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Starting on February 1, 2023/February 3, 2023, there will be a two-lane closure on the eastbound middle and righthand lane on Alico Road. The revised merger terms reflect a pre-money valuation for Presto of $525 million. 2. For additional information, please contact Sean Whitaker @ 678-247-4933 swhitaker@plateauexcavation.com 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). For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. investor@presto.com, Brock Strasbourger . For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. MOT will be provided through ACME Barricades (239)479-5266; DBlack@acmebarricades.com dtanner@acmebarricades.com. https://www.restaurantbusinessonline.com/financing/franchises-navigate-tough-waters-their-bid-growth The expected project completion is late 2023. Acceleration Services A unique team of food and beverage specialists who drive concept growth. (650) 817-9012, Investors: Work will be done between the hours of 8:00 PM 4:00 AM. 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. For further information, please contact Brian Williams with Pike at 239-225-8037 bwilliams@pike.com. 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. The MOT company will be Scotts Safety and their point of contact will be Clint Scott (239)340-8697. GL Homes is actively working in their development site across from Wild Blue Boulevard. 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 . Milling and paving will start Tuesday, January 31st, 2023 and will tentatively go through Friday February 3, 2023. 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. The projected end date is March 31, 2023. Media: Cleveland Avenue has made 43 investments. Its shares of common stock, units, warrants and rights trade under the ticker symbols VTAQ, VTAQU, VTAQW, and VTAQR respectively. Crews will also install water main from a connection point on the east side of US 41 near 12499 Cleveland Avenue (PDQ). Flaggers will be on the roadway directing traffic and motorist are advised to use caution for their safety and safety of the workers. 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. Cleveland Avenue; Cleveland Avenue (investor - Venture Capital) clevelandavenue.com . Active, Closed, This describes the type of investor this organization is (e.g. Cleveland Avenue makes the information and materials available on this website and all other electronic media for informational purposes only. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. For further information you can contact Jessie Culpepper at 239-913-9127. 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 . 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. 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. Lane closures are not anticipated at this time, but motorists should expect construction vehicles and minor traffic disruptions while construction activities are being performed. Welcome to Cleveland Avenue LLC- a venture capital firm that strategically consults and Invests in restaurant, food & beverage concepts. The projected start date is January 30, 2023. North Lee County Wellfield Expansion Phase IIIA Project Fort Myers (ROW2022-00030). 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. Presto overlays next-gen digital solutions onto the physical world. Area Wide Protective will be providing MOT services. 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. This schedule may be subject to change due to inclement weather and unforeseen underground conditions. For further information, please contact Cole Bryan (863) 268-3941 or via email Jbryan@irbyconstruction.com. Operating Status Active. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Expect Crawford Street closed on the east side of US 41 / Cleveland Avenue. Chief Financial Officer & Chief Investment Officer, Managing Director, Investor Relations & Chief of Staff, Youre viewing 10 of 67 investments. Cleaveland Avenue was founded by Don Thompson, former CEO of McDonald's, in 2015. 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. brock@ventouxccm.com 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 . Cleveland Avenue, Food Retail Ventures, Landa Ventures, and Planet Capital, AgFunder, Autotech Ventures, Cavallo Ventures, Cleveland Avenue, DCVC, Future Ventures, and SeaX Ventures. 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. Notable food & beverage companies in Cleaveland Avenue's investment portfolio include. Beginning April 1, 2021 entrepreneurs interested in learning more about the CAST US initiative can visitClevelandavenue.com/castus. Copyright 2023. We celebrated Jason Ritter with a little team lunch at Cleveland Avenue's Taste 222. #drivethrutechnology #VoiceAI, 2018-23 Presto Automation Inc. All Rights Reserved. Founders Don Thompson, J. Skyler Fernandes. Copyright 2023 Cleveland Avenue, LLC. Motorists should expect side road closures from Winkler Avenue to Victoria Avenue throughout the duration of the project. Prestos enterprise-grade voice, vision, and touch technologies help hospitality businesses thrive while delighting guests. Intermittent lane closures can be expected with variable message board on approach to notify drivers. Find top employees, contact details and business statistics at RocketReach. Crews will be replacing the signal. that was in place prior to hurricane Ian will be re-implemented within the next 2 weeks to allow construction to resume. Get the full list, To view Cleveland Avenues complete exits history, request access, Youre viewing 5 of 26 team members. 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. to north on McArthur Blvd., west on E 2nd St to north on Country Club Pkwy to Joel Blvd. Please pay attention to our flaggers and maintenance of traffic as patterns may change temporarily. Road Work/Maintenance/Improvement The work activities above are scheduled to occur, however unforeseen underground conditions and weather may affect this schedule. Cleveland Avenue LLC. Lee County DOT will be performing lane maintenance through toll plaza. Investment Stage Early Stage Venture. 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. 