Learn more. The average startup value when the investment from Cleveland Avenue is 500 millions - 1 billion dollars. For further information you can contact Jessie Culpepper at 239-913-9127. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. Please pay attention to our flaggers and maintenance of traffic as patterns may change temporarily. Crews will be working Monday through Saturday from 8:00 AM until 5:00 PM. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. Beginning April 1, 2021 entrepreneurs interested in learning more about the CAST US initiative can visitClevelandavenue.com/castus. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. Cleveland Avenue LLC. North Lee County Wellfield Expansion Phase IIIA Project Fort Myers (ROW2022-00030). 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. Investor Type Accelerator, Venture Capital. All Rights Reserved. A unique team of food and beverage specialists who drive concept growth. The projected end date is March 31, 2023. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. Cleveland Avenue has made 43 investments. Among Dom's investors is Cleveland Avenue, the venture firm started by former McDonald's CEO . Crews continue earthwork on the causeway islands. The MOT/TTC will be provided by Southwest Utility Systems. CHICAGO, IL (March 3, 2021)- Cleveland Avenue, LLC, a privately-held venture capital firm that accelerates and strategically invests in innovative concepts and emerging brands, is leading an impact initiative to bridge the capital and resource gap for Black, Latinx, and women-owned companies in Chicagos South and West Side neighborhoods. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. traffic will be detoured east on Sentinela Blvd. For further information, please contact Brian Williams with Pike at (239) 225-8037 or at bwilliams@pike.com. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. The Cleveland Avenue Food Experience is our laboratory and gathering place. Southbound will be detoured from Bell Blvd. In the greater Chicagoland area, Black and Latinx entrepreneurs have 80 percent of their equity capital needs going unmet compared to 46 percent of white business owners, according to a recent study by the consulting firm Next Street. 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. Lane closures will occur while work is being performed, Traffic will be maintained with flagmen. Cleveland Clinic Ventures Investments (23) Company Name Deal Date . Traffic will be maintained with flagmen. 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 Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color.. You can read more about your. The outside eastbound lane from Saradrienne Lane to Bonita Grande Drive on Bonita Beach Road will be subject to intermittent lane closures from 7:00 PM to 6:00 AM. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). Martin Luther King Jr. Boulevard. 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. . For further information, please contact Brian Brandfass at (239) 226-1606 Ext. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. For questions, please contact Kris Cella at (239) 337-1071. 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. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Coolidge Ave @Spur A Canal, Arthur Ave @ Spur A Canal, Richmond Ave N. @ Able Canal, Alabama Road @ Racer Canal and Bell Blvd @ Jim Canal. The project is expected to be completed by spring 2023. Then install the water main on the south side of Crystal Drive from Plantation Road to US 41 to tie into a connection point on the east side of US 41 just south of Crystal Drive. Pondella Road Bridge Maintenance Activities: Lee County DOT Contractor, Villafuerte Construction, will perform maintenance activities on the Pondella Road Bridge. Motorists should be aware of vehicles entering/exiting the road in this area. For further questions, please contact Jennifer Dorning by email at Jennifer.Dorning@dot.state.fl.us or by phone at (239) 338-7723. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. You can read more about your cookie choices at our privacy policyhere. Aquinas Early, on behalf of Cleveland Avenue |aearly@explorefcg.com| 708-420-8570, Angelica Ramirez, on behalf of Cleveland Avenue |aramirez@explorefcg.com|. This list is designed to show off the investors with exceptional track records, industry experience and a . 2. Informed by deep industry intelligence, we bring insight and . Asphalt pavement, concrete sidewalk, concrete curbing, and drainage improvements will be performed. Find top employees, contact details and business statistics at RocketReach. Scotts Safety will doing the MOT (Clint Scott at 239-340-8697). All rights reserved. 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. 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. 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. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. 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. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. Northbound Bell Blvd. Founders Don Thompson, J. Skyler Fernandes. For further information regarding this project please contact Andrew Sitework, LLC at 239-226-1606 or chad@andrewsitework.com About us. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. The projected end date is May 12, 2023. For further information, please contact paving@leegov.com. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. 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 . VTAQ began trading on the Nasdaq on December 23, 2020 following its initial public offering. 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. The causeway islands surrounding the temporary roadway are an active work zone and are currently closed for public access. The Company invests in restaurant, food, and beverage companies. Area Wide Protective will be providing MOT services. Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has filed for an initial public offering. 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/. Cleveland Avenue acquired 1 company. Bridge Maintenance Therefore, motorists and pedestrians are urged to use extra caution in the area. Copyright 2023 Cleveland Avenue, LLC. Motorists and pedestrians are urged to use extra caution in this area. 