Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. Motorists and pedestrians are urged to use extra caution in this area. The firm prefers to invest in food tech, restaurant, and technology sectors. Asphalt pavement, concrete sidewalk, concrete curbing, and drainage improvements will be performed. 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. 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. Tags: BBChicago, Black Business, BlackEntrepreneur, BlackOwned, BlackOwnedBusiness, Dsanders, SmallBusiness, Support Small Business, SupportBlackBusiness. 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. 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. 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. Drivers, pedestrians and bicyclists should use caution and be aware of construction equipment and vehicles entering/exiting streets in the project area. It will be necessary to close the roadway in small sections and detour traffic around the work area. Cleveland Avenue Food and Beverage Fund I is an early stage venture capital fund managed by Cleveland Avenue. For additional information, please contact Neil Monkman at (230) 226-1601 Ext. 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. 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. All work will be completed by Lee County DOT Traffic staff and will be completed between 7:00pm and 5:00am on Thursday March 2, 2023. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. Starting in June through July of 2023, crews will complete the work from Esplanade to Tarpon Ave under a One Lane Road operation. The traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic. The one-lane road operations are estimated to continue through the end of March 2023. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. to south on Country Club Pkwy, east on E 2nd St, south on McArthur Blvd to west on Sentinela Blvd. Operating Status Active. For further information, please contact paving@leegov.com. 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. Cleveland Avenue LLC. There can be no assurance that the data contained herein is reflective of future performance to any degree. 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. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. 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. Bonita Beach Road, Bonita Springs (ROW2021-00508): Irby Construction will be replacing poles down Bonita Beach Rd for Florida Power and Light beginning February 6, 2023 through March 6, 2023. 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. 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. 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. Motorists should use caution, as there will be lane closures and uneven pavement in this area. Asphalt pavement widening, embankment, base rock, concrete curbing, and striping will be performed. 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. Project cost is approximately $23 M. The contractor is Cougar Contracting, LLC. Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. Ventoux CCM and Presto Automation Announce $100 Million Raise 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 The causeway islands surrounding the temporary roadway are an active work zone and are currently closed for public access. Founded at M.I.T. 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. 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. Established in 2016, Cleveland Clinic Ventures is a corporate venture capital firm headquartered in Cleveland, Ohio. Cleveland Avenue acquired 1 company. You can read more about your cookie choices at our privacy policyhere. 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. lane traveling westbound on Alico Road. 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. 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. Scott Safety, LLC will provide maintenance of traffic services (833) 723-3499. 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. Motorists should expect construction vehicles pulling in and out of traffic near the driveways of The Preserve at Corkscrew and Bella Terra. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. 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. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. SaaS, Android, Cloud Computing, Medical Device). Cleveland Clinic Ventures Investments (23) Company Name Deal Date . 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. Solutions. A $70M initiative that will bridge the capital and resource gap impacting Black, Latinx, and women entrepreneurs in Chicago's South and West Side neighborhoods. The projected end date is March 31, 2023. Please be patient as travel may be slower than usual. 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. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). Cleveland Avenue Food and Beverage Fund I - PitchBook 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. 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 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 The activities will require lane closures between 9:00 PM and 5:00 AM. Bell Blvd Bridge Closure and Detour Begins February 20, 2023: The Bell Blvd. 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. 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. The firm provides resources and expertise to support remarkable companies and the people behind them. We have curated a list of the top Cleveland Venture Capitalists (VC). 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. Weather may affect start times and dates. All Rights Reserved. He says venture capital dollars are hard to find in northeast Ohio, but insists money is tight everywhere . Get the full list, To view Cleveland Avenues complete exits history, request access, Youre viewing 5 of 26 team members. 