The revised merger terms reflect a pre-money valuation for Presto of $525 million. 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. Please contact 239-936-9444 with any questions or concerns. Asphalt pavement, concrete sidewalk, concrete curbing, and drainage improvements will be performed. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. 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. Win whats next. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. This project is expected to be completed in summer 2023. 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. Cleveland Avenue (investor). Crews will be replacing the signal. The Treasurers Office predates Illinois incorporation in 1818. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. Periodic lane closures for northbound and southbound lanes will occur between the hours of 9:00 PM and 5:00 AM on weekdays. The information is general in nature and does not constitute advice. 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. Crews continue earthwork on the causeway islands. 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 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 said section of road will be subject to a lane closures with flaggers beginning November 28, 2022 through March 31, 2023 from 7:00 PM through 6:00 AM.
Cleveland Avenue Investor Profile: Portfolio & Exits | PitchBook 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. 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.
Venture Capital in Cleveland | Ideastream Public Media For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 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. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Work times will be from 7:00 AM to 5:00 PM. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com The Company invests in restaurant, food, and beverage companies. 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. 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. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. 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. Cleveland Clinic Ventures Investments (23) Company Name Deal Date . Lane closures will be limited to between the hours of 9:00pm to 5:00am. 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 . The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. Lehigh Acres Municipal Services District (LAMSID) along with Ajax Paving Industries of FL (contractor) will be resurfacing six bridge locations in Lehigh Acres. . John Morris Road from Summerlin Road, 869, to McGregor Boulevard, 867 (ROW2022-00939): Pike Electric will be working on the overhead power lines. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Alico Road Lighting and Landscaping Fort Myers (Lee County #9269): Bentley Lighting and P&T landscaping crews will be on site throughout the project along Alico Road from Ben Hill Griffin Parkway to just east of ITEC, beginning July 26, 2022, until Wednesday, February 24, 2023. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 2023 PitchBook. 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. To the extent that holdings of Ventouxs securities have changed since the amounts included in Ventouxs most recent annual report, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. The projected end date is April 30, 2023. For further information, please contact Trevor Bianco at (813) 439-4433 or tbianco@tierraeng.com. 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. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. For additional information, please contact Rhett Tillman at (239) 533-9400 or email at rtillman@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. 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 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. 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. Get the full list, To view Cleveland Avenues complete exits history, request access, Youre viewing 5 of 26 team members.
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. MEDIA CONTACTS 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 on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. Please use caution and watch for workers and construction vehicles entering and leaving the roadway. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 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. Crews are expected to work 7 a.m. to 7 p.m. 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. Coolidge Ave @Spur A Canal, Arthur Ave @ Spur A Canal, Richmond Ave N. @ Able Canal, Alabama Road @ Racer Canal and Bell Blvd @ Jim Canal. 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. . For further information you can contact Jessie Culpepper at 239-913-9127. 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. brock@ventouxccm.com 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. The information is general in nature and does not constitute advice. 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..
Cleveland Avenue 29 Portfolio companies, 34 Investments, Team 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. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT OF 20 MPH. Starting Sunday, January 15, 2023, these Founded in 2015 by industry veteran Don Thompson, we support entrepreneurs whose innovations are disrupting the norm. Continued sidewalk closure approximately 100, February 20 through February 25, 2023 Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color.. Please use caution and drive with courtesy and patience throughout the project area. Crews will be replacing the signal. Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 By Staff | Feb 23, 2023 For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. 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. our sites and services. 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. 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. The projected end date is May 12, 2023. 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. Please use caution and watch for workers and construction vehicles entering and leaving the roadway. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. 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. 2. The firm provides resources and expertise to support remarkable companies and the people behind them. That same guidance has also inspired the formation of M7 Holdings, a family investment office that brings together Manna's work in private equity, venture capital and real estate development plus a charitable foundation that's in the works under one . The causeway islands surrounding the temporary roadway are an active work zone and are currently closed for public access. Martin Luther King Jr. Boulevard.
