The typical case for the fund is to invest in rounds with 3 participants. 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. Each segment will have most of the construction completed prior to moving to the next segment. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. Alico Road Lighting and Landscaping Fort Myers (Lee County #9269): Bentley Lighting and P&T landscaping crews will be on site throughout the project along Alico Road from Ben Hill Griffin Parkway to just east of ITEC, beginning July 26, 2022, until Wednesday, February 24, 2023. Welcome to Cleveland Avenue LLC- a venture capital firm that strategically consults and Invests in restaurant, food & beverage concepts. Copyright 2023 CB Information Services, Inc. All rights reserved. Starting on February 1, 2023/February 3, 2023, there will be a two-lane closure on the eastbound middle and righthand lane on Alico Road. The investment approach is cautious to ensure the preservation of capital. Crews continue construction of the roadway between Wild Blue Boulevard and The Preserve. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. Periodic lane closures for eastbound lanes will occur between the hours of 9:00 AM and 3:30 PM on weekdays. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. At that point, work will be performed using One Lane Road operations in shorter sections as crews work their way north. Bonita Beach Road at US HWY 41 Bonita Springs (ROW2023-00205): Tierra, Inc. will be performing roadway pavement cores beginning Monday, February 27, 2023 and continue through Friday, March 3, 2023. Road Work/Maintenance/Improvement Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. . You can read more about your cookie choices at our privacy policyhere. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. to north on McArthur Blvd., west on E 2nd St to north on Country Club Pkwy to Joel Blvd. Presto overlays next-gen digital solutions onto the physical world. . Ovation Brands, SUPERVALU, and McDonald's, Chief Financial Officer, Chief Investment Officer. Description. For further information, please contact Neil Monkman at 239-226-1601 Ext 12 or 239-462-7371 cell. When available, these documents can be obtained free of charge from the sources indicated above. All work will be completed by Lee County DOT Traffic staff and will be completed between 7:00 PM and 5:00 AM on Thursday February 16, 2023. Contact Email info@clevelandavenue.com. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com 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. Gunnery Road 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. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. Learn more atwww.ilgif.com. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. The causeway islands surrounding the temporary roadway are an active work zone and are currently closed for public access. 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. Cleveland Avenue has made 43 investments. Their latest investment was in Zerocater as part of their Series C on February 2, 2023. 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. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Weather may affect start times and dates. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 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). The projected end date is March 31, 2023. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Ventoux is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. 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. Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. Southbound will be detoured from Bell Blvd. The Cleveland Avenue Food Experience is our laboratory and gathering place. The firm provides resources and expertise to support remarkable companies and the people behind them. Corkscrew Road Widening Project Phase I Construction Project: The project widens Corkscrew Road to six lanes from Ben Hill Griffin Parkway to Fire House Lane, and to four lanes from Fire House Lane to Bella Terra Boulevard. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. This south segment from Tropicana Parkway to Pine Island Road costs $13.6 million. Sidewalk and Driveway closure along Crystal Drive between 12255 S Cleveland Ave and 2378 Crystal Drive 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 projected end date is March 31, 2023. 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. Asphalt pavement sampling will be performed. Angel, Fund of Funds, Venture Capital), General contact email for the organization. For all other questions please call general foreman Denny Spencer (239)810-9071. This project consists of widening Burnt Store Road to four lanes. Lane closures will be limited to between the hours of 9:00pm to 5:00am. Copyright 2023. For further questions, please visit the project website at http://corkscrewroadwidening.com or contact Jennifer Dorning by email at Jennifer.Dorning@atkinsglobal.com or by phone at (239) 338-7723. Flaggers will assist motorists when necessary. 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. Crews continue driving sheet pile around the causeway islands. Cleaveland Avenue is a venture capital firm and startup accelerator headquartered in Chicago, Illinois, that was founded in 2015 by Don Thompson. 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. Founded at M.I.T. Chief Financial Officer & Chief Investment Officer, Managing Director, Investor Relations & Chief of Staff, Youre viewing 10 of 67 investments. The projected start date is January 30, 2023. Cleveland Avenue acquired 1 company. Therefore, motorists and pedestrians are urged to use extra caution in the area. Voters in 1848 chose to make it an elected office. Motorists will be guided to stop short of the stop bars when leaving these communities to provide space for the trucks to back in along the roadway and deliver limerock to build the road. 