Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 Cleveland Avenue Food and Beverage Fund I - PitchBook 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. Solutions. Ongoing through February 28, 2023, from 7:00 AM to 7:00 PM. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. Drivers are urged to use extra caution when traveling through the work zone. Learn more. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. For further information you can contact Jessie Culpepper at 239-913-9127. The Company invests in restaurant, food, and beverage companies. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Motorists should use caution, as there will be lane closures and uneven pavement in this area. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. CASTUS - A Cleveland Avenue Fund Cleveland Avenue Announces $70 Million CAST US Initiative for Minority Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Chief Financial Officer & Chief Investment Officer, Managing Director, Investor Relations & Chief of Staff, Youre viewing 10 of 67 investments. Scott Safety, LLC will provide maintenance of traffic services (833) 723-3499. 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 . Corporate Venture Capital; Flaggers will be on the roadway directing traffic and motorist are advised to use caution for their safety and safety of the workers. When available, these documents can be obtained free of charge from the sources indicated above. Cleveland Avenue - Crunchbase Investor Profile & Investments The restoration efforts are part of a new underground utility improvements project for Lee County. Copyright 2023 CB Information Services, Inc. All rights reserved. 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. The activities will begin on January 3, 2023 and continue until February 17, 2023. Crews continue construction of the roadway between Wild Blue Boulevard and The Preserve. Cleveland Avenue has 4 portfolio exits. It is a venture capital firm and startup accelerator that is headquartered in, Cleaveland Avenue makes investments in food & beverage companies and restaurant concepts such as Drink (a nonalcoholic beverage bar in. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Additional information regarding the participants will also be included in the proxy statement/prospectus, when it becomes available. Cleaveland Avenue is a venture capital firm and startup accelerator headquartered in Chicago, Illinois, that was founded in 2015 by Don Thompson. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. 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. He works at Raulston Venture Capital in Cleveland. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. By Staff | Feb 23, 2023 Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. 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. Area Wide Protective will be providing MOT services. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. traffic will be detoured east on Sentinela Blvd. Cleveland Avenue - CrunchBase Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Motorists should expect delays and use caution as construction vehicles enter/exit the roadway. (650) 817-9012, Investors: Cleveland Avenue deals with seed ventures, early-stage, and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Cleveland Avenue, Food Retail Ventures, Landa Ventures, and Planet Capital, AgFunder, Autotech Ventures, Cavallo Ventures, Cleveland Avenue, DCVC, Future Ventures, and SeaX Ventures. Return to Cleveland Avenue Site. Acceleration Services A unique team of food and beverage specialists who drive concept growth. The detour and one-way road on Imperial Shores 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. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. Win whats next. As Illinois State Treasurer, Frerichs is the states Chief Investment and Banking Officer and actively manages approximately $37 billion. SaaS, Android, Cloud Computing, Medical Device). 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. For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.com. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. RESCHEDULED: During the nighttime/overnight hours on Thursday, February 23, motorists are urged to plan extra time when using the Stoneybrook Golf Drive intersection. 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. Crews will be replacing the signal. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. Media: 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. 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. The median demo/install will occur between Monday, January 16, 2023 and will affect the inside lanes travelling east and west between Lee Road and Domestic Avenue on Alico Road. The firm prefers to invest in food tech, restaurant, and technology sectors. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Cleveland Clinic Ventures Investor Profile: Portfolio & Exits | PitchBook Southbound lane along Nalle Road will be subject to temporary daily lane closures. Intermittent lane closures can be expected with variable message board on approach to notify drivers. Cleveland Avenue has 3 team members, including current Chief Financial Officer, Chief Investment Officer, Keith Kravcik. MEDIA CONTACTS The MOT company will be Scotts Safety and their point of contact will be Clint Scott (239)340-8697. Cleveland Avenue State Treasurers Urban Success Fund. Ryan Gardella & Michael Bowen 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 additional information, please contact Neil Monkman at (230) 226-1601 Ext. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. Westgate Blvd to east on Joel Blvd. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. Their latest portfolio exit was Ureeka on September 30, 2022. The investment approach is cautious to ensure the preservation of capital. All work will be completed by Lee County DOT Traffic staff and will be completed between 7:00pm and 5:00am on Thursday March 2, 2023. 