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Crews are expected to work 7 a.m. to 7 p.m. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Cleveland Avenue LLC: Contact Details and Business Profile 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. 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. Drivers are urged to use extra caution when traveling through the work zone. Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. John Morris Road from Summerlin Road, 869, to McGregor Boulevard, 867 (ROW2022-00939): Pike Electric will be working on the overhead power lines. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. 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. For further information, please contact John Ditty at (239) 744-6503 or jditty@gcmcontracting.com. The project will be constructed in three segments. For further questions, please contact Jennifer Dorning by email at Jennifer.Dorning@dot.state.fl.us or by phone at (239) 338-7723. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. The Cleveland Avenue Food Experience is our laboratory and gathering place. The restoration efforts are part of a new underground utility improvements project for Lee County. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Meriem S. on LinkedIn: We celebrated Jason Ritter with a little team All Rights Reserved. Cleveland Avenue launches $70M fund to invest in Chicago's Black to south on Country Club Pkwy, east on E 2nd St, south on McArthur Blvd to west on Sentinela Blvd. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. 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. Presto welcomes Cleveland Avenue to our investor syndicate - we could not have found more aligned and strategic investors. There can be no assurance that the data contained herein is reflective of future performance to any degree. 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. About us. All rights reserved. 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 . Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Our diverse team includes specialists that drive growth at all stages, from . Besides this work activity, two lanes of two-way travel has been restored ahead of schedule in the Bella Terra driveway. GL Homes is actively working in their development site across from Wild Blue Boulevard. Bridge Maintenance locations may have flagged and intermittent nightly lane closures from 7:00 PM to 6:00 AM. The projected end date is March 31, 2023. Call (844) 417-2688 with any questions. 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. 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. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. Cleveland Avenue State Treasurers Urban Success Fund. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. Motorists should expect delays and use caution as construction vehicles enter/exit the roadway. Gunnery Road Phone Number 312.383.6700. 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. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. 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. Operating Status Active. Aquinas Early, on behalf of Cleveland Avenue |aearly@explorefcg.com| 708-420-8570, Angelica Ramirez, on behalf of Cleveland Avenue |aramirez@explorefcg.com|. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. Estimated completion is late 2023. Sidewalk closure at Crystal Drive and 12270 Metro Parkway The firm prefers to invest in food tech, restaurant, and technology sectors. All rights reserved. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. 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. The typical case for the fund is to invest in rounds with 3 participants. The fund is based in Chicago, Illinois. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family . Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. 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. The detour and one-way road on Imperial Shores Blvd. Some of our portfolio brands include Beyond Meat, Farmer's Fridge, Zero Cater, Sustainable . The expected project completion is late 2023. For further information you can contact Jessie Culpepper at 239-913-9127. 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. The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. This project should be complete by the end of February. 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. 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 traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. With over 250,000 systems shipped, Presto is one of the largest labor automation technology providers in the industry. 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 . 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. This will be a nighttime operation and periodic lane closures for these lanes will occur between the hours of 7 p.m. and 6 a.m. on the weekdays. to east on Joel Blvd. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. Imperial Shores will be open to two-way traffic from Bonita Beach Road to Gary Road and from Pine Lake Road to Tarpon Avenue. Ryan Gardella & Michael Bowen 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). Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 For further information, please contact Brian Williams with Pike at (239) 225-8037 or at bwilliams@pike.com. Area Wide Protective will be providing MOT services. 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. 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. North Lee County Wellfield Expansion Phase IIIA Project Fort Myers (ROW2022-00030). intersection will be closed to all through traffic beginning Monday February 20, 2023 for repairs. 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. 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. Please use caution when traveling through the project. Please use caution and watch for workers and construction vehicles entering and leaving the roadway. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. New York (July 26, 2022) Ventoux CCM Acquisition Corp. (Ventoux) (NASDAQ: VTAQ) and Presto today announced revised merger deal terms resulting in a $60 million equity investment alongside approximately $40 million expected from other sources, including $13 million held in Ventouxs trust account assuming no redemptions, into their previously announced business combination which will result in Presto becoming a publicly traded company. This work will be performed under a One Lane Road Operation. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. This project is expected to be completed in summer 2023. Bicyclists are encouraged to utilize another mode of transportation to travel the causeway. 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. Andrew Hayes brian@andrewssitework.com. A unique team of food and beverage specialists who drive concept growth. We have tried to select a variety of different types of investors across a variety of niches. 