Cleveland Avenue Advisers, LLC

Multi-stage venture firmSEC venture capital fund adviser· Chicago, Illinoisclevelandavenue.com

Cleveland Avenue helps to unlock the value of our investments by developing strong business leaders and leveraging our vast organizational capabilities to support growth and change. We’re more than a passive investor. We help our portfolio companies build the future by investing in people and ideas that bring true world changing value to the lives of consumers.

In the firm's own words, from its website.

Reported fund assets
$1.4B
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Latest vintage
2020
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (66)Team (1)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

37 additional co-investors and affiliates, 67 additional investments, funds and LPs, 4 events, 1 verified contact (1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 2 companies
    portfolio raising

    2 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 16 Sep 2026 ($25M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →
  2. 5 deals
    with Greatpoint Investment Management

    Invests most often alongside Greatpoint Investment Management (5 shared deals) and Portfolia Venture Management (3 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Donald Thompson
    Chief Executive Officer
    Why: Runs the firm (chief executive or president)
    No route on file yet

Relationship network

114 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Cleveland Avenue Advisers, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Cleveland Avenue Advisers, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

66 companies on record, 0 new in 12 months
Investments on record
66 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
86 Repairsportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
AIGEN Inc.portfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
American Backhoeportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Stated thesis versus observed behaviour
66 observed deals
Stated (the firm’s website)
Sectors
ai, consumer, marketplaces, climate, hardware, robotics, agtech, media
Stages
not stated or not yet read
Geography
chicago, colorado, global, indiana, maryland, michigan, minnesota, new york
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (7)Consumer products and retail (1)
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

1 current, 0 departed
Decision makers
who to call first, and why; then everyone else by function

No one at this firm holds a partner, managing director or investment-lead title on record yet; the people named here are listed below by function.

Who else at this firm · 1 person, grouped by function
Investment team (1)
  • Donald Thompson · Chief Executive Officer
    Why this person: Runs the firm (chief executive or president)

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
1 current, 0 departed
Contacts
1 firm phone

1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

7 vehicles, 0 LPs disclosed
Funds and vehicles
7 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Cleveland Avenue State Treasurer's Urban Success Fund, LPFund2020 form d first saleMature$50.2M
Mar 31, 2026
12$73.0M
of $73.0M
Mar 11, 2021
CA Opportunity Fund I LLCOpportunity fundunknownUnknown$552M
Mar 31, 2026
1unknownunknown
Cleveland Avenue Food and Beverage Fund II, LPFundunknownUnknown$321M
Mar 31, 2026
10$0
of $500M
Oct 9, 2020
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

43 co-investors
Co-investors
43 counted from shared deals, for the whole firm

Evidence and history

9 dated events, 57 observations from 4 sources
Timeline
9 dated events
  1. seen on or beforeSep 23, 2026
    Cleveland Avenue Advisers, LLC: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $1,398M)
    Classification changedClassificationInferenceno URL
  2. Mar 31, 2026
    BIA Ca-Twg, LLC first reported on Form ADV by Cleveland Avenue Advisers, LLC (Venture Capital Fund), GAV $287,398,637
    Fund first reported on Form ADVFundsInferenceBIA Ca-Twg, LLCForm ADV
  3. Mar 31, 2026
    CA Opportunity Fund I LLC first reported on Form ADV by Cleveland Avenue Advisers, LLC (Venture Capital Fund), GAV $551,680,000
    Fund first reported on Form ADVFundsInferenceCA Opportunity Fund I LLCForm ADV
  4. May 26, 2022
    Cleveland Avenue Food and Beverage Fund I, LP first reported on Form ADV by Cleveland Avenue Advisers, LLC (Venture Capital Fund), GAV $53,095,976
    Fund first reported on Form ADVFundsFactCleveland Avenue Food and Beverage Fund I, LPForm ADV
  5. May 26, 2022
    Cleveland Avenue Advisers, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 7 private fundsShow
Headquarters
Chicago, ILadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
clevelandavenue.com
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 31, 2026
Private funds reported
7 (7 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$1.4Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Cleveland Avenue LLC (Member), owns 75% or more
Classification history
Every classification this record has carried2 on recordShow
  1. Sep 23, 2026
    Multi-stage venture firm (confirmed, 95%)
    Both early and growth/opportunity families, reported GAV $1.4B
  2. Sep 12, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $765M across 5 vehicles
Evidence
57 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 31, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 30, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 31, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 30, 2024FactForm ADV
First Form ADV filing2022-05-26Mar 31, 2026FactForm ADV
First Form ADV filing2022-05-26Mar 30, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2026-03-31Mar 31, 2026FactForm ADV
Latest Form ADV filing2024-03-30Mar 30, 2024FactForm ADV
SEC statusERA - ActiveMar 31, 2026FactForm ADV
SEC status effective2022-05-26Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 31, 2026FactForm ADV
Venture share of reported funds1Mar 30, 2024FactForm ADV
Business phoneMar 31, 2026FactForm ADV
Business phoneMar 30, 2024FactForm ADV
DescriptionSep 16, 2026Factno URL
DescriptionSep 14, 2026Factno URL
HeadquartersChicago, ILMar 31, 2026FactForm ADV
HeadquartersChicago, ILMar 30, 2024FactForm ADV
Office addressMar 31, 2026FactForm ADV
Office addressMar 30, 2024FactForm ADV
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 14, 2026Factno URL
Legal formLimited Liability CompanyMar 31, 2026FactForm ADV
Legal formLimited Liability CompanyMar 30, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 14, 2026Factno URL
Private funds reported7Mar 31, 2026FactForm ADV
Private funds reported7Mar 31, 2026FactForm ADV
Private funds reported5Mar 30, 2024FactForm ADV
Private fund gross assets (reported)$1.4BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$1.4BMar 31, 2026FactForm ADV
Private fund gross assets (reported)$765MMar 30, 2024FactForm ADV
Schedule a diffsadiff-1Sep 23, 2026FactForm ADV
Stated geographyChicago, colorado, global, indiana, maryland, michigan, minnesota, new york
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyChicago, colorado, global, indiana, maryland, michigan, minnesota, new york
“geography words on the home page”
Sep 14, 2026Factno URL
Stated sectorsAI, consumer, marketplaces, climate, hardware, robotics, agtech, media
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsAI, consumer, marketplaces, climate, hardware, robotics, agtech, media
“sector words on the home page”
Sep 14, 2026Factno URL
Venture funds reported7Mar 31, 2026FactForm ADV
Venture funds reported7Mar 31, 2026FactForm ADV
Venture funds reported5Mar 30, 2024FactForm ADV
WebsiteMar 30, 2024FactForm ADV
Site titleSep 16, 2026Factno URL
Site titleSep 14, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShow
Importance
55
elevated
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Multi-stage venture firmSEC exempt reporting adviser

Both early and growth/opportunity families, reported GAV $1.4B

The inputs behind each score
importance
gav: $1 · funds: 0.58 · people: 0 · investments: 0.67 · co investors: 0.66
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 7 · reported gav: $1.4B · first adv filing: 2022-05-26 · years since first filing: 4.4

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-23
  • Adviser's first ADV filing
    2022-05-26source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

Not yet on record: investment team.