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Cleveland Avenue

Founders Don Thompson J. Skyler Fernandes

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 127
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 65
Rounds per year 14.11
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.49
Exits 3
Key employees 1
Stages of investment
Early Stage Venture

Areas of investment

  • Food and Beverage
  • Software
  • Restaurants
  • Wine And Spirits
  • Food Processing
Summary

In 2017 was created Cleveland Avenue, which is appeared as VC. The company was established in North America in United States. The leading representative office of defined VC is situated in the Chicago.

The fund was created by Don Thompson. The overall number of key employees were 1.

Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Beyond Meat, ZeroCater, Farmer's Fridge Among the most successful fund investment fields, there are Snack Food, Service Industry. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has specific favorite in a number of founders of portfolio startups.

The higher amount of exits for fund were in 2019. The usual things for fund are deals in the range of 10 - 50 millions dollars. Considering the real fund results, this VC is 22 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2018. The fund is generally included in 2-6 deals every year. This Cleveland Avenue works on 21 percentage points less the average amount of lead investments comparing to the other organizations. The average startup value when the investment from Cleveland Avenue is 500 millions - 1 billion dollars.

The typical case for the fund is to invest in rounds with 3 participants. Despite the Cleveland Avenue, startups are often financed by PowerPlant Ventures, DNS Capital, gener8tor. The meaningful sponsors for the fund in investment in the same round are DNS Capital, Tyson Foods, PowerPlant Ventures. In the next rounds fund is usually obtained by DNS Capital, Tyson Foods, Revolution.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Eliyan

Electronics
Manufacturing
Semiconductor
$60M25 Mar 2024 Santa Clara, California, United States

Intelligent Growth Solutions

Industrial Automation
$30M18 Jan 2024 City of Edinburgh, Scotland, United Kingdom

Better Foods

Food and Beverage
Food Processing
$15M27 Dec 2023 Sacramento, California, United States

Aigen

Agriculture
Hardware
Robotics
Software
$12M12 Oct 2023 Kirkland, Washington, United States

CH4 Global

Agriculture
Aquaculture
Biotechnology
$29M29 Aug 2023 Henderson, Nevada, United States

Iya Foods

Food and Beverage
Nutrition
$1M17 Aug 2023 -

PartnerSlate

B2B
Food Processing
IaaS
Marketplace
$4M09 Jun 2023 Encinitas, California, United States

Bonfire Women

Communities
Corporate Training
Training
$3M26 May 2023 Chicago, Illinois, United States

Hero Bread

Food and Beverage
Food Processing
Nutrition
$15M02 May 2023 -
News
86 Repairs Raises $5.3M in Funding

– 86 Repairs is a platform that automates the end-to-end repair and maintenance process for restaurants, providing actionable insights to improve back-of-house operations.
– The company received $7.3m in Series A funding.
– The round was led by TDF Ventures, Gordon Food Service (GFS), MATH Venture Partners, Revolution, and Cleveland Avenue.
– The new investment will be used to scale up product innovations and accelerate growth.

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Total investments 127
Average round size 14M
Rounds per year 14.11
Peak activity year 2022
Lead investments 21
Follow on index 0.49
Exits 3
Group Appearance index 0.39

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Eliyan

Electronics
Manufacturing
Semiconductor
$60M25 Mar 2024 Santa Clara, California, United States

Intelligent Growth Solutions

Industrial Automation
$30M18 Jan 2024 City of Edinburgh, Scotland, United Kingdom

Better Foods

Food and Beverage
Food Processing
$15M27 Dec 2023 Sacramento, California, United States

Aigen

Agriculture
Hardware
Robotics
Software
$12M12 Oct 2023 Kirkland, Washington, United States

CH4 Global

Agriculture
Aquaculture
Biotechnology
$29M29 Aug 2023 Henderson, Nevada, United States

Iya Foods

Food and Beverage
Nutrition
$1M17 Aug 2023 -

PartnerSlate

B2B
Food Processing
IaaS
Marketplace
$4M09 Jun 2023 Encinitas, California, United States

Bonfire Women

Communities
Corporate Training
Training
$3M26 May 2023 Chicago, Illinois, United States

Hero Bread

Food and Beverage
Food Processing
Nutrition
$15M02 May 2023 -
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