Invests in restaurant, food & beverage concepts. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. All rights reserved. Cleaveland Avenue makes investments in food & beverage companies and restaurant concepts such as Drink (a nonalcoholic beverage bar in New York City, New York), and Somrus (a line of Indian flavoured liqueurs). Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. This list is designed to show off the investors with exceptional track records, industry experience and a . We do this by making targeted investments with venture capital (VC), growth equity and private venture debt firms with a nexus to the State of Illinois. 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. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. 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. A & W Bulb Rd from Gladiolus Drive to McGregor SR 867 (Permit ROW2022-00038): Pike Electric will be working on the overhead power lines. Black Female Founders Raise Millions in Venture Capital - Business Insider Motorists wishing to access NB Imperial Shores should follow the detour to Imperial River N, to Tarpon Ave. W and travel South on Imperial Shores Blvd. This feature is in beta and may change with future updates. The firm provides resources and expertise to support remarkable companies and the people behind them. The projected end date is April 30, 2023. Accelerating growth for businesses and developing entrepreneurs. The expected project completion is late 2023. Learn more. Sidewalk closure at Crystal Drive and 12270 Metro Parkway By having a diverse team of business experts and like-minded financial partners, Cleveland Avenue is uniquely positioned to support talented and capable entrepreneurs who have been in the waiting room anxiously seeking their opportunity to grow their businesses., Andrea Zopp has joined Cleveland Avenue as Managing Partner to lead the CAST US initiative. World Business Chicago's annual venture summit expands to food innovation, May 25-26, 2022; Over 400 founders, innovators, and investors, will meet to discuss why Chicago is a global food . The fund is based in Chicago, Illinois. For further information, please contact Neil Monkman at 239-226-1601 Ext 12 or 239-462-7371 cell. Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color., Beginning April 1, 2021 entrepreneurs interested in learning more about the CAST US initiative can visitClevelandavenue.com/castus. CAST US Press Release - Cleveland Avenue station IMPERIAL SHORES Boulevard Bonita Springs FL ROW2022-00816 We are proud to partner with Cleveland Avenue and tap into over 200 years of collective experience across industries to prepare more entrepreneurs in Illinois for initial and follow-on investments. site you are consenting to these choices. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. Where the organization is headquartered (e.g. Rajul Misra & Brian Ruby The restoration efforts are part of a new underground utility improvements project for Lee County. Arc Chicago, LLC, is an investment fund created by MacArthur to further the objectives of Benefit Chicago. Active, Closed, This describes the type of investor this organization is (e.g. The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. During the work processes, men and equipment may be temporarily in the roadway. All rights reserved. Get the full list, To view Cleveland Avenues complete exits history, request access, Youre viewing 5 of 26 team members. Accel/Decel Lane, Catch Basin/Culvert Pipe, Curb & Gutter, Sidewalk, Single Entrance, Turn Lane, and Asphalt Pavement improvements will be performed between Lee Road and Domestic Avenue. Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. Chicago-based Venture Capital firm Announces $70 Million CAST US Initiative for Black, Latinx, and Women Entrepreneurs, Cleveland Avenue convenes the Illinois State Treasurer Frerichs, the Walter Family, Benefit Chicago and Impact Investors to empower underrepresented entrepreneurs. Area Wide Protective will be providing MOT services. Tony Manna combines his entrepreneurial endeavors with Hough For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. (970) 948-9787. Founded by Don and Liz Thompson, Cleveland Avenue (CA) is a privately-held venture capital firm that invests in, builds and extends brands across a range of companies, industries and . Crews will be replacing the signal. Meriem S. on LinkedIn: We celebrated Jason Ritter with a little team The typical case for the fund is to invest in rounds with 3 participants. Entrepreneurship is one of the surest ways to closing the racial wealth gap, added Dr. Helene D. Gayle, President, and CEO of The Chicago Community Trust. 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. For further information on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. Cleveland Avenue has 1 fund, including Cleveland Avenue State Treasurers Urban Success Fund. The projected start date is September 19, 2022. For further information, please contact paving@leegov.com. Number of Exits 2. Turn lanes are currently unavailable at Wild Blue Boulevard, Cypress Shadows Boulevard (The Preserve at Corkscrew), Midnight Blue Boulevard, and Bella Terra Boulevard (eastbound right-turn lane). Please be patient as travel may be slower than usual. Working hours shall be from 7:00 AM to 9:00 PM, Monday through Saturday. For further questions, please contact Jennifer Dorning by email at Jennifer.Dorning@dot.state.fl.us or by phone at (239) 338-7723. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. The said section of road will be subject to a lane closures with flaggers beginning November 28, 2022 through March 31, 2023 from 7:00 PM through 6:00 AM. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). McGregor Boulevard from Tropicana Drive to Kelly Road (ROW2022-00928): Pike Electric will be working on the overhead power lines. Cleveland Avenue serves customers in . (650) 817-9012, Investors: Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. View contacts for Cleveland Avenue to access new leads and connect with decision-makers. The projected end date is March 31, 2023. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Work is expected to be completed by the week of March 6, 2023. He works at Raulston Venture Capital in Cleveland. | Founded by Don and Liz Thompson, Cleveland Avenue (CA) is a privately-held venture capital firm that invests in, builds and extends brands across a range of companies, industries and locations. Cleveland Avenue Email Formats & Employee Phones Venture Capital Gladiolus Drive from A + W Bulb Road to Bass Road; Bass Road from Gladiolus Road to Park Royal Drive (Permit ROW2022-00230): Pike Electric will be working on the overhead power lines. Our enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Cleveland Avenue has 3 team members, including current Chief Financial Officer, Chief Investment Officer, Keith Kravcik. 