Profile
Cleveland Avenue is a venture capital firm based in Chicago, Illinois, founded in 2015. The firm focuses on investing in lifestyle consumer brands and technology companies that aim to disrupt large markets positively. With a team of 22 professionals, Cleveland Avenue provides not only financial resources but also expertise and holistic business support to its portfolio companies.
The firm invests across various stages, including seed, Series A, and Series B+, with a typical check size ranging from $1 million to $10 million. Cleveland Avenue has a strong focus on sectors such as food and agriculture, consumer packaged goods, retail tech, and AI. The firm is committed to investing in diverse founders, with mandates to deploy significant portions of its capital to Black- and Hispanic-owned businesses and women-founded companies. Its investments are primarily in the USA, with a particular emphasis on Chicago's South and West Sides.
Notable investments by Cleveland Avenue include CH4 Global - natural animal feed supplements, CancerIQ - genetic information platform, Footprint - sustainable packaging solutions, SparkCharge - mobile EV charging, and Rheaply - resource exchange platform. These companies reflect the firm's commitment to sustainability and innovation in consumer and technology sectors.
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