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. in 2008, Presto is headquartered in Silicon Valley, Calif. with customers including many of the top 20 restaurant chains in the U.S. 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. Motorists should expect turn lane closures and intermittent traffic stops as equipment is removed and replaced. 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. RESCHEDULED: Crews will be working during the nighttime/overnight hours on Thursday, February 24 to switch traffic to the new lanes. For all other questions please call general foreman Denny Spencer (239)810-9071. Use the CB Insights Platform to explore Cleveland Avenue's full profile. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. For questions, please contact Kris Cella at (239) 337-1071. 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. Area Wide Protective will be providing MOT services. The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. Cleveland Avenue Portfolio Investments, Cleveland Avenue Funds Martin Luther King Jr. Boulevard. that was in place prior to hurricane Ian will be re-implemented within the next 2 weeks to allow construction to resume. 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. Illinois Growth and Innovation Fund(ILGIF). 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. During the work processes, men and equipment may be temporarily in the roadway. to east on Joel Blvd. Crews continue driving sheet pile around the causeway islands. Pedestrians are not permitted on the Sanibel Causeway. The project is expected to be completed by spring 2023. For further information on MOT, related inquiries please contact Sam Bell at (239)240-9410, sambell@awptraffic.com. locations may have flagged and intermittent nightly lane closures from 7:00 PM to 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. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. 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. Residents are entering and exiting communities on both sides of Corkscrew Road. Cleveland Avenue | LinkedIn 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. A & W Bulb Rd from Gladiolus Drive to McGregor SR 867 (Permit ROW2022-00038): Pike Electric will be working on the overhead power lines. For further information, please contact Alex DeMarco at (239) 3516080 or alex@collierpave.com. Cleveland Avenue, Llc Ceo Don Thompson & Vital Proteins Ceo Tracey Cleveland Avenue has tremendous experience investing in innovative food and technology brands and restaurant operation platforms with an impressive portfolio that includes Beyond Meat, Footprint and Farmers Fridge. Innovative and equitable solutions like those offered by Cleveland Avenue truly address small businesses needs and provide critical resources for entrepreneurs of color.. Lane closures are not anticipated at this time, but motorists should expect construction vehicles and minor traffic disruptions while construction activities are being performed. Estimated completion is late 2023. 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. CBI websites generally use certain cookies to enable better interactions with our sites and services. . , New York), and Somrus (a line of Indian flavoured liqueurs). Gunnery Road Additional work includes installing drainage structures, pedestrian signals, upgrading signals and lighting, and resurfacing existing highway. 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 . Area Wide Protective will be providing MOT services. Copyright 2023 CB Information Services, Inc. All rights reserved. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Crews continue striping, limerock, curb and gutter, and guardrail installation throughout the project to facilitate this switch. On heavy haul days, GL Homes will be providing flaggers to reduce backups on Corkscrew Road. Cleveland Avenue is an investment group and accelerator, which focuses on building new food, beverage, and restaurant concepts. MOTORISTS ARE REMINDED TO OBEY THE POSTED SPEED LIMIT. Pondella Road Bridge Maintenance Activities: Lee County DOT Contractor, Villafuerte Construction, will perform maintenance activities on the Pondella Road Bridge. Lehigh Acres Resurfacing FY22A: Lee County DOT, along with their contractor Community Asphalt will be milling and paving on various roads in Lehigh Acres. Tony Manna combines his entrepreneurial endeavors with Hough 9500 Euclid Avenue; Cleveland, OH 44195; United States +1 (800) 000-0000. 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. Both northbound and southbound lanes of Buckingham Road will be subject to lane closures during nighttime milling and paving operations. Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. 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. 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. Road Work/Maintenance/Improvement Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Ryan Gardella & Michael Bowen 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. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. View contacts for Cleveland Avenue to access new leads and connect with decision-makers. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. 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. Accelerating growth for businesses and developing entrepreneurs. Sidewalk closure at Crystal Drive and 12270 Metro Parkway For further information regarding this project please contact Andrew Sitework, LLC at 239-226-1606 or chad@andrewsitework.com Cleveland Clinic Ventures Investor Profile: Portfolio & Exits | PitchBook Flaggers will be on the roadway directing traffic and motorist are advised to use caution for their safety and safety of the workers. Venture Capital in Cleveland | Ideastream Public Media 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. 1. Lane closures will be limited to between the hours of 9:00pm to 5:00am. 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).