Very incredibly proud of you and your next step Jason. Presto overlays next-gen digital solutions onto the physical world. . This shift will allow for the next phase of construction of the bridge/wildlife crossing, box culverts, and roadway on the north side (westbound) of the project. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. The projected end date is March 31, 2023. 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. The projected end date is March 31, 2023. For further information on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. Bridge Maintenance 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 projected start date is February 9, 2023. Number of Exits 2. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 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. Founded at M.I.T. Final Construction is scheduled for the end of July with milling and resurfacing of the roadway, new signs and new pavement markings. 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. 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. You can read more about your. 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. to south on Country Club Pkwy, east on E 2nd St, south on McArthur Blvd to west on Sentinela Blvd. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Iona Road from John Morris Road to Tahitian Drive (ROW2022-00937): Pike Electric will be working on the overhead power lines. The investment approach is cautious to ensure the preservation of capital. This is anticipated to be completed by the end of March 2023. The firm prefers to invest in food tech, restaurant, and technology sectors. Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family . Starting in June through July of 2023, crews will complete the work from Esplanade to Tarpon Ave under a One Lane Road operation. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. 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. Gunnery Road Motorists should expect a new traffic pattern on Friday morning, February 25. 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. Motorists should use caution, as there will be lane closures and uneven pavement in this area. US-41 & Pondella Rd, North Fort Myers: Lee County DOT Traffic will be changing out the traffic signal cabinet at US-41 & Pondella Rd on Wednesday, February 22, 2023 from 9:00 AM to 4:00 PM. Investment Stage Early Stage Venture. Copyright 2023. Please use caution when traveling through the project. By continuing to use this site you are consenting to these choices. Drivers, pedestrians, and bicyclists are urged to use extra caution when traveling through the work zone. Motorists should be aware of vehicles entering/exiting the road in this area. 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. Cleveland Clinic Ventures Investments (23) Company Name Deal Date . The expected project completion is late 2023. This project is expected to be completed in summer 2023. 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. Area Wide Protective will be providing MOT services. The awards and certifications we receive from customers and industry bodies reflect our continued commitment to excellence. John Morris Road from Summerlin Road, 869, to McGregor Boulevard, 867 (ROW2022-00939): Pike Electric will be working on the overhead power lines. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. 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 is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. 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. 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: Copyright 2023 CB Information Services, Inc. All rights reserved. For further information, please contact Trevor Bianco at (813) 439-4433 or tbianco@tierraeng.com. Westbound McGregor Boulevard has been reduced to one lane approaching and through the toll plaza. For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). Residents are entering and exiting communities on both sides of Corkscrew Road. 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.. 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. 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). 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. Drivers are urged to use extra caution when traveling through the work zone. Road Work/Maintenance/Improvement 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Cleveland Avenue deals with seed ventures, early-stage, and private equity deals focused on emerging . 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. Cleveland Avenue (investor). McGregor Boulevard from Tropicana Drive to Kelly Road (ROW2022-00928): Pike Electric will be working on the overhead power lines. Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. For further information regarding this project please contact Andrew Sitework, LLC at 239-226-1606 or chad@andrewsitework.com This project consists of widening Burnt Store Road to four lanes. Venture Capitalists (VC) play an important role in the startup ecosystem. that was in place prior to hurricane Ian will be re-implemented within the next 2 weeks to allow construction to resume. Informed by deep industry intelligence, we bring insight and discipline to streamline and accelerate businesses. Crews will be working Monday through Saturday from 8:00 AM until 5:00 PM. Led by Cleveland Avenue, LLC (Cleveland Avenue), the $60 million equity injection will accelerate the deployment of Prestos technology throughout the restaurant industry. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. MEDIA CONTACTS Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. 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. 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. Diversity Spotlight (US Headquarters Only). The firm provides resources and expertise to support remarkable companies and the people behind them. Cleveland Avenue has made 43 investments. Crystal Drive (Plantation Road to US 41) Water Main Improvements (ROW 2022-00020): Beginning April 4, 2022, contractors for Lee County will install new water main beginning on the west side of Planation Road just south of the roundabout with Crystal Drive. Submitters are 7x more likely to receive a qualified connection. It seeks to mobilize $100 million in catalytic capital for nonprofits and social enterprises in Chicago. Chrome Extension. 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. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. Scott Safety, LLC will provide maintenance of traffic services (833) 723-3499. The projected end date is April 30, 2023. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. 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). Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. Cleveland Avenue has 4 portfolio exits. Informed by deep industry intelligence, we bring insight and . Please be aware of shifts in travel lanes and bike lanes, sidewalk detours, miscellaneous turn lane closures, and uneven pavement throughout the project. The one-lane road operations are estimated to continue through the end of March 2023. Rajul Misra & Brian Ruby Crews continue driving sheet pile around 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. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Welcome to Cleveland Avenue LLC- a venture capital firm that strategically consults and Invests in restaurant, food & beverage concepts. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. Lane closures will start at 7:00 PM and will end by 5:00 AM daily until complete with section of job. INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PRESTO, VENTOUX, THE PROPOSED BUSINESS COMBINATION AND RELATED MATTERS. Please be aware of the advanced warning signs in these areas. Working hours shall be from 7:00 AM to 9:00 PM, Monday through Saturday. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. Weather may affect start times and dates. 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. 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. Asphalt pavement sampling will be performed. Operating Status Active. Both northbound and southbound lanes of Buckingham Road will be subject to lane closures during nighttime milling and paving operations. Then install the water main on the south side of Crystal Drive from Plantation Road to US 41 to tie into a connection point on the east side of US 41 just south of Crystal Drive. The projected end date is May 12, 2023. By Staff | Feb 23, 2023 Storm water work outside of sidewalk/travel lanes will be ongoing from Wednesday, January 11, 2023 through Friday, February 24, 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. The Cleveland Avenue Food Experience is our laboratory and gathering place. Please be patient as travel may be slower than usual. 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. We have tried to select a variety of different types of investors across a variety of niches. 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. 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. Lee County DOT will be performing lane maintenance through toll plaza. Cleveland Avenue General Information. Scotts Safety will doing the MOT (Clint Scott at 239-340-8697). 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 additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. bridge between Crestview Pl & Scenic St, mile south of the Joel Blvd/ Leeland Heights Blvd. 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. Arc Chicago, LLC, is an investment fund created by MacArthur to further the objectives of Benefit Chicago. Area Wide Protective will be providing MOT services. For all other questions please call general foreman Denny Spencer (239)810-9071. 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. (970) 948-9787. Learn more atwww.ilgif.com. About us. All rights reserved. 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, 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 and Liz Thompson, Cleveland Avenue is a privately-held venture capital firm that accelerates and strategically invests in innovative food, beverage, and restaurant concepts and emerging brands. The activities will begin on January 3, 2023 and continue until February 17, 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. Flaggers will assist motorists when necessary. We believe the additional capital provides a powerful vote of confidence in the business combination and will give Presto all the tools needed for an excellent start in its public life. A unique team of food and beverage specialists who drive concept growth. Project cost is approximately $23 M. The contractor is Cougar Contracting, LLC. For further information, please contact Neil Monkman at 239-226-1601 Ext 12 or 239-462-7371 cell. 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. The roadway north and south of the work area will be open to two-way traffic. Andrew Hayes Lane closures are not anticipated at this time, but motorists should expect construction vehicles and minor traffic disruptions while construction activities are being performed. You can read more about your cookie choices at our privacy policyhere. Burnt Store Road from Tropicana Parkway to Pine Island Road: Motorists should expect temporary southbound traffic diversions from 7:00 AM to 7:00 PM. Area Wide Protective will be providing MOT services. 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. Lane closures will be limited to between the hours of 9:00pm to 5:00am. As Illinois State Treasurer, Frerichs is the states Chief Investment and Banking Officer and actively manages approximately $37 billion. The projected start date is January 30, 2023. Try for free at rocketreach.co Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. The projected start date is February 20, 2023, and it is expected to be completed by March 6, 2023. 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. Presto welcomes Cleveland Avenue to our investor syndicate - we could not have found more aligned and strategic investors. . All rights reserved. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. . 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. John Morris Road from McGregor Boulevard, 867, to Iona Road (ROW2022-00927) Pike Electric will be working on the overhead power lines. For questions, please Contact Rob Radford (239) 229-5980. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. Flaggers will be in place directing traffic around the work area on the east side of Imperial Shores. RESCHEDULED: During the nighttime/overnight hours on Thursday, February 23, motorists are urged to plan extra time when using the Stoneybrook Golf Drive intersection. 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. 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. intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. Periodic lane closures for northbound and southbound lanes will occur between the hours of 9:00 PM and 5:00 AM on weekdays. 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 turn lane closures and intermittent traffic stops as equipment is removed and replaced. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. Such statements include, but are not limited to, statements about future financial and operating results, plans, objectives, expectations and intentions with respect to future operations, products and services and expectations regarding the proposed business combination between Presto and Ventoux; and other statements identified by words such as will likely result, are expected to, will continue, is anticipated, estimated, believe, intend, plan, projection, outlook or words of similar meaning. 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. 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. MOT will be provided through ACME Barricades (239)479-5266; DBlack@acmebarricades.com dtanner@acmebarricades.com. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. ACME Barricades will provide maintenance of traffic services (239) 479-5266. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. 9500 Euclid Avenue; Cleveland, OH 44195; United States +1 (800) 000-0000.