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. The revised merger terms reflect a pre-money valuation for Presto of $525 million. 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. 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. 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: Active, Closed, This describes the type of investor this organization is (e.g. Voters in 1848 chose to make it an elected office.
Cleveland Avenue 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. The information is general in nature and does not constitute advice. IMPERIAL SHORES Boulevard Bonita Springs FL ROW2022-00816 12, or email at neil@andrewsitework.com. Presto overlays next-gen digital solutions onto the physical world. 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. For further information, please contact Brian Williams with Pike at (239) 225-8037 or at bwilliams@pike.com. Beginning April 1, 2021 entrepreneurs interested in learning more about the CAST US initiative can visitClevelandavenue.com/castus. ACME Barricades will provide maintenance of traffic services (239) 479-5266. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. The typical case for the fund is to invest in rounds with 3 participants. Try for free at rocketreach.co We are intentionally committed to addressing the capital gap for underrepresented entrepreneurs and underserved communities in Chicago. Real Times Media. 1. 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. Drivers are urged to use extra caution when traveling through the work zone. Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. Venture Capitalists (VC) play an important role in the startup ecosystem. Angel, Fund of Funds, Venture Capital), General contact email for the organization. 03 or The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. Submitters are 7x more likely to receive a qualified connection. 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. current Chief Financial Officer, Chief Investment Officer, Keith Kravcik, CBI websites generally use certain cookies to enable better interactions with. Ample signs will be in place to safely guide traffic around the work area. Alico Road (ROW2022-01108): Mastec will be setting a pole on Alico Road just east of Oriole Road and west of Three Oaks Parkway. The contractor is Wright Construction. The proxy statement/prospectus will be sent to stockholders of Ventoux. . Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). He works at Raulston Venture Capital in Cleveland. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Periodic lane closures for eastbound lanes will occur between the hours of 9:00 AM and 3:30 PM on weekdays. Working hours shall be from 7:00 AM to 9:00 PM, Monday through Saturday. 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. 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. Types of diversity represented in an organization, specifically of those who are founding members, currently the CEO, or have check-writing abilities in an investment firm. 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. Rajul Misra & Brian Ruby Asphalt pavement sampling will be performed. Expect Victoria Avenue closed on the east side of US 41 / Cleveland Avenue. 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. Fiddlesticks Boulevard at Daniels Parkway and Palomino Lane at Jobe Road/Kings Crossing Road: Lee County DOT will be performing repairs to the Qwick Curb along the centerline of Fiddlesticks Boulevard at Daniels Parkway and Palomino Lane at Jobe Road/Kings Crossing Road. Crews will be replacing the signal. Please be aware of shifts in travel lanes and bike lanes, sidewalk detours, miscellaneous turn lane closures, and uneven pavement throughout the project. 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. to north on McArthur Blvd., west on E 2nd St to north on Country Club Pkwy to Joel Blvd. Please be patient as travel may be slower than usual. Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has filed for an initial public offering. site you are consenting to these choices. 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. 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 . A unique team of food and beverage specialists who drive concept growth. 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Northbound Bell Blvd. 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. Lane closures will occur while work is being performed, Traffic will be maintained with flagmen. The activities will require lane closures between 9:00 PM and 5:00 AM. 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. 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.
Cleveland Avenue Investor Profile: Portfolio & Exits | PitchBook Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All Rights Reserved. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. 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. Area Wide Protective will be providing MOT services. brian@andrewssitework.com. media@presto.com 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). | 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 locations. You can read more about your. (970) 948-9787. Scotts Safety will doing the MOT (Clint Scott at 239-340-8697). 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. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. Chicago-based Venture Capital firm Announces $70 Million CAST US Initiative for Black, Latinx, and Women Entrepreneurs, Cleveland Avenue convenes the Illinois State Treasurer Frerichs, the Walter Family, Benefit Chicago and Impact Investors to empower underrepresented entrepreneurs. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. 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 Food and Beverage Fund I is an early stage venture capital fund managed by Cleveland Avenue.
CAST US Press Release - Cleveland Avenue station 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. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. Area Wide Protective will be providing MOT services. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT OF 20 MPH. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. All rights reserved. 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. Area Wide Protective will be providing MOT services. Estimated completion is late 2023. During the work processes, men and equipment may be temporarily in the roadway. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. The project is expected to be completed by spring 2023. 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. 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.