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. Hancock Bridge Parkway CIPP Project, Cape Coral Lee County DOT and their contractor Shenandoah General Construction will begin pipelining activities on Hancock Bridge Pkwy January 3, 2023. Cleveland Avenue deals with seed ventures, early-stage, and private equity deals focused on emerging . Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. 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. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. 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. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. 2023 PitchBook. 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. US 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. 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. Directional Drill will be performed along Nalle Road from Quail Run heading south towards Sedgefield Road. 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. Venture Capital in Cleveland | Ideastream Public Media Area Wide Protective will be providing MOT services. 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. All rights reserved. Traffic will be maintained with flagmen. Cleveland Avenue Email Formats & Employee Phones Venture Capital Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. 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 typical case for the fund is to invest in rounds with 3 participants. Motorists should expect intermittent Northbound and Southbound Lane closures during nighttime/overnight hours, weather permitting. 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. 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. The project includes adding on-road bike lanes, some sidewalk, installing new drainage, and constructing a wildlife crossing approximately 1000 feet west of the entrance to Cypress Shadows Boulevard. 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 Presto welcomes Cleveland Avenue to our investor syndicate - we could not have found more aligned and strategic investors. It will be necessary to close the roadway in small sections and detour traffic around the work area. #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. For further information, please contact Neil Monkman at 239-226-1601 Ext 12 or 239-462-7371 cell. Asphalt pavement sampling will be performed. Westbound McGregor Boulevard has been reduced to one lane approaching and through the toll plaza. Coolidge Ave @Spur A Canal, Arthur Ave @ Spur A Canal, Richmond Ave N. @ Able Canal, Alabama Road @ Racer Canal and Bell Blvd @ Jim Canal. 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. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. 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. Southbound will be detoured from Bell Blvd. This feature is in beta and may change with future updates. Iona Rd from Tahitian Dr to Thorton Rd (ROW2022-01012): Pike Electric will be working on the overhead power lines. 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. The fund invests in companies across the food and beverages and TMT sectors. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. Imperial Shores will be open to two-way traffic from Bonita Beach Road to Gary Road and from Pine Lake Road to Tarpon Avenue. 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/. Each segment will have most of the construction completed prior to moving to the next segment. Beginning 7 a.m. through 5 p.m. Monday February 20 through Saturday February 25, 2023, crews will close sidewalks and driveways for water main crossing. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. 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. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. About Cleveland Avenue, LLC. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. The projected end date is May 12, 2023. Presto overlays next-gen digital solutions onto the physical world. North Lee County Wellfield Expansion Phase IIIA Project Fort Myers (ROW2022-00030). 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.. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. Our diverse team includes specialists that drive growth at all stages, from . . The project will be constructed in three segments. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com The average startup value when the investment from Cleveland Avenue is 500 millions - 1 billion dollars. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. For questions about the project please contact Lehigh Acres Municipal Services Improvement District at 239-368-0044. media@presto.com Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). Led by Cleveland Avenue, LLC (Cleveland Avenue), the $60 million equity injection will accelerate the deployment of Prestos technology throughout the restaurant industry. Very incredibly proud of you and your next step Jason. Its shares of common stock, units, warrants and rights trade under the ticker symbols VTAQ, VTAQU, VTAQW, and VTAQR respectively. 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. Motorists should be aware of vehicles entering/exiting the road in this area. Established in 2016, Cleveland Clinic Ventures is a corporate venture capital firm headquartered in Cleveland, Ohio. 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. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. The project is expected to be completed by spring 2023. This project should be complete by the end of February. The projected start date is February 9, 2023. The contractor is Wright Construction. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. 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 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. (970) 948-9787. 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.