Cleveland Avenue
Tier 2 Industrial
Bio
Cleveland Avenue is a Chicago-based food, beverage, and consumer technology fund founded in 2015 by Don Thompson, former CEO of McDonald's. The CAST US fund stands at $70M with a DEI mandate covering Black and Hispanic founders, Chicago South and West Side founders, and women. The 77-company portfolio spans agtech, restaurant tech, robotics and AI, software services, and consumer goods. Named positions include Aigen (solar agricultural robotics), Eliyan (semiconductor chiplet interconnects), PreciTaste, and Farmer's Fridge.
Industries
AgriTechAI Infrastructure
Stages
SeedSeries A
Geography
US
Notable investments
- Farmer's Fridge
- PreciTaste
- Hero