For further information, please contact Cole Bryan (863) 268-3941 or via email Jbryan@irbyconstruction.com. This communication is for informational purposes only and is not intended to and shall not constitute a proxy statement or the solicitation of a proxy, consent or authorization with respect to any securities in respect of the proposed business combination and shall not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Motorists should expect delays and use caution as construction vehicles enter/exit the roadway. Cleveland Avenue has made 43 investments. 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. Bell Blvd Bridge Closure and Detour Begins February 20, 2023: The Bell Blvd. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. 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. Martin Luther King Jr. Boulevard. The awards and certifications we receive from customers and industry bodies reflect our continued commitment to excellence. For further information you can contact Jessie Culpepper at 239-913-9127. SaaS, Android, Cloud Computing, Medical Device). Aquinas Early, on behalf of Cleveland Avenue |aearly@explorefcg.com| 708-420-8570, Angelica Ramirez, on behalf of Cleveland Avenue |aramirez@explorefcg.com|. 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. Project cost is approximately $23 M. The contractor is Cougar Contracting, LLC. GL Homes is actively working in their development site across from Wild Blue Boulevard. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. The Cleveland Avenue Food Experience is our laboratory and gathering place. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Bradanna, Inc. will provide maintenance of traffic services (239) 455-8891. 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. Their latest portfolio exit was Ureeka on September 30, 2022. 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. 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. 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. 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. Number of Exits 2. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. All rights reserved.
Cleveland Avenue launches $70M fund to invest in Chicago's Black Cleveland Avenue Email Formats & Employee Phones Venture Capital Crews are expected to work 7:00 AM to 7:00 PM This project is expected to be completed in summer 2023. The firm prefers to invest in food tech, restaurant, and technology sectors. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Call (844) 417-2688 with any questions. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. All information set forth herein speaks only as of the date hereof in the case of information about Ventoux and Presto or the date of such information in the case of information from persons other than Ventoux and Presto, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Solutions. Speeding Porsche driver crashes in ball of flames in Roseville while eluding patrol, is badly hurt, Zerocater Raises $15 Million, Announces Expansion, Evigence Secures $18M in Series B Funding to Expand Commercialization of Freshness Management System, Evigence Raises $18 Million for Food Freshness Tech. 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. Residents are entering and exiting communities on both sides of Corkscrew Road. Copyright 2023 Cleveland Avenue, LLC. Work times will be from 7:00 AM to 5:00 PM. lane traveling westbound on Alico Road. This communication is not a solicitation of a proxy from any investor or security holder. 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. #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. Investment Stage Early Stage Venture. VTAQ began trading on the Nasdaq on December 23, 2020 following its initial public offering. Cleveland Avenue General Information. John Morris Road from Summerlin Road, 869, to McGregor Boulevard, 867 (ROW2022-00939): Pike Electric will be working on the overhead power lines. Pedestrians are not permitted on the Sanibel Causeway. 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. brock@ventouxccm.com Traffic will be maintained with flagmen. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include: Beyond Meat, Bhakti, Farmwise Foods, and Bright Cellars. Crews will be replacing the signal. Area Wide Protective will be providing MOT services. Iona Road from John Morris Road to Tahitian Drive (ROW2022-00937): Pike Electric will be working on the overhead power lines. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. Crews continue construction of the roadway between Wild Blue Boulevard and The Preserve. Return to Cleveland Avenue Site. 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. 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. Lane closures are not anticipated at this time, but motorists should expect construction vehicles and minor traffic disruptions while construction activities are being performed. US 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels.
Cleveland Avenue Portfolio Investments, Cleveland Avenue Funds Arc Chicago, LLC, is an investment fund created by MacArthur to further the objectives of Benefit Chicago. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. Please pay attention to our flaggers and maintenance of traffic as patterns may change temporarily. Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color..
Cleveland Avenue Food and Beverage Fund I - PitchBook About Cleveland Avenue, LLC. 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. 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.
Cleveland Avenue 29 Portfolio companies, 34 Investments, Team Cleveland Avenue (investor). Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. 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. 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. 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. Copyright 2023 CB Information Services, Inc. All rights reserved. our sites and services. , New York), and Somrus (a line of Indian flavoured liqueurs). The causeway islands surrounding the temporary roadway are an active work zone and are currently closed for public access. 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. 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 . For further information, please contact paving@leegov.com. Copyright 2023. By continuing to use this site you are consenting to these choices. Lane closures will start at 7:00 PM and will end by 5:00 AM daily until complete with section of job. On heavy haul days, GL Homes will be providing flaggers to reduce backups on Corkscrew Road. The investment approach is cautious to ensure the preservation of capital. For further information, please contact Eli Enders at (239) 433-3000. 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. 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. Presto overlays next-gen digital solutions onto the physical world. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. Cleveland Avenue has 1 fund, including Cleveland Avenue State Treasurers Urban Success Fund. Lane closures will be limited to between the hours of 9:00pm to 5:00am.
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.
Cleveland Avenue, Llc Ceo Don Thompson & Vital Proteins Ceo Tracey Operating Status Active. The projected end date is April 30, 2023. Corporate Venture Capital; Cleveland Avenue LLC operates as a venture capital investment company. The firm prefers to invest in food tech, restaurant, and technology sectors. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. 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.