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. Cleveland Avenue (investor). The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. For further information regarding this project please contact Andrew Sitework, LLC at 239-226-1606 or chad@andrewsitework.com For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. The projected end date is April 30, 2023. 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. Cleveland Avenue General Information. To the extent that holdings of Ventouxs securities have changed since the amounts included in Ventouxs most recent annual report, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. After a lifetime empowering entrepreneurs and setting the stage to substantially advance more Black, Latinx, and women-owned businesses on the South and West Side of Chicago, Im beyond excited to work alongside Don, Liz, and the entire Cleveland Avenue team to support more inclusive investments, economic development, and job creation in our community.. 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. Dom's expects to open its first location in Chicago in June. For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.com. 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. 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/. By continuing to use this site you are consenting to these choices. The fund invests in companies across the food and beverages and TMT sectors. that was in place prior to hurricane Ian will be re-implemented within the next 2 weeks to allow construction to resume. Venture Capitalists (VC) play an important role in the startup ecosystem. The Village is currently designing the path to extend to the east property line of Bella Terra and on the north side of the road to east of Grandezza. All Rights Reserved. View contacts for Cleveland Avenue to access new leads and connect with decision-makers. Phone Number 312.383.6700. Copyright 2023 Cleveland Avenue, LLC. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Final Construction is scheduled for the end of July with milling and resurfacing of the roadway, new signs and new pavement markings. John Morris Road from McGregor Boulevard, 867, to Iona Road (ROW2022-00927) Pike Electric will be working on the overhead power lines. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. 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. 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. 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. Cleveland Avenue has 4 portfolio exits. Continued sidewalk closure approximately 100, February 20 through February 25, 2023 Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family . Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. 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. Then install the water main on the south side of Crystal Drive from Plantation Road to US 41 to tie into a connection point on the east side of US 41 just south of Crystal Drive. 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. 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. Investor Type Accelerator, Venture Capital. Real Times Media. Ample signs will be in place to safely guide traffic around the work area. Intermittent lane closures can be expected with variable message board on approach to notify drivers. 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. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Accelerating growth for businesses and developing entrepreneurs. site you are consenting to these choices. Acceleration Services A unique team of food and beverage specialists who drive concept growth. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. Iona Road from John Morris Road to Tahitian Drive (ROW2022-00937): Pike Electric will be working on the overhead power lines. For further information you can contact Jessie Culpepper at 239-913-9127. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. The restoration efforts are part of a new underground utility improvements project for Lee County. A Cleveland Avenue Fund . 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. Companies like Cleveland Avenue include S2G Ventures, Millenium Food-Tech, and The House Fund. 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. ILGIF aims to invest more than $1 billion on a recurring basis creating an estimated 60,000 jobs per investment cycle. 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. Get the full list, Morningstar Institutional Equity Research. Lehigh Acres Resurfacing FY22A: Lee County DOT, along with their contractor Community Asphalt will be milling and paving on various roads in Lehigh Acres. Cleveland Avenue has 3 team members, including current Chief Financial Officer, Chief Investment Officer, Keith Kravcik. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. The expected project completion is late 2023. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. 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. SaaS, Android, Cloud Computing, Medical Device). Cleveland Avenue has 1 fund, including Cleveland Avenue State Treasurers Urban Success Fund. 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. Alico Road (ROW2022-01108): Mastec will be setting a pole on Alico Road just east of Oriole Road and west of Three Oaks Parkway. Start Free Trial . Chrome Extension. 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. Media: A & W Bulb Rd from Gladiolus Drive to McGregor SR 867 (Permit ROW2022-00038): Pike Electric will be working on the overhead power lines. The information is general in nature and does not constitute advice. This project is expected to be completed in summer 2023. Informed by deep industry intelligence, we bring insight and . 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. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. We have curated a list of the top Cleveland Venture Capitalists (VC). 