Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For further information, please contact Brian Brandfass at (239) 226-1606 Ext. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. 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. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. 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. Work is expected to be completed by the week of March 6, 2023. 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. 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. 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. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com 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. Please pay attention to our flaggers and maintenance of traffic as patterns may change temporarily. 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. 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. Temporary traffic Control devices will be utilized for pedestrian safety as well as that of the contractors workforce. Motorists should expect intermittent Northbound and Southbound Lane closures during nighttime/overnight hours, weather permitting. A detour will be in place with ample signs routing traffic around the work area. Try for free at rocketreach.co Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. Roadwatch Update locations may have flagged and intermittent nightly lane closures from 7:00 PM to 6:00 AM. |, https://presto.com/wp-content/uploads/2022/12/presto_voice_homepage_720p_v2.mp4, https://presto.com/wp-content/uploads/2021/12/presto_raj_yahoo_finance_interview_12_2021_720p.mp4, https://presto.com/wp-content/uploads/2021/09/presto_flex_1080p.mp4. Our diverse team includes specialists that drive growth at all stages, from . The detour and one-way road on Imperial Shores Blvd. The projected start date is February 20, 2023, and it is expected to be completed by March 6, 2023. Chief Financial Officer & Chief Investment Officer, Managing Director, Investor Relations & Chief of Staff, Youre viewing 10 of 67 investments. Edit Lists Featuring This Company Section, Venture Capital Companies With Fewer Than 1000 Employees (Top 10K), Early Stage Venture Investors with Investments in United States, Illinois Companies With Less Than $1B in Revenue (Top 10K). Cleveland Avenue, Food Retail Ventures, Landa Ventures, and Planet Capital, AgFunder, Autotech Ventures, Cavallo Ventures, Cleveland Avenue, DCVC, Future Ventures, and SeaX Ventures. 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. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.com. The revised merger terms reflect a pre-money valuation for Presto of $525 million. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Scotts Safety will doing the MOT (Clint Scott at 239-340-8697). Led by Cleveland Avenue, LLC (Cleveland Avenue), the $60 million equity injection will accelerate the deployment of Prestos technology throughout the restaurant industry. . With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Motorist should use caution and expect some delays when work is active. ACME Barricades will provide maintenance of traffic services (954) 321-3587. Work will consist of new water main on the west side of Imperial Shores followed by new drainage pipe & structures, sidewalks, curb & gutter, roadway rebuilding on the east side of Imperial Shores. For further information, please contact paving@leegov.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. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. Rajul Misra & Brian Ruby Additional information regarding the participants will also be included in the proxy statement/prospectus, when it becomes available. Acceleration Services A unique team of food and beverage specialists who drive concept 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 Cleveland Avenue, a food innovation-focused venture capital firm from former McDonald's CEO Don Thompson, has launched a new $70 million fund that will invest in Chicago companies owned by Black . site you are consenting to these choices. Pedestrians are not permitted on the Sanibel Causeway. Sidewalk and Driveway closure along Crystal Drive between 12255 S Cleveland Ave and 2378 Crystal Drive ACME Barricades will provide maintenance of traffic services (239) 479-5266. 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. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. This feature is in beta and may change with future updates. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. For further information, please contact Cole Bryan (863) 268-3941 or via email Jbryan@irbyconstruction.com. Motorists should expect a new traffic pattern on Friday morning, February 25. 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. 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. Phone Number 312.383.6700. our sites and services. 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. Among Dom's investors is Cleveland Avenue, the venture firm started by former McDonald's CEO . For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. 1375 Euclid Avenue, Cleveland, Ohio 44115 (216) 916-6100 | (877) 399-3307 WKSU is a public media service licensed to Kent State University and operated by Ideastream Public Media. Ample signs will be in place to safely guide traffic around the work area. Area Wide Protective will be providing MOT services. Crews are expected to work 7:00 AM to 7:00 PM This project is expected to be completed in summer 2023. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT OF 20 MPH. Companies like Cleveland Avenue include S2G Ventures, Millenium Food-Tech, and The House Fund. Crews continue earthwork on the causeway islands. 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. Area Wide Protective will be providing MOT services. Cleveland Avenue has 3 team members, including current Chief Financial Officer, Chief Investment Officer, Keith Kravcik. Southbound will be detoured from Bell Blvd. Estimated completion is late 2023. By continuing to use this site you are consenting to these choices. 