Drumbeat Ventures
7400 Valencia Drive, Sioux Falls, South Dakota, 57108, United States
Overview
Drumbeat Ventures is a venture capital firm makes investments in breakout consumer brands.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- Aloe Care Health
Participated · Seed · Apr 2021
Aloe Care Health offers a voice-activated, in-home digital care assistant centered on a Smart Hub that enables secure, two-way, hands-free voice communication. Its system includes Smart Sensors to detect falls, motion, air quality, and temperature, and it provides 24/7/365 access to a professional emergency response team. The company also provides a private, secure family app for real-time status checks, voice calls into the Smart Hub, and care collaboration with family and professional caregivers. Led by co-founder and CEO Ray Spoljaric, Aloe Care positions itself as a remote caregiving solution for in-home monitoring and communication. The company raised $5M to support expansion of operations, business reach, and product development efforts.
- ettitude
Led · Equity · May 2020
Ettitude sells high-end, sustainable bedding and sleepwear made from bamboo fibers through a direct-to-consumer model. Its textiles are produced at a factory in Zhejiang, China, using non-toxic solvents and a closed-loop water-reuse system. The brand began in Melbourne, Australia, and relocated to the U.S. as orders grew. Co-founders Phoebe Yu and Kat Dey lead the business; Yu sourced the production process from her prior work exporting textiles and Dey brings retail and branding experience. Sales are reported as growing, and ettitude’s queen-sized sheet sets retail at an average price of $178. The company plans to use new capital to boost sales and marketing and to expand beyond bedding into sleepwear and other categories. Ettitude sells bamboo lyocell bedding and pajamas positioned as an eco-friendly alternative that feels like a hybrid of silk and cotton and stays cooler than conventional fabrics. The company highlights sustainability claims for bamboo lyocell, noting roughly 10x the fiber yield per acre of cotton and under 10% of the water required to grow cotton. Product feedback in the article noted the sheets are soft and cool but require more attentive laundering (cold wash and separate or laundry-bag use). Ettitude launched first in Australia, expanded to the U.S. late in the summer, and has sold “tens of thousands” of units. The business reports roughly 20% month-over-month growth and has gained traction via direct-to-consumer e-commerce. The company is predominantly bootstrapped but has taken friends-and-family capital and accelerator funding.
Team
Alex Glass
Co-founder, Strategy & Human Systems
LinkedIn