CLEVELAND AVENUE ADVISERS, LLC
CLEVELAND AVENUE ADVISERS, LLC is a Pre-seed, Seed, Series A, Series B and Series C+ fund in global writing $1M–$50M checks into Climate, Fintech, Healthcare, Marketplaces, Security, agri-tech, consumer-goods, lifestyle, food-beverage, technology, e-commerce, robotics, automation, software-services, healthcare-tech, clean-energy, edtech, manufacturing, industrial, media, entertainment, real-estate, proptech, semiconductors and hardware.
- Stages
- Pre-seed, Seed, Series A, Series B, Series C+
- Sectors
- Climate, Fintech, Healthcare, Marketplaces, Security, agri-tech, consumer-goods, lifestyle, food-beverage, technology, e-commerce, robotics, automation, software-services, healthcare-tech, clean-energy, edtech, manufacturing, industrial, media, entertainment, real-estate, proptech, semiconductors, hardware
- Check size
- $1M–$50M
- Invests in
- global
- Actively investing
- Yes
- Founded
- 2015
- Assets under management
- $2.5B
Thesis
Cleveland Avenue is a venture capital firm founded in 2015 and headquartered in Chicago, Illinois. With approximately $2.5 billion in AUM, the firm focuses on lifestyle consumer brands and technology companies that disrupt large, growing markets. Their investment thesis targets evolving consumer preferences, innovative product development, and strategic partnerships, spanning from Pre-Seed to early Growth Stage. They invest between $1 million and $50 million per deal, with potential for larger follow-on investments. Cleveland Avenue acts as an operating partner, offering deep industry expertise and operational support. Their focus sectors include AgriTech, Sustainability, Consumer Goods, Food & Beverage, Technology (E-commerce, Robotics, Software), Healthcare, Climate Tech, EdTech, Fintech, Manufacturing, Media, Real Estate, and Security. They also operate the CAST US Fund, dedicated to investing in Black- and Hispanic-owned companies and women-founded businesses. They generally avoid pure software without an embedded advantage, B2B services with low defensibility, non-consumer-facing tech, highly capital-intensive hardware, and commodity sectors.
Common questions
Does CLEVELAND AVENUE ADVISERS, LLC invest at the Pre-seed stage?
Yes. CLEVELAND AVENUE ADVISERS, LLC lists Pre-seed, Seed, Series A, Series B and Series C+ among the stages it invests in.
What check size does CLEVELAND AVENUE ADVISERS, LLC write?
CLEVELAND AVENUE ADVISERS, LLC writes $1M–$50M checks.
Where does CLEVELAND AVENUE ADVISERS, LLC invest?
CLEVELAND AVENUE ADVISERS, LLC invests in global.