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. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. 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 said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. McGregor Boulevard from Tropicana Drive to Kelly Road (ROW2022-00928): Pike Electric will be working on the overhead power lines. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. 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. 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. 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. Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. Voters in 1848 chose to make it an elected office. The projected start date is February 9, 2023. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. Work times will be from 7:00 AM to 5:00 PM. The activities will require lane closures between 9:00 PM and 5:00 AM. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. This list is designed to show off the investors with exceptional track records, industry experience and a . 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. About Cleveland Avenue, LLC. Motorists should expect intermittent northbound and southbound lane closures and detours on US 41/Cleveland Avenue during daytime and nighttime/overnight hours Monday through Friday throughout the duration of the project. At that point, work will be performed using One Lane Road operations in shorter sections as crews work their way north. 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. 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: Cleveland Avenue State Treasurers Urban Success Fund. Description. Pine Island Emergency Repairs- Between 4274 and 4120 Pine Island Road: Starting Wednesday February 22nd through Friday March 3rd motorists should expect temporary lane closures with flaggers between 7:00 PM and 5:00 AM while conducting underground construction. bridge between Crestview Pl & Scenic St, mile south of the Joel Blvd/ Leeland Heights Blvd. Founded at M.I.T. The fund invests in companies across the food and beverages and TMT sectors. 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. Search Crunchbase. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Final Construction is scheduled for the end of July with milling and resurfacing of the roadway, new signs and new pavement markings. 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. The Treasurers Office predates Illinois incorporation in 1818. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. Submitters are 7x more likely to receive a qualified connection. All rights reserved. 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 . 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. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. Lane closures will start at 7:00 PM and will end by 5:00 AM daily until complete with section of job. Lee County DOT will be performing lane maintenance through toll plaza. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Its shares of common stock, units, warrants and rights trade under the ticker symbols VTAQ, VTAQU, VTAQW, and VTAQR respectively. Bicyclists should expect the bike lane from Stoneybrook Golf Drive to just east of Wildcat Run to be combined with the travel lane while crews work on the north side of the road. Traffic will be maintained with flagmen. The projected end date is March 31, 2023. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. 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. Learn more atwww.ilgif.com. The portfolio includes $16 billion in state funds, $15 billion in retirement and college savings plans, and $6 billion on behalf of local and state governments. Andrew Hayes Number of Exits 2. Cleveland Avenue has made 43 investments. Investment Stage Early Stage Venture. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. 1. 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. For more project information please contact the Citys public information consultant, Cella Molnar & Associates, Inc. at 239-337-1071 or via e-mail to thayden@cella.cc. 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. 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 . Motorists should expect intermittent northbound and southbound lane closures and detours on US 41/Cleveland Avenue during daytime and nighttime/overnight hours Monday through Friday throughout the duration of the project. 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. 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. 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. (650) 817-9012, Investors: 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. We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. VTAQ began trading on the Nasdaq on December 23, 2020 following its initial public offering. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. New York (July 26, 2022) Ventoux CCM Acquisition Corp. (Ventoux) (NASDAQ: VTAQ) and Presto today announced revised merger deal terms resulting in a $60 million equity investment alongside approximately $40 million expected from other sources, including $13 million held in Ventouxs trust account assuming no redemptions, into their previously announced business combination which will result in Presto becoming a publicly traded company. Work will be done between the hours of 8:00 PM 4:00 AM. Road Work/Maintenance/Improvement Ryan Gardella & Michael Bowen 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. Cleveland Avenue has tremendous experience investing in innovative food and technology brands and restaurant operation platforms with an impressive portfolio that includes Beyond Meat, Footprint and Farmers Fridge. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Cleveland Avenue has 4 portfolio exits. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 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.