Cleveland Avenue, LLC, a Chicago-based accelerator that strategically invests in innovative, consumer-focused restaurant, food and beverage concepts, today announced a strategic partnership and majority investment in the PizzaRev restaurant chain, based in Los Angeles.
The chain offers customers a “Craft Your Own” pizza fast-casual dining experience in dozens of locations across the U.S., with 200 currently in development.
“This is more than an investment, this is a partnership,” said Don Thompson, founder and CEO of Cleveland Avenue. “Our mission is to provide collaborative expertise and educational, practical and financial resources to our network of entrepreneurs and industry partners. We’re delighted to join forces with PizzaRev and begin working together toward achieving long-term sustained success.”
PizzaRev’s co-founder and co-CEO, Nicholas Eckerman, said that the company shares a common vision with Cleveland Avenue to take PizzaRev to the next level, while keeping customers top of mind.
“Our focus is always on our customers and giving them delicious, unexpected and quality choices in this pizza revolution we’ve created,” said Eckerman. “Cleveland Avenue’s team has the industry expertise, versatile resources and strategic vision we need at this crucial juncture in PizzaRev’s growth.”
“We’re attracted to PizzaRev because of its potential for scale and growth,” said Thompson.
May 22, 2017