Starting Sunday, January 15, 2023, these The fund is based in Chicago, Illinois. 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. For further information, please contact Cole Bryan (863) 268-3941 or via email Jbryan@irbyconstruction.com. 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 LLC is a Venture Capital & Private Equity, and Finance company located in Chicago, Illinois with $9.00 Million in revenue and 63 employees. Chief Financial Officer & Chief Investment Officer, Managing Director, Investor Relations & Chief of Staff, Youre viewing 10 of 67 investments. Please contact 239-936-9444 with any questions or concerns. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. 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. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All rights reserved. The Cleveland Avenue Food Experience is our laboratory and gathering place. The projected start date is January 30, 2023. Cleveland Avenue has 4 portfolio exits. |, https://presto.com/wp-content/uploads/2022/12/presto_voice_homepage_720p_v2.mp4, https://presto.com/wp-content/uploads/2021/12/presto_raj_yahoo_finance_interview_12_2021_720p.mp4, https://presto.com/wp-content/uploads/2021/09/presto_flex_1080p.mp4. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. 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. Diversity Spotlight (US Headquarters Only). Operating Status Active. Active, Closed, This describes the type of investor this organization is (e.g. 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. Many oversized vehicles are crossing the causeway to assist with recovery efforts on the island. 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. Phone Number 312.383.6700. Motorists should expect construction vehicles pulling in and out of traffic near the driveways of The Preserve at Corkscrew and Bella Terra. By Staff | Feb 23, 2023 Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. Coolidge Ave @Spur A Canal, Arthur Ave @ Spur A Canal, Richmond Ave N. @ Able Canal, Alabama Road @ Racer Canal and Bell Blvd @ Jim Canal. Area Wide Protective will be providing MOT services. The expected project completion is late 2023. Where the organization is headquartered (e.g. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. 12, or email at neil@andrewsitework.com. Learn more. . 4. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois. media@presto.com Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. The investment approach is cautious to ensure the preservation of capital. . Completion of SOD & Striping/Signage will occur between Wednesday, March 1, 2023 and Friday, March 17, 2023 for all improvements. Copyright 2023 CB Information Services, Inc. All rights reserved. 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. traffic will be detoured east on Sentinela Blvd. The revised merger terms reflect a pre-money valuation for Presto of $525 million. ACME Barricades will provide maintenance of traffic services (239) 479-5266. #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. 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. Presto, Cleveland Avenue, and Ventoux are the perfect partners for this next chapter in the public markets given our joint focus on transforming the restaurant industry using the best next-generation technology, said Krishna K. Gupta, Chairman of Presto and CEO of Remus Capital. The projected end date is March 31, 2023. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Alico Road Curb Cut Amazon RSW5 (ROW2022-00853): Plateau Excavation, Inc. will be performing the roadway improvements, indicated as 19 ROW Alico Road on the permit, beginning Monday, January 09, 2023 and continue through Friday, March 17, 2023. The projected end date is April 30, 2023. 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. The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. 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. The bridge locations are: For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.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. Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. This project consists of widening Burnt Store Road to four lanes. Sanibel Causeway Emergency Restoration: As a part of the Florida Department of Transportations (FDOT) Emergency Restoration of the Sanibel Causeway, crews continue work on McGregor Boulevard and the Sanibel Causeway from Port Comfort Road to Sanibel Island. Each segment will have most of the construction completed prior to moving to the next segment. For further information, please contact John Ditty at (239) 744-6503 or jditty@gcmcontracting.com. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. 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. Residents are entering and exiting communities on both sides of Corkscrew Road. 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. Description. 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. Number of Exits 2. Cleveland Avenue serves customers in . The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Ovation Brands, SUPERVALU, and McDonald's, Chief Financial Officer, Chief Investment Officer. 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. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. Work is expected to be completed by the week of March 6, 2023. For questions, please contact Kris Cella at (239) 337-1071. 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. Crews are expected to work 7 a.m. to 7 p.m. AI voice assistants can redeploy staff to focus on higher-value tasks while the AI voice assistant greets guests, takes orders, and offers upsells, resulting in higher profits. The activities will require lane closures between 9:00 PM and 5:00 AM. 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, 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. The MOT/TTC will be provided by Southwest Utility Systems. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Crews will be installing light poles along the north and south side the road as well as landscaping and irrigation improvements in the median. 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. 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. 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 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. Call (844) 417-2688 with any questions. Cleveland Avenue State Treasurers Urban Success Fund. All Rights Reserved. locations may have flagged and intermittent nightly lane closures from 7:00 PM to 6:00 AM. Motorists and pedestrians are urged to use extra caution in this area. Advice from the late founder of Columbus' Worthington Industries has shaped Tony Manna's approach to business throughout his career. RESCHEDULED: During the nighttime/overnight hours on Thursday, February 23, motorists are urged to plan extra time when using the Stoneybrook Golf Drive intersection. The project will be constructed in three segments. 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. Real Times Media. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 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. 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. 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. This feature is in beta and may change with future updates. 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. For further information, please contact John Dalton at (239) 898-7853. 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 Chicago's South and West Side neighborhoods. Get the full list, Morningstar Institutional Equity Research. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. Copyright 2023. bridge between Crestview Pl & Scenic St, mile south of the Joel Blvd/ Leeland Heights Blvd. At that point, work will be performed using One Lane Road operations in shorter sections as crews work their way north. RESCHEDULED: During the nighttime/overnight hours on Monday, February 20 through Wednesday, February 22, motorists are urged to plan extra time when using the Ben Hill Griffin Parkway intersection. 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. Get the full list, Youre viewing 5 of 241 co-investor. As Illinois State Treasurer, Frerichs is the states Chief Investment and Banking Officer and actively manages approximately $37 billion. lane traveling westbound on Alico Road. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. North Lee County Wellfield Expansion Phase IIIA Project Fort Myers (ROW2022-00030). Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color.. Alico Road (ROW2022-01108): Mastec will be setting a pole on Alico Road just east of Oriole Road and west of Three Oaks Parkway. Imperial Shores will be open to two-way traffic from Bonita Beach Road to Gary Road and from Pine Lake Road to Tarpon Avenue. The information is general in nature and does not constitute advice. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us.