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. Drivers, pedestrians, and bicyclists are urged to use extra caution when traveling through the work zone. Rajul Misra & Brian Ruby 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. 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. Copyright 2023 Cleveland Avenue, LLC. IMPERIAL SHORES Boulevard Bonita Springs FL ROW2022-00816 Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). 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. 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. 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. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. 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 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. Area Wide Protective will be providing MOT services. Return to Cleveland Avenue Site. The projected start date is January 30, 2023. . The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. 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. Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family . Their latest portfolio exit was Ureeka on September 30, 2022. The project is expected to be completed by spring 2023. 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. 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. Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. The one-lane road operations are estimated to continue through the end of March 2023. RESCHEDULED: During the nighttime/overnight hours on Thursday, February 23, motorists are urged to plan extra time when using the Stoneybrook Golf Drive intersection. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. 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 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. 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Copyright 2023. For further information, please contact Brian Brandfass at (239) 226-1606 Ext. This south segment from Tropicana Parkway to Pine Island Road costs $13.6 million. 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. Crews continue work on the 10-foot-high fence that will be used to funnel the wildlife to cross safely under Corkscrew Road. Intermittent lane closures can be expected with variable message board on approach to notify drivers. Work times will be from 7:00 AM to 5:00 PM. 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. This is anticipated to be completed by the end of March 2023. For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. Arc Chicago, LLC, is an investment fund created by MacArthur to further the objectives of Benefit Chicago. Bonita Beach Road at US HWY 41 Bonita Springs (ROW2023-00205): Tierra, Inc. will be performing roadway pavement cores beginning Monday, February 27, 2023 and continue through Friday, March 3, 2023. Win whats next. During the work processes, men and equipment may be temporarily in the roadway. Work will be done between the hours of 8:00 PM 4:00 AM. Completion of SOD & Striping/Signage will occur between Wednesday, March 1, 2023 and Friday, March 17, 2023 for all improvements. 9500 Euclid Avenue; Cleveland, OH 44195; United States +1 (800) 000-0000. The typical case for the fund is to invest in rounds with 3 participants. Expect Hoople Street closed on the east side of US 41 / Cleveland Avenue. The information is general in nature and does not constitute advice. |, 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. Alico Road (ROW2022-01108): Mastec will be setting a pole on Alico Road just east of Oriole Road and west of Three Oaks Parkway. 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. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. site you are consenting to these choices. 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. The revised merger terms reflect a pre-money valuation for Presto of $525 million. Cleveland Avenue Food and Beverage Fund I General Information. media@presto.com For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. . 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. 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. 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. The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. Bonita Beach Road SW @ Imperial Shores Bonita Springs (ROW 2022-00816): Andrew Sitework LLC will be performing construction on Imperial Shores Blvd starting July 26, 2022, from Bonita Beach Road to Tarpon Avenue. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. All rights reserved. Illinois Growth and Innovation Fund(ILGIF). Founded in 2015 by industry veteran Don Thompson, we support entrepreneurs whose innovations are disrupting the norm. 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. North Lee County Wellfield Expansion Phase IIIA Project Fort Myers (ROW2022-00030). Southbound will be detoured from Bell Blvd. The expected project completion is late 2023. 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. Cleveland Avenue acquired 1 company. 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. (650) 817-9012, Investors: Working hours shall be from 7:00 AM to 9:00 PM, Monday through Saturday. Bridge Maintenance 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. 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. 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. The fund is based in Chicago, Illinois. 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. 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 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. The outside (right) lane of Eastbound traffic on Bonita Beach Road SW between Meadowlark Lane and Windsor Road will be subject to lane closures. 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 . This feature is in beta and may change with future updates. The projected start date is January 30, 2023. lane traveling westbound on Alico Road. Submitters are 7x more likely to receive a qualified connection. 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). The firm prefers to invest in food tech, restaurant, and technology sectors. The Company invests in restaurant, food, and beverage companies. 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. 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. 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. MEDIA CONTACTS 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 project will be constructed in three segments. This project should be complete by the end of February. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. 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 Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. 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. Copyright 2023 Cleveland Avenue, LLC. 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. Cleveland Avenue; Cleveland Avenue (investor - Venture Capital) clevelandavenue.com . VTAQ is co-sponsored by Ventoux Acquisition Holdings and an affiliate of Chardan Capital International. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT. 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. #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. 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. 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. 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. Diversity Spotlight (US Headquarters Only). Voters in 1848 chose to make it an elected office. Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color.. Motorists should expect a new traffic pattern on Friday morning, February 25. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Asphalt pavement widening, embankment, base rock, concrete curbing, and striping will be performed. 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. For questions about the project please contact Lehigh Acres Municipal Services Improvement District at 239-368-0044. Get the full list, Youre viewing 5 of 241 co-investor. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. ACME Barricades will provide maintenance of traffic services (239) 479-5266. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. . 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 Treasurers Office predates Illinois incorporation in 1818. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. Area Wide Protective will be providing MOT services. 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. A detour will be in place with ample signs routing traffic around the work area. Pedestrians are not permitted on the Sanibel Causeway. Advice from the late founder of Columbus' Worthington Industries has shaped Tony Manna's approach to business throughout his career. https://www.restaurantbusinessonline.com/financing/franchises-navigate-tough-waters-their-bid-growth For further information, please contact Eli Enders at (239) 433-3000. Try for free at rocketreach.co Residents are entering and exiting communities on both sides of Corkscrew Road.