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. current Chief Financial Officer, Chief Investment Officer, Keith Kravcik, CBI websites generally use certain cookies to enable better interactions with. Established by Illinois Treasurer Frerichs, the Illinois Growth and Innovation Fund (ILGIF) is an evergreen, $1 billion impact investment fund that will invest in ways to attract, assist and retain quality technology-enabled businesses in Illinois. Copyright 2023 CB Information Services, Inc. All rights reserved. This project should be complete by the end of February. Additional information regarding the participants will also be included in the proxy statement/prospectus, when it becomes available. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include: Beyond Meat, Bhakti, Farmwise Foods, and Bright Cellars. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Diversity Spotlight (US Headquarters Only). 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. The documents filed or that will be filed with the SEC relating to the proposed business combination (when they are available) can be obtained free of charge from the SECs website at www.sec.gov. 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. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. 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 is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. Landscaping Tree Trimming. Founded by Don Thompson, the former President and CEO of McDonalds 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. Please use caution and drive with courtesy and patience throughout the project area. The fund invests in companies across the food and beverages and TMT sectors. Drivers are urged to use extra caution when traveling through the work zone. Many oversized vehicles are crossing the causeway to assist with recovery efforts on the island. 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. Iona Rd from Tahitian Dr to Thorton Rd (ROW2022-01012): Pike Electric will be working on the overhead power lines. Alico Road Curb Cut Amazon RSW5 (ROW2022-00853): Plateau Excavation, Inc. will be performing the roadway improvements, indicated as 19 ROW Alico Road on the permit, beginning Monday, January 09, 2023 and continue through Friday, March 17, 2023. The restoration efforts are part of a new underground utility improvements project for Lee County. During the work processes, men and equipment may be temporarily in the roadway. Much of the work originally scheduled for this week was rescheduled for the following week to minimize impacts to traffic AFTER the traffic shift occurs. Southbound lane along Nalle Road will be subject to temporary daily lane closures. Motorist should use caution and expect some delays when work is active. This communication is not a solicitation of a proxy from any investor or security holder. #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. Lee County DOT will be performing lane maintenance through toll plaza. Andrew Hayes 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. Area Wide Protective will be providing MOT services. The detour and one-way road on Imperial Shores Blvd. Launched in 2016, Benefit Chicago is a collaboration between the John D. and Catherine T. MacArthur Foundation, The Chicago Community Trust, and Calvert Impact Capital. View contacts for Cleveland Avenue to access new leads and connect with decision-makers. 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. By continuing to use this site you are consenting to these choices. Copyright 2023. The projected start date is January 30, 2023. A & W Bulb Rd from Gladiolus Drive to McGregor SR 867 (Permit ROW2022-00038): Pike Electric will be working on the overhead power lines. Work times will be from 7:00 AM to 5:00 PM. 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. 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. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. Please use caution when traveling through the project. He says venture capital dollars are hard to find in northeast Ohio, but insists money is tight everywhere . MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT. For further information, please contact John Ditty at (239) 744-6503 or jditty@gcmcontracting.com. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. 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.. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Flaggers will be in place directing traffic around the work area on the east side of Imperial Shores. Chrome Extension. Crews continue work on the 10-foot-high fence that will be used to funnel the wildlife to cross safely under Corkscrew Road. For further information, please contact John Dalton at (239) 898-7853. Cleveland Avenue LLC is a Venture Capital & Private Equity, and Finance company located in Chicago, Illinois with $9.00 Million in revenue and 63 employees. 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. 2023 PitchBook. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. 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. 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. to east on Joel Blvd. The projected start date is January 30, 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. Companies like Cleveland Avenue include S2G Ventures, Millenium Food-Tech, and The House Fund. Please be aware of shifts in travel lanes and bike lanes, sidewalk detours, miscellaneous turn lane closures, and uneven pavement throughout the project. . 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. Cleveland Avenue has 4 portfolio exits. The projected end date is March 31, 2023. Periodic lane closures for northbound and southbound lanes will occur between the hours of 9:00 PM and 5:00 AM on weekdays. Rocketreach finds email, phone & social media for 450M+ professionals. The contractor is Wright Construction. 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. 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. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.com. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. About Cleveland Avenue, LLC. Gladiolus Drive from A + W Bulb Road to Bass Road; Bass Road from Gladiolus Road to Park Royal Drive (Permit ROW2022-00230): Pike Electric will be working on the overhead power lines.