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. 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. Crews are expected to work 7 a.m. to 7 p.m. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. These documents (when they are available) can also be obtained free of charge from Ventoux upon written request at Ventoux CCM Acquisition Corp., 1 East Putnam Avenue, Floor 4, Greenwich, CT 06830. The projected end date is April 30, 2023. Copyright 2023 Cleveland Avenue, LLC. current Chief Financial Officer, Chief Investment Officer, Keith Kravcik, CBI websites generally use certain cookies to enable better interactions with. Materials and information on this website are proprietary in nature belonging to Cleveland Avenue and may only be reproduced in their entirety (without modification) for the individual reader's personal or educational use and must include this notice of our proprietary interest and the prohibition of reproduction. Founded by Don Thompson, the former President and CEO of McDonalds 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. Presto welcomes Cleveland Avenue to our investor syndicate - we could not have found more aligned and strategic investors. Together, we are creating an ecosystem of business development that will make Illinois a hub of innovation with a diverse and talented group of entrepreneurs, Frerichs said. Such statements include, but are not limited to, statements about future financial and operating results, plans, objectives, expectations and intentions with respect to future operations, products and services and expectations regarding the proposed business combination between Presto and Ventoux; and other statements identified by words such as will likely result, are expected to, will continue, is anticipated, estimated, believe, intend, plan, projection, outlook or words of similar meaning. It is estimated that this detour will remain in place until the end of December 2022 until the new underground drainage is installed up to Pine Lake Rd. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT OF 20 MPH. A unique team of food and beverage specialists who drive concept growth. Information about Ventouxs directors and executive officers and their ownership of Ventouxs securities is set forth in filings with the SEC, including Ventouxs annual report on Form 10-K filed with the SEC on February 23, 2022. Cleveland Avenue LLC operates as a venture capital investment company. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. 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. The projected start date is January 30, 2023. Copyright 2023 CB Information Services, Inc. All rights reserved. Their latest investment was in Zerocater as part of their Series C on February 2, 2023. media@presto.com For additional information, please contact Neil Monkman at (230) 226-1601 Ext. Estimated completion is late 2023. For further information regarding this project please contact Andrew Sitework, LLC at 239-226-1606 or chad@andrewsitework.com Crews continue construction of the roadway between Wild Blue Boulevard and The Preserve. 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. Flaggers will assist motorists when necessary. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. 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: Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. 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. 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. Bell Blvd Bridge Closure and Detour Begins February 20, 2023: The Bell Blvd. Frerichs and Garcia are making the largest investment to date from the Illinois Growth and Innovation Fund (ILGIF), committing $16 million to foster a more inclusive venture capital ecosystem and directly impact underserved low-income communities and underinvested business entrepreneurs in Chicago. 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. Crews will work on the west side of the road initially and when that work is completed, they will shift to the east side of Cleveland Avenue/US 41. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. 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. Lane closures will start at 7:00 PM and will end by 5:00 AM daily until complete with section of job. 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. Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color.. The projected end date is May 12, 2023. lane traveling westbound on Alico Road. CBI websites generally use certain cookies to enable better interactions with our sites and services. to south on Country Club Pkwy, east on E 2nd St, south on McArthur Blvd to west on Sentinela Blvd. Copyright 2023 Cleveland Avenue, LLC. 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 . Angel, Fund of Funds, Venture Capital), General contact email for the organization. Cleveland Avenue LLC - Company Profile and News - Bloomberg Drivers are urged to use extra caution when traveling through the work zone. The work to complete this change will include installation of Qwick Curb along the centerline of Westgate Boulevard, as well as signing and pavement marking modifications, as needed, to restrict the eastbound and westbound movements to only right turns in and out at the intersection. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. Intersection Markings: Intermittent Lane closures and delays are possible 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: The one-lane road operations are estimated to continue through the end of March 2023. Fueling the success of Black, Latinx, and women entrepreneurs by investing in CAST US is a powerful opportunity to fight racial injustice and build a more equitable future in Chicago, said John Palfrey, president of the John D. and Catherine T. MacArthur Foundation,which is supporting a $10 million investment in CAST US through its Benefit Chicago collaboration withThe Chicago Community Trust, Calvert Impact Capital, and other impact investors. Learn more atwww.ilgif.com. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Lane closures are not anticipated at this time, but motorists should expect construction vehicles and minor traffic disruptions while construction activities are being performed. investor@presto.com, Brock Strasbourger Cleveland Avenue | LinkedIn Cleveland Avenue Announces $70 Million CAST US Initiative for Minority Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has filed for an initial public offering. Cleveland Avenue 29 Portfolio companies, 34 Investments, Team Cleveland Avenue launches $70M fund to invest in Chicago's Black #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. Andrew Hayes 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. We have curated a list of the top Cleveland Venture Capitalists (VC). Submitters are 7x more likely to receive a qualified connection. Ovation Brands, SUPERVALU, and McDonald's, Chief Financial Officer, Chief Investment Officer.