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. 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. The revised merger terms reflect a pre-money valuation for Presto of $525 million. CBI websites generally use certain cookies to enable better interactions with our sites and services. 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. Media: For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Motorists and pedestrians are urged to use extra caution in this area. Cleveland Avenue | LinkedIn 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. Both northbound and southbound lanes of Buckingham Road will be subject to lane closures during nighttime milling and paving operations. 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. 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. This south segment from Tropicana Parkway to Pine Island Road costs $13.6 million. 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. Lane closures will be limited to between the hours of 9:00pm to 5:00am. The outside (right) lane of Eastbound traffic on Bonita Beach Road SW between Meadowlark Lane and Windsor Road will be subject to lane closures. 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. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. 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: The firm prefers to invest in food tech, restaurant, and technology sectors. Start Free Trial . 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. In connection with the proposed business combination involving Ventoux and Presto, Ventoux has filed a registration statement, which includes a preliminary proxy statement/prospectus, with the SEC. Crews are expected to work 7:00 AM to 7:00 PM This project is expected to be completed in summer 2023. Chrome Extension. Number of Exits 2. 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. The project will be constructed in three segments. Frerichs office protects consumers by safeguarding more than $3.5 billion in unclaimed property, encouraging savings plans for college or trade school, increasing financial education among all ages, assisting people with disabilities save without losing government benefits, and removing barriers to a secure retirement. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Cleveland Avenue 29 Portfolio companies, 34 Investments, Team Cleveland Avenue is an American food investor, backing seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Asphalt pavement sampling will be performed. Description. Please be aware of shifts in travel lanes and bike lanes, sidewalk detours, miscellaneous turn lane closures, and uneven pavement throughout the project. 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. Please be patient as travel may be slower than usual. 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, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. 1. 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 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. VTAQ began trading on the Nasdaq on December 23, 2020 following its initial public offering. 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. The expected project completion is late 2023. Edit Lists Featuring This Company Section, Venture Capital Companies With Fewer Than 1000 Employees (Top 10K), Early Stage Venture Investors with Investments in United States, Illinois Companies With Less Than $1B in Revenue (Top 10K). 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. 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 . Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. The projected end date is April 30, 2023. , New York), and Somrus (a line of Indian flavoured liqueurs). Lee County DOT will be performing lane maintenance through toll plaza. 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. Area Wide Protective will be providing MOT services. The projected end date is April 30, 2023. Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color.. 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. By Staff | Feb 23, 2023 Continued sidewalk closure approximately 100, February 20 through February 25, 2023 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. #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. Description. At the end of February 2023, crews with then open the roadway to two-way traffic while they install drainage pipe and make improvements from Gary Road south to near Bonita Beach Road. 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. Return to Cleveland Avenue Site. 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. 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. 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. This list is designed to show off the investors with exceptional track records, industry experience and a . Ovation Brands, SUPERVALU, and McDonald's, Chief Financial Officer, Chief Investment Officer. Work is expected to be completed by the week of March 6, 2023. Lane closures will occur while work is being performed, Traffic will be maintained with flagmen. | 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. The information is general in nature and does not constitute advice. 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. VTAQ is co-sponsored by Ventoux Acquisition Holdings and an affiliate of Chardan Capital International. Martin Luther King Jr. Boulevard. Crews will be working Monday through Saturday from 8:00 AM until 5:00 PM. 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. Please use caution and drive with courtesy and patience throughout the project area. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. 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. Cleveland Avenue Food and Beverage Fund I is an early stage venture capital fund managed by Cleveland Avenue. The fund invests in companies across the food and beverages and TMT sectors. Completion of SOD & Striping/Signage will occur between Wednesday, March 1, 2023 and Friday, March 17, 2023 for all improvements. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. Starting Sunday, January 15, 2023, these Learn more. CASTUS - A Cleveland Avenue Fund Accelerating growth for businesses and developing entrepreneurs. The projected start date is February 9, 2023. media@presto.com 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. brock@ventouxccm.com For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 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. Sidewalk and Driveway closure along Crystal Drive between 12255 S Cleveland Ave and 2378 Crystal Drive . 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. It will be necessary to close the roadway in small sections and detour traffic around the work area.