22 Best & Most Active Cleveland Venture Capitalists (VC) 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. Intermittent lane closures can be expected with variable message board on approach to notify drivers. The projected start date is September 19, 2022. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. 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. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Drive-thrus are well-suited for automation.
CAST US Press Release - Cleveland Avenue station This work will be performed under a One Lane Road Operation. 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. Please pay attention to our flaggers and maintenance of traffic as patterns may change temporarily. About Cleveland Avenue, LLC. Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. Drivers, pedestrians, and bicyclists are urged to use extra caution when traveling through the work zone. 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. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. Gunnery Road The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Lane closures are not anticipated at this time, but motorists should expect construction vehicles and minor traffic disruptions while construction activities are being performed. 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. Lehigh Acres Resurfacing FY22A: Lee County DOT, along with their contractor Community Asphalt will be milling and paving on various roads in Lehigh Acres. Crews will be working Monday through Saturday from 8:00 AM until 5:00 PM. ACME Barricades will provide maintenance of traffic services (954) 321-3587. This feature is in beta and may change with future updates. Area Wide Protective will be providing MOT services. McGregor Boulevard from Tropicana Drive to Kelly Road (ROW2022-00928): Pike Electric will be working on the overhead power lines. 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. 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. traffic will be detoured east on Sentinela 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.
Cleveland Avenue PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. 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. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. RESCHEDULED: During the nighttime/overnight hours on Thursday, February 23, motorists are urged to plan extra time when using the Stoneybrook Golf Drive intersection. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. He has been with Cleveland Avenue since its inception in September 2015, and has a 30-year career leading financial organizations, including having spent 16 years at McDonalds Corporation. As Illinois State Treasurer, Frerichs is the states Chief Investment and Banking Officer and actively manages approximately $37 billion. 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. Bicyclists are encouraged to utilize another mode of transportation to travel the causeway. Temporary traffic Control devices will be utilized for pedestrian safety as well as that of the contractors workforce. 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. 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. Crews will be installing light poles along the north and south side the road as well as landscaping and irrigation improvements in the median. 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. 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. It seeks to mobilize $100 million in catalytic capital for nonprofits and social enterprises in Chicago. Learn more. 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. Lee County DOT will be performing lane maintenance through toll plaza. 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. Our diverse team includes specialists that drive growth at all stages, from . The firm prefers to invest in food tech, restaurant, and technology sectors. 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). 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. The work to complete this change will include installation of Qwick Curb along the centerline of Westgate Boulevard, as well as signing and pavement marking modifications, as needed, to restrict the eastbound and westbound movements to only right turns in and out at the intersection. Asphalt pavement widening, embankment, base rock, concrete curbing, and striping will be performed. Get the full list, Youre viewing 5 of 241 co-investor. The projected end date is April 30, 2023. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. By continuing to use this site you are consenting to these choices. We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. For further information, please contact John Dalton at (239) 898-7853. We have tried to select a variety of different types of investors across a variety of niches. The firm prefers to invest in food tech, restaurant, and technology sectors. This is anticipated to be completed by the end of March 2023. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. Cleveland Avenue Food and Beverage Fund I General Information.
Black Female Founders Raise Millions in Venture Capital - Business Insider 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. 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. Cleveland Avenue Food and Beverage Fund I is an early stage venture capital fund managed by Cleveland Avenue. 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. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. Bell Blvd Bridge Closure and Detour Begins February 20, 2023: The Bell Blvd. Expect Victoria Avenue closed on the east side of US 41 / Cleveland Avenue. Its shares of common stock, units, warrants and rights trade under the ticker symbols VTAQ, VTAQU, VTAQW, and VTAQR respectively. Work is expected to be completed by the week of March 6, 2023. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. He says venture capital dollars are hard to find in northeast Ohio, but insists money is tight everywhere . Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Descriptive keyword for an Organization (e.g. Lane closures will start at 7:00 PM and will end by 5:00 AM daily until complete with section of job. Aquinas Early, on behalf of Cleveland Avenue |aearly@explorefcg.com| 708-420-8570, Angelica Ramirez, on behalf of Cleveland Avenue |aramirez@explorefcg.com|. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs.