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Venture Capital
drummondroad.com

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Investments

98

Portfolio Exits

16

About Drummond Road Capital

Drummond Road Capital is a Venture Capital firm founded by Morris Wheeler. Drummond Road looks for entreprenuers that combine big, game changing ideas with the tenacity, comittment and competitive fire necessary to turn those ideas into profitable reality.

Drummond Road Capital Headquarters Location

Michigan,

United States

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Latest Drummond Road Capital News

Hammerhead Raises $4.2M

Mar 11, 2019

Hammerhead Raises $4.2M Hammerhead , creator of the Karoo cycling computer, has raised $4.2m in seed funding led by Primary Ventures and KB Partners, with participation from Courtside Ventures, Maveron, Drummond Road Capital, Robin Thurston, MapMyFitness cofounder, and Andy Ording, CEO of Zipp. Founded in 2013, the New York-based startup began its journey by creating a hammer-shaped smartphone-connected navigation device for bicycle handlebars that worked by flashing LEDs at turns. The product was discontinued and replaced by Karoo – a cycling computer featuring a large color touchscreen and keyboard that supports navigation and training. The device, which goes for $399, runs on a regularly updated Android-based operating system called Karoo OS, and the company plans on launching its own app store that will allow third-party software to run on the device. “The next major innovation in cycling will take place in software. Great software has always been a focus at Hammerhead. The bicycle of the future will be intelligent and data-driven. It will guide riders to the safest roads and best trails. It will facilitate the right workouts to achieve an athlete’s fitness goals. It will speak to a world of connected sensors and it will facilitate smart fleet management for bikeshare.” – Pieter Morgan, Hammerhead CEO. Bottom Line: Your next insurance partner. Share this

Drummond Road Capital Investments

98 Investments

Drummond Road Capital has made 98 investments. Their latest investment was in FloatMe as part of their Seed VC on October 10, 2020.

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Drummond Road Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/27/2020

Seed VC

FloatMe

$3.7M

Yes

2

9/25/2019

Seed VC

Axuall

$3M

Yes

3

3/7/2019

Seed VC - II

Hammerhead

$4.2M

No

4

8/13/2018

Seed VC

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10

7/19/2018

Series A - II

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0

Date

10/27/2020

9/25/2019

3/7/2019

8/13/2018

7/19/2018

Round

Seed VC

Seed VC

Seed VC - II

Seed VC

Series A - II

Company

FloatMe

Axuall

Hammerhead

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Amount

$3.7M

$3M

$4.2M

New?

Yes

Yes

No

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Co-Investors

Sources

2

3

4

10

0

Drummond Road Capital Portfolio Exits

16 Portfolio Exits

Drummond Road Capital has 16 portfolio exits. Their latest portfolio exit was Gem on March 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/9/2022

Acquired

$99M

1

1/19/2022

Acquired

$99M

1

8/10/2021

Acquired

$99M

3

11/4/2019

Acquired

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$99M

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10

3/12/2019

Acquired

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$99M

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10

Date

3/9/2022

1/19/2022

8/10/2021

11/4/2019

3/12/2019

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

3

10

10

Drummond Road Capital Team

1 Team Member

Drummond Road Capital has 1 team member, including current Founder, Morris Wheeler.

Name

Work History

Title

Status

Morris Wheeler

Founder

Current

Name

Morris Wheeler

Work History

Title

Founder

Status

Current

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