The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. The company is looking to raise roughly $200 million in the stock sale for its portfolio of burger, chicken and sausage replacements, sellin Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. This communication is not a solicitation of a proxy from any investor or security holder. US 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. The projected end date is March 31, 2023. Cleveland Avenue | 4,571 followers on LinkedIn. For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. 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. 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. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Crews will be installing light poles along the north and south side the road as well as landscaping and irrigation improvements in the median. Cleveland Avenue LLC operates as a venture capital investment company. WORK PERFORMED BY OTHERS: 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. The revised merger terms reflect a pre-money valuation for Presto of $525 million. locations may have flagged and intermittent nightly lane closures from 7:00 PM to 6:00 AM. Bonita Beach Road, Bonita Springs (ROW2021-00508): Irby Construction will be replacing poles down Bonita Beach Rd for Florida Power and Light beginning February 6, 2023 through March 6, 2023. 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. IMPERIAL SHORES Boulevard Bonita Springs FL ROW2022-00816 Angel, Fund of Funds, Venture Capital), General contact email for the organization. Lehigh Acres Municipal Services District (LAMSID) along with Ajax Paving Industries of FL (contractor) will be resurfacing six bridge locations in Lehigh Acres. 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. We have tried to select a variety of different types of investors across a variety of niches. The expected project completion is late 2023. 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. For additional information, please contact Neil Monkman at (230) 226-1601 Ext. The bridge locations are: The projected end date is March 31, 2023. Acceleration Services A unique team of food and beverage specialists who drive concept growth. Cleveland Avenue LLC. Starting in June through July of 2023, crews will complete the work from Esplanade to Tarpon Ave under a One Lane Road operation. MEDIA CONTACTS 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. Motorists should use caution while driving in the area. View contacts for Cleveland Avenue to access new leads and connect with decision-makers. For further information, please contact Neil Monkman at 239-226-1601 Ext 12 or 239-462-7371 cell. Arc Chicago, LLC, is an investment fund created by MacArthur to further the objectives of Benefit Chicago. The Cleveland Avenue State Treasurer Urban Success Initiative (CAST US) intends to leverage the investment and entrepreneurial development expertise of Cleveland Avenue to support historically underserved entrepreneurs. brock@ventouxccm.com MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT. investor@presto.com, Brock Strasbourger At the end of February 2023, crews with then open the roadway to two-way traffic while they install drainage pipe and make improvements from Gary Road south to near Bonita Beach Road. Their latest portfolio exit was Ureeka on September 30, 2022. There will be lane closures in the westbound and eastbound lanes of Bonita Beach Road, southbound lanes of Windsor Road and southbound outside turning lane of US HWY 41. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. Your communication with us through this website is not privileged or confidential, unless a client relationship has otherwise been established between us and such communication is protected under applicable law. 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. Burnt Store Road from Tropicana Parkway to Pine Island Road: Motorists should expect temporary southbound traffic diversions from 7:00 AM to 7:00 PM. https://www.restaurantbusinessonline.com/financing/franchises-navigate-tough-waters-their-bid-growth The roadway north and south of the work area will be open to two-way traffic. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Forecasts and estimates regarding Prestos industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. GL Homes is actively working in their development site across from Wild Blue Boulevard. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. A detour will be in place with ample signs routing traffic around the work area. 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. Ryan Gardella & Michael Bowen Active, Closed, This describes the type of investor this organization is (e.g. All rights reserved. In October 2022, it closed a $11.5 million Series B with investors including Cleveland Avenue State Treasurer Urban Success Fund, Fearless Fund, Kaya Ventures, and Supply Change Capital. Crews are expected to work 7:00 AM to 7:00 PM This project is expected to be completed in summer 2023. Cleveland Avenue serves customers in . The firm prefers to invest in seed-stage, early-stage, and later-stage companies. The projected start date is January 30, 2023. ACME Barricades will provide maintenance of traffic services (239) 479-5266. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. It will be necessary to close the roadway in small sections and detour traffic around the work area. site you are consenting to these choices. Founded at M.I.T. This will be a nighttime operation and periodic lane closures for these lanes will occur between the hours of 7 p.m. and 6 a.m. on the weekdays. ACME Barricades will provide maintenance of traffic services (954) 321-3587. Sidewalk and Driveway closure along Crystal Drive between 12255 S Cleveland Ave and 2378 Crystal Drive Ongoing through February 28, 2023, from 7:00 AM to 7:00 PM. Asphalt pavement widening, embankment, base rock, concrete curbing, and striping will be performed. Sidewalk closure at Crystal Drive and 12270 Metro Parkway 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. 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). Bonita Beach Road SW between Meadowlark Lane and Windsor Road Bonita Springs, FL (ROW2022-00329): Bradanna, Inc. will be performing roadway and sidewalk improvements beginning Monday, April 10, 2022, and continuing through Sunday, April 30, 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. Copyright 2023 Cleveland Avenue, LLC. Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 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. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. For further information, please contact Eli Enders at (239) 433-3000. 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 . bridge between Crestview Pl & Scenic St, mile south of the Joel Blvd/ Leeland Heights Blvd. Coolidge Ave @Spur A Canal, Arthur Ave @ Spur A Canal, Richmond Ave N. @ Able Canal, Alabama Road @ Racer Canal and Bell Blvd @ Jim Canal. Traffic will be maintained with flagmen. Bell Blvd Bridge Closure and Detour Begins February 20, 2023: The Bell Blvd. About us. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. Area Wide Protective will be providing MOT services. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. Cleveland Avenue has 4 portfolio exits. Please use caution and drive with courtesy and patience throughout the project area. For further information on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. Get the full list, To view Cleveland Avenues complete exits history, request access, Youre viewing 5 of 26 team members. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. The restoration efforts are part of a new underground utility improvements project for Lee County. Oak View Road Widening (Buckingham Road) Fort Myers (ROW2022-01435): Southern Striping Solutions LLC will be performing roadway widening improvements beginning Tuesday, February 6, 2023, and continue through March 16, 2023. Crews continue construction of the roadway between Wild Blue Boulevard and The Preserve. 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. The Cleveland Avenue Food Experience is our laboratory and gathering place. The investment approach is cautious to ensure the preservation of capital. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. All Rights Reserved. Win whats next. 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. Much of the work originally scheduled for this week was rescheduled for the following week to minimize impacts to traffic AFTER the traffic shift occurs. Martin Luther King Jr. Boulevard. McGregor Boulevard from Tropicana Drive to Kelly Road (ROW2022-00928): Pike Electric will be working on the overhead power lines. Among Dom's investors is Cleveland Avenue, the venture firm started by former McDonald's CEO . 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. Crews continue driving sheet pile around the causeway islands. Crews will be replacing the signal. Our diverse team includes specialists that drive growth at all stages, from . Cleveland Clinic Ventures Investments (23) Company Name Deal Date . 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. Description. Cleaveland Avenue is a venture capital firm and startup accelerator headquartered in Chicago, Illinois, that was founded in 2015 by Don Thompson. Intermittent lane closures can be expected with variable message board on approach to notify drivers. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. The documents filed or that will be filed with the SEC relating to the proposed business combination (when they are available) can be obtained free of charge from the SECs website at www.sec.gov. Learn more atwww.ilgif.com. 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. This project should be complete by the end of February. 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. Media: With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Corporate Venture Capital; The projected start date is September 19, 2022. Lane closures will occur while work is being performed, Traffic will be maintained with flagmen. 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. 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. For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.com. 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. Scotts Safety will doing the MOT (Clint Scott at 239-340-8697). This shift will allow for the next phase of construction of the bridge/wildlife crossing, box culverts, and roadway on the north side (westbound) of the project. Cleveland Avenue has made 43 investments. The Cleveland Avenue State Treasurer Urban Success Initiative (CAST US) intends to leverage the investment and entrepreneurial development expertise of Cleveland Avenue to support historically underserved entrepreneurs. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. In connection with the proposed business combination involving Ventoux and Presto, Ventoux has filed a registration statement, which includes a preliminary proxy statement/prospectus, with the SEC. 2. Project cost is approximately $23 M. The contractor is Cougar Contracting, LLC. Accelerating growth for businesses and developing entrepreneurs. 9500 Euclid Avenue; Cleveland, OH 44195; United States +1 (800) 000-0000. Crews will be replacing the signal. Pedestrians should expect the sidewalk on the south side of the road closed from Ben Hill Griffin Parkway to Stoneybrook Golf Drive while the Village of Estero constructs the shared use path. CBI websites generally use certain cookies to enable better interactions with our sites and services. That same guidance has also inspired the formation of M7 Holdings, a family investment office that brings together Manna's work in private equity, venture capital and real estate development plus a charitable foundation that's in the works under one . 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. Flaggers will assist motorists when necessary. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include: Beyond Meat, Bhakti, Farmwise Foods, and Bright Cellars. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. For further information, please contact Brian Brandfass at (239) 226-1606 Ext. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. Lane closures are not anticipated at this time, but motorists should expect construction vehicles and minor traffic disruptions while construction activities are being performed. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. The project is expected to be completed by spring 2023. 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. 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. Their latest investment was in Zerocater as part of their Series C on February 2, 2023. Southbound will be detoured from Bell Blvd. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. 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. Please use caution and watch for workers and construction vehicles entering and leaving the roadway. The projected start date is January 30, 2023. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. The average startup value when the investment from Cleveland Avenue is 500 millions - 1 billion dollars. Alico Road (ROW2022-01108): Mastec will be setting a pole on Alico Road just east of Oriole Road and west of Three Oaks Parkway. . Completion of SOD & Striping/Signage will occur between Wednesday, March 1, 2023 and Friday, March 17, 2023 for all improvements. This list is designed to show off the investors with exceptional track records, industry experience and a . Call (844) 417-2688 with any questions. 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. Andrew Hayes 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. The firm prefers to invest in food tech, restaurant, and technology sectors. A $70M initiative that will bridge the capital and resource gap impacting Black, Latinx, and women entrepreneurs in Chicago's South and West Side neighborhoods.

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