Cleveland Avenue Advisers, LLC
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.
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
- 2 companiesportfolio 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.
- 5 dealswith 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- Chief Executive OfficerWhy: 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.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
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
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| 86 Repairs | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| AIGEN Inc. | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| American Backhoe | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
Stated thesis versus observed behaviour
- 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
Team
1 current, 0 departed
Decision makers
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
- Donald Thompson · Chief Executive OfficerWhy 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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Chief Executive Officer
Contacts
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
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Cleveland Avenue State Treasurer's Urban Success Fund, LP | Fund | 2020 form d first sale | Mature | $50.2M Mar 31, 2026 | 12 | $73.0M of $73.0M | Mar 11, 2021 |
| CA Opportunity Fund I LLC | Opportunity fund | unknown | Unknown | $552M Mar 31, 2026 | 1 | unknown | unknown |
| Cleveland Avenue Food and Beverage Fund II, LP | Fund | unknown | Unknown | $321M Mar 31, 2026 | 10 | $0 of $500M | Oct 9, 2020 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
43 co-investors
Co-investors
- 2026-10-015 shared deals · strong
- 2026-10-013 shared deals · recurring
- 2026-10-012 shared deals · recurring
Evidence and history
9 dated events, 57 observations from 4 sources
Timeline
- seen on or beforeSep 23, 2026Cleveland Avenue Advisers, LLC: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $1,398M)Classification changedClassificationInference
- Mar 31, 2026BIA Ca-Twg, LLC first reported on Form ADV by Cleveland Avenue Advisers, LLC (Venture Capital Fund), GAV $287,398,637
- Mar 31, 2026CA Opportunity Fund I LLC first reported on Form ADV by Cleveland Avenue Advisers, LLC (Venture Capital Fund), GAV $551,680,000
- May 26, 2022Cleveland Avenue Food and Beverage Fund I, LP first reported on Form ADV by Cleveland Avenue Advisers, LLC (Venture Capital Fund), GAV $53,095,976
- May 26, 2022Cleveland Avenue Advisers, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 31, 2026 · 7 private fundsShowHide
- 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
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $1.4B
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $765M across 5 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 30, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 30, 2024 | Fact | Form ADV |
| First Form ADV filing | 2022-05-26 | Mar 31, 2026 | Fact | Form ADV |
| First Form ADV filing | 2022-05-26 | Mar 30, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-30 | Mar 30, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2022-05-26 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 30, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Mar 30, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 14, 2026 | Fact | ||
| Headquarters | Chicago, IL | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Chicago, IL | Mar 30, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Mar 30, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Self-described type | Venture capital | Sep 14, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 30, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 14, 2026 | Fact | ||
| Private funds reported | 7 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 7 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 30, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.4B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.4B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $765M | Mar 30, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 23, 2026 | Fact | Form ADV |
| Stated geography | Chicago, colorado, global, indiana, maryland, michigan, minnesota, new york “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Chicago, colorado, global, indiana, maryland, michigan, minnesota, new york “geography words on the home page” | Sep 14, 2026 | Fact | |
| Stated sectors | AI, consumer, marketplaces, climate, hardware, robotics, agtech, media “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, consumer, marketplaces, climate, hardware, robotics, agtech, media “sector words on the home page” | Sep 14, 2026 | Fact | |
| Venture funds reported | 7 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 7 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 30, 2024 | Fact | Form ADV |
| Website | Mar 30, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 14, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $1.4B
- importance
- gav: 0.65 · 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
- Organization classification changed2026-09-23
- Adviser's first ADV filing2022-05-26source 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.