The projected end date is March 31, 2023. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Cleveland Avenue has 3 team members, including current Chief Financial Officer, Chief Investment Officer, Keith Kravcik. Tags: BBChicago, Black Business, BlackEntrepreneur, BlackOwned, BlackOwnedBusiness, Dsanders, SmallBusiness, Support Small Business, SupportBlackBusiness. 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 . Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Imperial Shores will be open to two-way traffic from Bonita Beach Road to Gary Road and from Pine Lake Road to Tarpon Avenue. Operating Status Active. 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. VTAQ is co-sponsored by Ventoux Acquisition Holdings and an affiliate of Chardan Capital International. Traffic will be maintained with flagmen. The information is general in nature and does not constitute advice. For further information on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. All rights reserved. Use the CB Insights Platform to explore Cleveland Avenue's full profile. Expect Victoria Avenue closed on the east side of US 41 / Cleveland Avenue. 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. lane traveling westbound on Alico Road. Crews will be replacing the signal. Please use caution and watch for workers and construction vehicles entering and leaving the roadway. 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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.. Phone Number 312.383.6700. For further questions, please contact Jennifer Dorning by email at Jennifer.Dorning@dot.state.fl.us or by phone at (239) 338-7723. Working hours shall be from 7:00 AM to 9:00 PM, Monday through Saturday. 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 VTAQ began trading on the Nasdaq on December 23, 2020 following its initial public offering. . View contacts for Cleveland Avenue to access new leads and connect with decision-makers. For further information you can contact Jessie Culpepper at 239-913-9127. 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. Asphalt pavement sampling will be performed. The Treasurers Office predates Illinois incorporation in 1818. A $70M initiative that will bridge the capital and resource gap impacting Black, Latinx, and women entrepreneurs in Chicago's South and West Side neighborhoods. 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.. site you are consenting to these choices. Therefore, motorists and pedestrians are urged to use extra caution in the area. (970) 948-9787. 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 makes the information and materials available on this website and all other electronic media for informational purposes only. Starting on April 2023 and continuing through May of 2023, crews will resume construction from Little Hickory working their way north to Esplanade Drive. 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. Hancock Bridge Parkway CIPP Project, Cape Coral Lee County DOT and their contractor Shenandoah General Construction will begin pipelining activities on Hancock Bridge Pkwy January 3, 2023. Ovation Brands, SUPERVALU, and McDonald's, Chief Financial Officer, Chief Investment Officer. 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. 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. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. 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. Cleveland Avenue LLC. Copyright 2023 CB Information Services, Inc. All rights reserved. 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. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. A unique team of food and beverage specialists who drive concept growth. Rocketreach finds email, phone & social media for 450M+ professionals. For further information, please contact Cole Bryan (863) 268-3941 or via email Jbryan@irbyconstruction.com. media@presto.com Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Oak View Road Widening (Buckingham Road) Fort Myers (ROW2022-01435): Southern Striping Solutions LLC will be performing roadway widening improvements beginning Tuesday, February 6, 2023, and continue through March 16, 2023. Alico Road (ROW2022-01108): Mastec will be setting a pole on Alico Road just east of Oriole Road and west of Three Oaks Parkway. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. When available, these documents can be obtained free of charge from the sources indicated above. Turn lanes are currently unavailable at Wild Blue Boulevard, Cypress Shadows Boulevard (The Preserve at Corkscrew), Midnight Blue Boulevard, and Bella Terra Boulevard (eastbound right-turn lane). Get the full list, To view Cleveland Avenues complete exits history, request access, Youre viewing 5 of 26 team members. Where the organization is headquartered (e.g. You can read more about your. Cleveland Avenue has made 43 investments. Each segment will have most of the construction completed prior to moving to the next segment. 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. Work times will be from 7:00 AM to 5:00 PM. Cleveland Avenue has 4 portfolio exits. The projected start date is February 20, 2023, and it is expected to be completed by March 6, 2023. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. 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. 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. Led by Cleveland Avenue, LLC (Cleveland Avenue), the $60 million equity injection will accelerate the deployment of Prestos technology throughout the restaurant industry. 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. , New York), and Somrus (a line of Indian flavoured liqueurs). Cleveland Avenue serves customers in . We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. During the work processes, men and equipment may be temporarily in the roadway. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Work will be done between the hours of 8:00 PM 4:00 AM. Copyright 2023 Cleveland Avenue, LLC. The MOT/TTC will be provided by Southwest Utility Systems. He works at Raulston Venture Capital in Cleveland. traffic will be detoured east on Sentinela Blvd. The fund is based in Chicago, Illinois. Motorist should use caution and expect some delays when work is active. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. Scott Safety, LLC will provide maintenance of traffic services (833) 723-3499. 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. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. The causeway islands surrounding the temporary roadway are an active work zone and are currently closed for public access. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Summerlin Road from Bass Road to John Morris Rd (ROW2022-00185): Andrew Sitework LLC will be performing sidewalk replacement, landscaping, Grading and sodding, and irrigation improvements along Summerlin Road from Just east of Bass Road going West to John Morris Road. 12, or email at neil@andrewsitework.com. Motorists should be aware of vehicles entering/exiting the road in this area. Motorists should expect a new traffic pattern on Friday morning, February 25. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. 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. Residents are entering and exiting communities on both sides of Corkscrew Road. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. The project is expected to be completed by spring 2023. 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. Ongoing through February 28, 2023, from 7:00 AM to 7:00 PM. The fund invests in companies across the food and beverages and TMT 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). investor@presto.com, Brock Strasbourger Work is expected to be completed by the week of March 6, 2023. Motorists should use caution, as there will be lane closures and uneven pavement in this area. For further information, please contact John Ditty at (239) 744-6503 or jditty@gcmcontracting.com. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Get the full list, Morningstar Institutional Equity Research. 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.