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Cleveland Avenue

Investor type Accelerator
Founders Don Thompson J. Skyler Fernandes

Overview

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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.
Total investments 30
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 25
Rounds per year 4.29
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.17
Exits 1
Key employees 1
Stages of investment
Early Stage Venture

Areas of investment

  • Food and Beverage
  • Software
  • Food Processing
  • Information Technology
  • Artificial Intelligence
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

PreciTaste®

Artificial Intelligence
Cloud Computing
Cloud Data Services
Food and Beverage
Food Processing
Hardware
Information Technology
Internet of Things
Machine Learning
Software
$24M09 Aug 2022 New York, New York, United States

86 Repairs

Big Data
Hospitality
Information Technology
Predictive Analytics
Restaurants
SaaS
Software
$15M26 Jul 2022 Chicago, Illinois, United States

Mayvenn

Beauty
E-Commerce
Mobile
Retail
$40M30 Jun 2022 Oakland, California, United States

Paladin

Information Technology
Internet
Legal
Professional Services
$8M03 May 2022 New York, New York, United States

Five to Nine

B2B
Communities
Employee Benefits
Millennials
Social
$4M13 Apr 2022 Chicago, Illinois, United States

Bear Robotics

Artificial Intelligence
Retail Technology
Robotics
Software
$81M15 Mar 2022 Redwood City, California, United States

Soul Machines

Artificial Intelligence
E-Learning
Information Technology
Machine Learning
Software
Virtual Reality
$70M14 Feb 2022 Auckland, Auckland, New Zealand

The Desire Company

E-Commerce
Internet
Internet of Things
Shopping
Social Media
$8M06 Dec 2021 Chicago, Illinois, United States

TackleAI

Artificial Intelligence
Ediscovery
Finance
Insurance
Legal
Machine Learning
Publishing
Software
$3M11 Nov 2021 Schaumburg, Illinois, United States
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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