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. Iona Rd from Tahitian Dr to Thorton Rd (ROW2022-01012): Pike Electric will be working on the overhead power lines. Crews continue work on the 10-foot-high fence that will be used to funnel the wildlife to cross safely under Corkscrew Road. . 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. Westbound McGregor Boulevard has been reduced to one lane approaching and through the toll plaza. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. Area Wide Protective will be providing MOT services. Area Wide Protective will be providing MOT services. For further information, please contact Cole Bryan (863) 268-3941 or via email Jbryan@irbyconstruction.com. Northbound Bell Blvd. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. The goal of this impact investment effort is to create jobs, build wealth, and tackle other social and economic challenges, with a special focus on communities of color, low-income households,and historically marginalized communities. Working hours shall be from 7:00 AM to 9:00 PM, Monday through Saturday. He says venture capital dollars are hard to find in northeast Ohio, but insists money is tight everywhere . https://www.restaurantbusinessonline.com/financing/franchises-navigate-tough-waters-their-bid-growth 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 1. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Sidewalk closure at Crystal Drive and 12270 Metro Parkway Drivers are urged to use extra caution when traveling through the work zone. For further information, please contact John Dalton at (239) 898-7853. Crews are expected to work 7 a.m. to 7 p.m. 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). Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. 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. 12, or email at neil@andrewsitework.com. Rocketreach finds email, phone & social media for 450M+ professionals. 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. Their latest portfolio exit was Ureeka on September 30, 2022. Number of Exits 2. John Morris Road from Summerlin Road, 869, to McGregor Boulevard, 867 (ROW2022-00939): Pike Electric will be working on the overhead power lines. Please be patient as travel may be slower than usual. For further information, please contact Trevor Bianco at (813) 439-4433 or tbianco@tierraeng.com. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. All rights reserved. The information is general in nature and does not constitute advice. Crews will be replacing the signal. Please use caution when traveling through the project. Cleveland Avenue; Cleveland Avenue (investor - Venture Capital) clevelandavenue.com . This feature is in beta and may change with future updates. Their latest acquisition was PizzaRev on May 22, 2017. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. The projected end date is March 31, 2023. The revised merger terms reflect a pre-money valuation for Presto of $525 million. Asphalt pavement widening, embankment, base rock, concrete curbing, and striping will be performed. 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. locations may have flagged and intermittent nightly lane closures from 7:00 PM to 6:00 AM. 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. Bridge Maintenance Lee County DOT will be performing lane maintenance through toll plaza. In addition to factors previously disclosed or that will be disclosed in Ventouxs reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement or could otherwise cause the transactions contemplated therein to fail to close; (2) the outcome of any legal proceedings that may be instituted against Ventoux, Presto, the Company or others following the announcement of the proposed business combination and any definitive agreements with respect thereto; (3) the inability to complete the proposed business combination due to the failure to obtain approval of the stockholders of Ventoux or Presto; (4) the inability of Presto to satisfy other conditions to closing; (5) changes to the proposed structure of the proposed business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed business combination; (6) the ability to meet stock exchange listing standards in connection with and following the consummation of the proposed business combination; (7) the risk that the proposed business combination disrupts current plans and operations of Presto as a result of the announcement and consummation of the proposed business combination; (8) the ability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, grow its customer base, maintain relationships with customers and suppliers and retain its management and key employees; (9) the impact of the COVID-19 pandemic on the business of Presto and the Company (including the effects of the ongoing global supply chain shortage); (10) Prestos limited operating history and history of net losses; (11) Prestos customer concentration and reliance on a limited number of key technology providers and payment processors facilitating payments to and by Prestos customers; (12) costs related to proposed business combination; (13) changes in applicable laws or regulations; (14) the possibility that Presto or the Company may be adversely affected by other economic, business, regulatory, and/or competitive factors; (15) Prestos estimates of expenses and profitability; (16) the evolution of the markets in which Presto competes; (17) the ability of Presto to implement its strategic initiatives and continue to innovate its existing products; (18) the ability of Presto to adhere to legal requirements with respect to the protection of personal data and privacy laws; (19) cybersecurity risks, data loss and other breaches of Prestos network security and the disclosure of personal information; and (20) the risk of regulatory lawsuits or proceedings relating to Prestos products or services.