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Founded at M.I.T. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. Crews will be replacing the signal. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. GL Homes is actively working in their development site across from Wild Blue Boulevard. We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. For questions, please contact Kris Cella at (239) 337-1071. It will be necessary to close the roadway in small sections and detour traffic around the work area. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. 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). 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. Therefore, motorists and pedestrians are urged to use extra caution in the area. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Cleveland Avenue | 4,571 followers on LinkedIn. 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.. Illinois Growth and Innovation Fund(ILGIF). Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Phone Number 312.383.6700. Starting in June through July of 2023, crews will complete the work from Esplanade to Tarpon Ave under a One Lane Road operation. 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. This crossing will coincide with a regional flow-way that crosses Corkscrew Road at that location. Cleveland Avenue is providing this website, related electronic media and other information only as a convenience for you. Advice from the late founder of Columbus' Worthington Industries has shaped Tony Manna's approach to business throughout his career. The Treasurers Office predates Illinois incorporation in 1818. Their latest acquisition was PizzaRev on May 22, 2017. Crews continue work on the 10-foot-high fence that will be used to funnel the wildlife to cross safely under Corkscrew Road. 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. A unique team of food and beverage specialists who drive concept growth. The project will be constructed in three segments. A & W Bulb Rd from Gladiolus Drive to McGregor SR 867 (Permit ROW2022-00038): Pike Electric will be working on the overhead power lines. locations may have flagged and intermittent nightly lane closures from 7:00 PM to 6:00 AM. Investor Type Accelerator, Venture Capital. Expect Victoria Avenue closed on the east side of US 41 / Cleveland Avenue. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. The projected start date is January 30, 2023. 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. 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. 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. 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. 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. For further information, please contact Cole Bryan (863) 268-3941 or via email Jbryan@irbyconstruction.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. This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Learn more atclevelandavenue.comand follow us onTwitter,LinkedIn, andInstagram. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Periodic lane closures for northbound and southbound lanes will occur between the hours of 9:00 PM and 5:00 AM on weekdays. The activities will begin on January 3, 2023 and continue until February 17, 2023. Many oversized vehicles are crossing the causeway to assist with recovery efforts on the island. 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 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. For further information on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. In October 2022, it closed a $11.5 million Series B with investors including Cleveland Avenue State Treasurer Urban Success Fund, Fearless Fund, Kaya Ventures, and Supply Change Capital. This project is expected to be completed in summer 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. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). 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. The firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. 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. 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 bridge locations are: The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. All information set forth herein speaks only as of the date hereof in the case of information about Ventoux and Presto or the date of such information in the case of information from persons other than Ventoux and Presto, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Accel/Decel Lane, Catch Basin/Culvert Pipe, Curb & Gutter, Sidewalk, Single Entrance, Turn Lane, and Asphalt Pavement improvements will be performed between Lee Road and Domestic Avenue. Traffic will be maintained with flagmen. Please use caution when traveling through the project. Cleveland Avenue LLC. Area Wide Protective will be providing MOT services. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. The firm prefers to invest in food tech, restaurant, and technology sectors. Chrome Extension. 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. Motorist should use caution and expect some delays when work is active. Motorists should expect intermittent Northbound and Southbound Lane closures during nighttime/overnight hours, weather permitting. 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. 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. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Find top employees, contact details and business statistics at RocketReach. 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. 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. The projected end date is April 30, 2023. The projected start date is February 9, 2023. Aquinas Early, on behalf of Cleveland Avenue |aearly@explorefcg.com| 708-420-8570, Angelica Ramirez, on behalf of Cleveland Avenue |aramirez@explorefcg.com|. Each segment will have most of the construction completed prior to moving to the next segment. The Company invests in restaurant, food, and beverage companies. Cleveland Avenue serves customers in . The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. Scotts Safety will be providing all maintenance of traffic services for this project. WORK PERFORMED BY OTHERS: The revised merger terms reflect a pre-money valuation for Presto of $525 million. 2023 PitchBook. The projected end date is March 31, 2023. . The projected start date is September 19, 2022. Win whats next. Crews continue driving sheet pile around the causeway islands. media@presto.com 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. Solutions. Crews are expected to work 7:00 AM to 7:00 PM This project is expected to be completed in summer 2023. Active, Closed, This describes the type of investor this organization is (e.g. Investment Stage Early Stage Venture. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. Landscaping Tree Trimming. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. US 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. 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. Where the organization is headquartered (e.g. Directional Drill will be performed along Nalle Road from Quail Run heading south towards Sedgefield Road. This is anticipated to be completed by the end of March 2023. Temporary traffic Control devices will be utilized for pedestrian safety as well as that of the contractors workforce. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Cleveland Avenue, Food Retail Ventures, Landa Ventures, and Planet Capital, AgFunder, Autotech Ventures, Cavallo Ventures, Cleveland Avenue, DCVC, Future Ventures, and SeaX Ventures. , New York), and Somrus (a line of Indian flavoured liqueurs). We have curated a list of the top Cleveland Venture Capitalists (VC). SaaS, Android, Cloud Computing, Medical Device). Lack of representation in the industry results in Black, Latinx, and women entrepreneurs struggling to access venture capital support. Starting Sunday, January 15, 2023, these Get the full list, Morningstar Institutional Equity Research. Area Wide Protective will be providing MOT services. Motorists should be aware of vehicles entering/exiting the road in this area. 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. 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. current Chief Financial Officer, Chief Investment Officer, Keith Kravcik, CBI websites generally use certain cookies to enable better interactions with. 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. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 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. Cleaveland Avenue is a venture capital firm and startup accelerator headquartered in Chicago, Illinois, that was founded in 2015 by Don Thompson. Description. The proxy statement/prospectus will be sent to stockholders of Ventoux. 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. Cleveland Avenue has made 43 investments. Arc Chicago, LLC, is an investment fund created by MacArthur to further the objectives of Benefit Chicago. Voters in 1848 chose to make it an elected office. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. 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. 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. Final Construction is scheduled for the end of July with milling and resurfacing of the roadway, new signs and new pavement markings. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. 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. 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. A detour will be in place with ample signs routing traffic around the work area. Operating Status Active. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. A Cleveland Avenue Fund . brock@ventouxccm.com to north on McArthur Blvd., west on E 2nd St to north on Country Club Pkwy to Joel Blvd. The projected start date is February 20, 2023, and it is expected to be completed by March 6, 2023. Ample signs will be in place to safely guide traffic around the work area. 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. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. Start Free Trial . 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. to south on Country Club Pkwy, east on E 2nd St, south on McArthur Blvd to west on Sentinela Blvd. When Don Thompson stepped down from his role as the first Black CEO at McDonald's in 2015, he launched Cleveland Avenue, a Chicago-based venture capital firm that has invested millions in fast . The awards and certifications we receive from customers and industry bodies reflect our continued commitment to excellence. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 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. It is a venture capital firm and startup accelerator that is headquartered in Chicago, Illinois.