Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 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. The firm prefers to invest in food tech, restaurant, and technology sectors. For further information, please contact Trevor Bianco at (813) 439-4433 or tbianco@tierraeng.com. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. The expected project completion is late 2023. The Company invests in restaurant, food, and beverage companies. Area Wide Protective will be providing MOT services. 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. 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). Very incredibly proud of you and your next step Jason. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. 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. 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. 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 . (970) 948-9787. We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. Completion of SOD & Striping/Signage will occur between Wednesday, March 1, 2023 and Friday, March 17, 2023 for all improvements. 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. 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. Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. Cleveland Avenue Food and Beverage Fund I is an early stage venture capital fund managed by Cleveland Avenue. Periodic lane closures will occur during the dates provided and as described for travel lanes between 9:00 PM to 6:00 AM nightly, Monday through Sunday. The firm provides resources and expertise to support remarkable companies and the people behind them. We look forward to continuing to work with the Presto team and our investors in consummating this deal and maximizing value for all stakeholders, said Ed Scheetz, CEO & Chairman of Ventoux. Bicyclists are encouraged to utilize another mode of transportation to travel the causeway. For further information, please contact John Ditty at (239) 744-6503 or jditty@gcmcontracting.com. Work will be done between the hours of 8:00 PM 4:00 AM. 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 Cleveland Avenue Food Experience is our laboratory and gathering place. 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. 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. The proxy statement/prospectus will be sent to stockholders of Ventoux. Ample signs will be in place to safely guide traffic around the work area. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Estimated completion is late 2023. He says venture capital dollars are hard to find in northeast Ohio, but insists money is tight everywhere . 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/. The project will be constructed in three segments. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT OF 20 MPH. For questions about the project please contact Lehigh Acres Municipal Services Improvement District at 239-368-0044. 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 projected start date is January 30, 2023. Cleveland Avenue serves customers in . Directional Drill will be performed along Nalle Road from Quail Run heading south towards Sedgefield Road. Cleaveland Avenue is a venture capital firm and startup accelerator headquartered in Chicago, Illinois, that was founded in 2015 by Don Thompson. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. Iona Road from John Morris Road to Tahitian Drive (ROW2022-00937): Pike Electric will be working on the overhead power lines. Dom's Kitchen & Market, which is part market and part kitchen, said on Wednesday that it has raised another $15 million in growth capitalbringing the total amount to $25 million. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. Tags: BBChicago, Black Business, BlackEntrepreneur, BlackOwned, BlackOwnedBusiness, Dsanders, SmallBusiness, Support Small Business, SupportBlackBusiness. Sidewalk closure at Crystal Drive and 12270 Metro Parkway to north on McArthur Blvd., west on E 2nd St to north on Country Club Pkwy to Joel Blvd. Area Wide Protective will be providing MOT services. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. A Cleveland Avenue Fund . Please use caution and watch for workers and construction vehicles entering and leaving the roadway. Area Wide Protective will be providing MOT services. Cleveland Avenue is an American food investor, backing seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. 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. 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. This project is expected to be completed in summer 2023. For all other questions please call general foreman Denny Spencer (239)810-9071. 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. 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. He works at Raulston Venture Capital in Cleveland. By continuing to use this site you are consenting to these choices. 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. Weather may affect start times and dates. 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. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com The projected start date is January 30, 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. Besides this work activity, two lanes of two-way travel has been restored ahead of schedule in the Bella Terra driveway. Beginning April 1, 2021 entrepreneurs interested in learning more about the CAST US initiative can visitClevelandavenue.com/castus. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. A & W Bulb Rd from Gladiolus Drive to McGregor SR 867 (Permit ROW2022-00038): Pike Electric will be working on the overhead power lines. Motorists wishing to access NB Imperial Shores should follow the detour to Imperial River N, to Tarpon Ave. W and travel South on Imperial Shores Blvd. This 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. Please contact 239-936-9444 with any questions or concerns. Their latest acquisition was PizzaRev on May 22, 2017. Martin Luther King Jr. Boulevard. Our enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Cleveland Avenue (investor). Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 Scott Safety, LLC will provide maintenance of traffic services (833) 723-3499. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. The projected end date is March 31, 2023. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. Landscaping Tree Trimming. You can read more about your cookie choices at our privacy policyhere. The Village of Estero has begun construction on the shared use path on the south side of the road from Ben Hill Griffin Parkway to Stoneybrook Golf Drive. 