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. Cape Coral Toll Facility: Starting Sunday February 19, 2023, and ending on February 22, 2023 nightly from 9:00 PM to 6:00 AM. The roadway north and south of the work area will be open to two-way traffic. 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. The projected end date is April 30, 2023. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. Pedestrians are not permitted on the Sanibel Causeway. 4. Voters in 1848 chose to make it an elected office. The restoration efforts are part of a new underground utility improvements project for Lee County. About us. John Morris Road from McGregor Boulevard, 867, to Iona Road (ROW2022-00927) Pike Electric will be working on the overhead power lines. When available, these documents can be obtained free of charge from the sources indicated above. Please use caution and drive with courtesy and patience throughout the project area. The typical case for the fund is to invest in rounds with 3 participants. Westbound McGregor Boulevard has been reduced to one lane approaching and through the toll plaza. 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. Presto overlays next-gen digital solutions onto the physical world. The Cleveland Avenue Food Experience is our laboratory and gathering place. 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. Expect Suwanee Avenue closed on the west side of US 41 / Cleveland Avenue. For further information on MOT, related inquiries please contact Sam Bell at 239-240-9410, sambell@awptraffic.com. For additional information, please contact Rhett Tillman at (239) 533-9400 or email at rtillman@leegov.com. World Business Chicago's annual venture summit expands to food innovation, May 25-26, 2022; Over 400 founders, innovators, and investors, will meet to discuss why Chicago is a global food . 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. 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. 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. The projected end date is April 30, 2023. 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. Motorists should expect intermittent Northbound and Southbound Lane closures during nighttime/overnight hours, weather permitting. The said section of road will be subject to a lane closures with flaggers between 7:00 PM and 6:00 AM. 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. Sidewalk closure at Crystal Drive and 12270 Metro Parkway: Continued sidewalk closure approximately 100, February 6 through February 10, 2023 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. Southbound will be detoured from Bell Blvd. All work will be completed by Lee County DOT Traffic staff and will be completed between 7:00 PM and 5:00 AM on Thursday February 16, 2023. 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. 9500 Euclid Avenue; Cleveland, OH 44195; United States +1 (800) 000-0000. The MOT/TTC will be provided by Andrew Sitework. During the work processes, men and equipment may be temporarily in the roadway. 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. 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 projected start date is January 30, 2023. By continuing to use this site you are consenting to these choices. Cleveland Avenue has 4 portfolio exits. Cleveland Avenue | 4,571 followers on LinkedIn. Motorists should be aware of vehicles entering/exiting the road in this area. . 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 . PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Cleveland Avenue LLC operates as a venture capital investment company. As Illinois State Treasurer, Frerichs is the states Chief Investment and Banking Officer and actively manages approximately $37 billion. 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. Further, the use of this website, and the sending or receipt of such information and materials, does not create a client relationship between us. Final Construction is scheduled for the end of July with milling and resurfacing of the roadway, new signs and new pavement markings. The contractor is Wright Construction. 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. US 41/Cleveland Avenue from Winkler Avenue to SR 82/Dr. Area Wide Protective will be providing MOT services. Get the full list, Youre viewing 5 of 241 co-investor. current Chief Financial Officer, Chief Investment Officer, Keith Kravcik, CBI websites generally use certain cookies to enable better interactions with. Cleveland Avenue deals with seed ventures, early-stage, and private equity deals focused on emerging . Cleveland Avenue is a Chicago-based venture fund and accelerator that invests in food, beverage, and tech businesses. 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. | 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 locations. 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. Sidewalk closure at Crystal Drive and 12270 Metro Parkway 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. Cleveland Avenue (investor). Gunnery Road Cleveland Avenues Chief Financial and Investment Officer, Keith Kravcik, will join Prestos Board. Their latest portfolio exit was Ureeka on September 30, 2022. 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. Please contact 239-936-9444 with any questions or concerns. Then continue east to Austin Street and west under US 41 to the north side of Brantley Road and tie into a connection point between Pine Grove and Brantley Pines driveways. The projected start date is October 1, 2022. Their latest acquisition was PizzaRev on May 22, 2017. The project also includes construction of a new bridge over Shadroe Canal, drainage installation, and lighting. Cleveland Avenue State Treasurers Urban Success Fund. Cleveland Avenue has 1 fund, including Cleveland Avenue State Treasurers Urban Success Fund. 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. |, 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. For additional information, please contact Victor Menocal at vmenocal@rpucorp.com or (305) 776-8181. Beyond Meat, the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has filed for an initial public offering.