
Flywheel Fund
Description
Flywheel Fund is a micro-venture capital firm strategically located in Bloomington, Indiana, with a dedicated focus on fostering the growth of early-stage technology startups across Indiana and the broader Midwest region. Established to address the funding gap for nascent ventures outside traditional tech hubs, the fund plays a crucial role in strengthening the local entrepreneurial ecosystem. It is closely associated with The Dimension Mill, a co-working and innovation center, reflecting its deep roots within Bloomington's vibrant startup community.
The firm primarily targets pre-seed and seed-stage companies developing scalable technology solutions. Flywheel Fund's investment thesis centers on identifying promising startups with strong founding teams and innovative ideas that have the potential for significant regional and national impact. Beyond capital, the fund emphasizes providing strategic guidance, mentorship, and access to a valuable network of advisors and industry experts, aiming to accelerate the development and market entry of its portfolio companies. This hands-on approach is critical for the early-stage ventures they support.
Flywheel Fund's typical initial investments range from $25,000 to $100,000, positioning it as a vital first-money source for many emerging companies in the region. Since its inception, the fund has actively deployed capital, supporting over 20 companies across diverse sectors, including SaaS, health tech, and advanced manufacturing. This consistent investment activity underscores its commitment to cultivating a robust and self-sustaining tech economy in Indiana, providing essential early-stage capital that might otherwise be difficult for local founders to secure.
Investor Profile
Flywheel Fund has backed more than 22 startups, with 2 new investments in the last 12 months alone. The firm has led 1 rounds, about 5% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Software, Artificial Intelligence (AI), Machine Learning.
- Typical check size: $25K – $100K.
Stage Focus
- Seed (50%)
- Pre Seed (41%)
- Series Unknown (5%)
- Series A (5%)
Country Focus
- United States (100%)
Industry Focus
- Software
- Artificial Intelligence (Ai)
- Machine Learning
- Analytics
- Human Resources
- Recruiting
- Content
- Marketplace
- Food And Beverage
- Waste Management
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.