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. McGregor Boulevard from Tropicana Drive to Kelly Road (ROW2022-00928): Pike Electric will be working on the overhead power lines. Cleveland Clinic Ventures Investments (23) Company Name Deal Date . Bell Blvd Bridge Closure and Detour Begins February 20, 2023: The Bell Blvd. The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. 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. Bridge Maintenance The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Aquinas Early, on behalf of Cleveland Avenue |aearly@explorefcg.com| 708-420-8570, Angelica Ramirez, on behalf of Cleveland Avenue |aramirez@explorefcg.com|. 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. About us. At that point, work will be performed using One Lane Road operations in shorter sections as crews work their way north. Accelerating growth for businesses and developing entrepreneurs. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. The projected start date is February 20, 2023, and it is expected to be completed by March 6, 2023. The average startup value when the investment from Cleveland Avenue is 500 millions - 1 billion dollars. Crews are expected to work 7:00 AM to 7:00 PM This project is expected to be completed in summer 2023. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Westgate Blvd 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. 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. The MOT/TTC will be provided by Andrew Sitework. RESCHEDULED: During the nighttime/overnight hours on Thursday, February 23, motorists are urged to plan extra time when using the Stoneybrook Golf Drive intersection. 03 or Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. brian@andrewssitework.com. For further information regarding this project please contact Andrew Sitework, LLC at 239-226-1606 or chad@andrewsitework.com Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). WORK PERFORMED BY OTHERS: This press release is not a substitute for the proxy statement/prospectus. 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.. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. 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. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. The projected end date is March 31, 2023. About Cleveland Avenue, LLC. Working hours shall be from 7:00 AM to 9:00 PM, Monday through Saturday. Cleveland Avenue Food and Beverage Fund I General Information. 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. that was in place prior to hurricane Ian will be re-implemented within the next 2 weeks to allow construction to resume. Founded at M.I.T. CBI websites generally use certain cookies to enable better interactions with our sites and services. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. This list is designed to show off the investors with exceptional track records, industry experience and a . Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Scotts Safety will be providing all maintenance of traffic services for this project. Lane closures will occur while work is being performed, Traffic will be maintained with flagmen. Voters in 1848 chose to make it an elected office. This south segment from Tropicana Parkway to Pine Island Road costs $13.6 million. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). For further information, please contact John Dalton at (239) 898-7853. Lee County DOT will be performing lane maintenance through toll plaza. Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Imperial Shores will be open to two-way traffic from Bonita Beach Road to Gary Road and from Pine Lake Road to Tarpon Avenue. RESCHEDULED: During the nighttime/overnight hours on Monday, February 20 through Wednesday, February 22, motorists are urged to plan extra time when using the Ben Hill Griffin Parkway intersection. . Area Wide Protective will be providing MOT services. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Asphalt pavement sampling will be performed. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. our sites and services. Project cost is approximately $23 M. The contractor is Cougar Contracting, LLC. Submitters are 7x more likely to receive a qualified connection. 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. Call (844) 417-2688 with any questions. 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. 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 . Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. We are intentionally committed to addressing the capital gap for underrepresented entrepreneurs and underserved communities in Chicago. Solutions. Motorists should expect construction vehicles pulling in and out of traffic near the driveways of The Preserve at Corkscrew and Bella Terra. Striping Maintenance: Lee County DOT will be performing a moving operation with traffic delays on 2-16-23 through 2-22-23 between the hours of 9:00 a.m. to 4:00 p.m. (weather permitting) on the following roadways: The projected end date is March 31, 2023. to east on Joel Blvd. 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. Motorists should use caution, as there will be lane closures and uneven pavement in this area. 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. Starting on April 2023 and continuing through May of 2023, crews will resume construction from Little Hickory working their way north to Esplanade Drive. . 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. 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. The fund invests in companies across the food and beverages and TMT sectors. When Don Thompson stepped down from his role as the first Black CEO at McDonald's in 2015, he launched Cleveland Avenue, a Chicago-based venture capital firm that has invested millions in fast . For questions, please Contact Rob Radford (239) 229-5980. 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). Pondella Road Bridge Maintenance Activities: Lee County DOT Contractor, Villafuerte Construction, will perform maintenance activities on the Pondella Road Bridge. There can be no assurance that the data contained herein is reflective of future performance to any degree. Rajul Misra & Brian Ruby 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. Venture Capitalists (VC) play an important role in the startup ecosystem. 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: Work is expected to be completed by the week of March 6, 2023. Sidewalk and Driveway closure along Crystal Drive between 12255 S Cleveland Ave and 2378 Crystal Drive Drivers are urged to use extra caution when traveling through the work zone. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. When available, these documents can be obtained free of charge from the sources indicated above. Our diverse team includes specialists that drive growth at all stages, from . lane traveling westbound on Alico Road.