Terpsi Capital
215 Pier Avenue, Suite C, Hermosa Beach, CA, 90254, United States
Overview
Terpsi Capital is a venture capital investment firm focused on early stage rapidly consumer brands.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Impact Investing
- Risk Management
- Venture Capital
Investment portfolio
- Bruvi
Participated · Series A · Sep 2021
Bruvi produces a multi-beverage, multi-brand single‑serve capsule coffee system that brews filter coffee, espresso, matcha lattes and Americanos and will offer sustainably sourced craft coffees and selections from Los Angeles roasters. The device is an IoT smart brewer with optional mobile app and Wi‑Fi connectivity. The company is B Corp pending and was founded by Sung Oh and Mel Elias. Bruvi raised $7M in a pre‑Series A round, bringing total capital raised to $10.8M. The company intends to use the new funds for manufacturing, software development, brewer inventory and digital advertising. It was preparing for pre-orders in November 2021 and a national launch in Q1 2022. Bruvi builds a connected single‑serve coffee system that brews filter coffee, espresso, Americanos, iced coffee, infused coffee and tea, plus cold brew using proprietary B‑Pods. Its system is an IoT smart device with Wi‑Fi and a mobile app that enables remote brewing, auto‑ordering of pods and a user dashboard of consumption patterns. B‑Pods are marketed as ethically and sustainably sourced and will include licensed brand partners. Founded in 2018 by Mel Elias and based in Los Angeles, the company previously raised $950k in pre‑seed funding in 2019. Bruvi secured $2.2M in seed funding to be used for manufacturing capital investment as it works toward a planned national launch in Q3 2021. The company is positioning its offering around convenience, connected features and recurring pod sales.