Cleveland Avenue - Unicorn Nest

Cleveland Avenue

Cleveland Avenue

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.

Headquarters Location

United States, Chicago

About

Cleveland Avenue was established in 2017, and is a well known VC. This investor is located in North America, United States. The the headquarters of this VC is in Chicago.

The fund typically invests in rounds with 3 participants. Besides Cleveland Avenue, start-ups are typically funded by PowerPlant Ventures, DNS Capital, gener8tor and 4 more VCs. The most common co-investors for the fund are DNS Capital, Tyson Foods, PowerPlant Ventures. In subsequent rounds, the fund is usually joined by DNS Capital, Tyson Foods, Revolution.

Typical investments for this fund are deals in the range of 10 - 50 millions dollars. Cleveland Avenue participates, on average, in 21 percentage points less than the average amount of lead investments in other funds. The fund's activity peaked in 2018. Besides, in 2019 the fund was active. The average start-up valuation at the time of investment from Cleveland Avenue is 500 millions - 1 billion dollars. The highest number of exits from this fund were in 2019. In real terms, this VC performs 22 percentage points more exits than other funds. The fund generally invests in 2-6 deals every year.

The fund was created by Don Thompson. The overall number of key employee in the fund's team is 1.

Moreover, a start-up needs to be 6-10 years old to get investment from this fund. Beyond Meat, ZeroCater, Farmer's Fridge are amongst the various portfolio companies of this fund. The fund has specific requirements for the number of founders in a start-up. The country of its establishment and the country of its most frequent investments coincides - United States. Among their most successful investment fields, we have identified Snack Food, Service Industry. Also, because of its portfolio diversification tendency, we can highlight 8 more industries for this fund.

Year Founded

2017

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

4-6

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

16.7% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x10

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

12.3 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.1 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

1

Funds Investing in Previous
Rounds

PowerPlant Ventures, DNS Capital, gener8tor

Funds Investing Together

DNS Capital, Tyson Foods, PowerPlant Ventures

Funds Investing in Following
Rounds

DNS Capital, Tyson Foods, Revolution

If you have found a spelling error or the data isn't actual, please, notify us by selecting that text and pressing Ctrl+Enter.

Fund reviews
  • No reviews are submitted yet.
Crunchbase icon

Content report

The following text will be sent to our editors: