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 projected end date is March 31, 2023. Construction project: Crews will be installing and relocating utilities and constructing medians on US 41/Cleveland Avenue from Winkler Avenue to SR 82. 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. Presto welcomes Cleveland Avenue to our investor syndicate - we could not have found more aligned and strategic investors. media@presto.com Roadwatch Update For further information, please contact John Ditty at (239) 744-6503 or jditty@gcmcontracting.com. Chrome Extension. 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. Asphalt pavement, concrete sidewalk, concrete curbing, and drainage improvements will be performed. 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. 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. Pedestrians are not permitted on the Sanibel Causeway. 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 firm prefers to invest in seed-stage, early-stage, later-stage, and growth-stage companies. 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. The Village of Estero will be installing shared use paths, lighting, and landscaping as phasing allows. Cleveland Avenue | LinkedIn Founded in 2015, Cleveland Avenue is a venture capital firm based in Chicago, Illinois. lane traveling westbound on Alico Road. Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. For further information, please contact Brian Williams with Pike at (239) 225-8037 or at bwilliams@pike.com. 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. 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). 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. 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. This press release is not a substitute for the proxy statement/prospectus. 22 Best & Most Active Cleveland Venture Capitalists (VC) We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. 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. 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. Bridge Maintenance Where the organization is headquartered (e.g. our sites and services. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. For further information, please contact Jillian Scholler at (239) 533-8591 or email at jscholler@leegov.com. The expected project completion is late 2023. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include: Beyond Meat, Bhakti, Farmwise Foods, and Bright Cellars. Motorists should expect construction vehicles pulling in and out of traffic near the driveways of The Preserve at Corkscrew and Bella Terra. 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. 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. Seed ventures, early stage and private equity deals focused on emerging restaurants, beverages, services, and technologies designed for foodservice and hospitality channels. Motorists should be aware of vehicles entering/exiting the road in this area. Therefore, motorists and pedestrians are urged to use extra caution in the area. He works at Raulston Venture Capital in Cleveland. As Illinois State Treasurer, Frerichs is the states Chief Investment and Banking Officer and actively manages approximately $37 billion. Very incredibly proud of you and your next step Jason. About us. 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. ACME Barricades will provide maintenance of traffic services (954) 321-3587. 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 . 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. 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. 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. 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. Ongoing through February 28, 2023, from 7:00 AM to 7:00 PM. Return to Cleveland Avenue Site. IMPERIAL SHORES Boulevard Bonita Springs FL ROW2022-00816 |, 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. Cleveland Avenue Portfolio Investments, Cleveland Avenue Funds 1. 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. This project is expected to be completed in summer 2023. Operating Status Active. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Area Wide Protective will be providing MOT services. Many oversized vehicles are crossing the causeway to assist with recovery efforts on the island. A Cleveland Avenue Fund . 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. 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. Road Work/Maintenance/Improvement 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). 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. 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. Ovation Brands, SUPERVALU, and McDonald's, Chief Financial Officer, Chief Investment Officer. 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. Tags: BBChicago, Black Business, BlackEntrepreneur, BlackOwned, BlackOwnedBusiness, Dsanders, SmallBusiness, Support Small Business, SupportBlackBusiness. For further information, please get in touch with Avelino Cancel at 239-533-9400 or by email at acancel@leegov.com. Please use caution and watch for workers and construction vehicles entering and leaving the roadway. Cleveland Avenue - Crunchbase Investor Profile & Investments Try for free at rocketreach.co Ryan Gardella & Michael Bowen Work is expected to be completed by the week of March 6, 2023. The restoration efforts are part of a new underground utility improvements project for Lee County. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. Motorists should expect a new traffic pattern on Friday morning, February 25. Area Wide Protective will be providing MOT services. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. 30,000 square feet in downtown Chicago dedicated to culinary concept development and consumer validation. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. The contractor is Wright Construction. It seeks to mobilize $100 million in catalytic capital for nonprofits and social enterprises in Chicago. 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. 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. Crews continue driving sheet pile around the causeway islands. 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. Their latest investment was in Zerocater as part of their Series C on February 2, 2023. locations may have flagged and intermittent nightly lane closures from 7:00 PM to 6:00 AM. 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 traffic signal will be dark, and Lee County Sheriffs Office will be directing traffic.
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