Flywheel Fund logo

Flywheel Fund

North America, Indiana, United States, Bloomington

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
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Flywheel Fund frequently co-invest with?

Start Something Ventures
North America, Indiana, United States, Indianapolis
Co-Investments: 2
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 3
GG
North America, Indiana, United States, Indianapolis
Co-Investments: 2
IA
North America, Indiana, United States, Bloomington
Co-Investments: 3
Sixty8 Capital
North America, Indiana, United States, Indianapolis
Co-Investments: 3
IU Ventures
North America, Indiana, United States, Bloomington
Co-Investments: 2
Elevate Ventures
North America, Indiana, United States, Indianapolis
Co-Investments: 14
M25
North America, Illinois, United States, Chicago
Co-Investments: 3
VisionTech Partners
North America, Indiana, United States, Indianapolis
Co-Investments: 2
Allos Ventures
North America, Indiana, United States, Carmel
Co-Investments: 3

Which angels does Flywheel Fund often collaborate with?

Daren Cotter
North America, Minnesota, United States, Saint Paul
Shared Deals: 1
SD
North America, Indiana, United States, Indianapolis
Shared Deals: 1
JZ
North America, Indiana, United States, Whitestown
Shared Deals: 1
Danny Hadar
Asia, Israel
Shared Deals: 1
SH
North America, New Jersey, United States, Union
Shared Deals: 1

What are some of recent deals done by Flywheel Fund?

Prediction Guard

Lafayette, Indiana, United States

Prediction Guard offers a secure GenAI platform that protects sensitive data and integrates easily into software applications.

Artificial Intelligence (AI)SoftwareSoftware Engineering
SeedMay 13, 2025
Amount Raised: $3,700,000
Amplified Sciences

West Lafayette, Indiana, United States

Amplified Sciences is a life science diagnostics company focusing on detecting and pre-empting the risks of debilitating diseases.

BiotechnologyHealth CareHealth Diagnostics
SeedNov 25, 2024
Amount Raised: $2,600,000
Yourco

Indianapolis, Indiana, United States

SMS-based internal communications and intranet platform for businesses with a non-desk workforce.

Communications InfrastructureSoftware
SeedOct 24, 2023
Amount Raised: $2,000,000
Laxis

San Francisco, California, United States

Laxis is the AI meeting assistants for revenue teams.

Artificial Intelligence (AI)Software
SeedOct 2, 2023
Amount Raised: $1,500,000
AfterSchool HQ

Fishers, Indiana, United States

AfterSchool HQ replaces the extracurricular activity flyer at schools enabling parents to find, register, and pay for programs online.

EdTechMarketplaceSoftware
SeedJun 2, 2023
Amount Raised: $3,000,000
Elate

Indianapolis, Indiana, United States

Elate is an operations platform designed to reach business outcomes by unifying internal technologies and disparate data.

ComputerProductivity ToolsSoftware
Series AFeb 13, 2023
Amount Raised: $4,900,000
Flamel AI

Cincinnati, Ohio, United States

Flamel AI provides a fully AI-driven design studio for influencer marketing content.

Artificial Intelligence (AI)ContentDigital MarketingSocial Media Marketing
Pre SeedNov 30, 2022
Amount Raised: $2,000,000
Laxis

San Francisco, California, United States

Laxis is the AI meeting assistants for revenue teams.

Artificial Intelligence (AI)Software
SeedJul 25, 2022
Finniva Technologies

Bloomington, Indiana, United States

Finniva Technologies is a marketplace for multi-family and commercial real estate developers.

CommercialCommercial Real EstateMarketplaceReal Estate
Pre SeedMay 26, 2022
Amount Raised: $22,500
Qualifi

Noblesville, Indiana, United States

Qualifi is a software company enabling on-demand phone interviews with AI, machine learning, and automation.

Artificial Intelligence (AI)Human ResourcesMachine LearningRecruitingSoftware
SeedFeb 17, 2022
Amount Raised: $2,500,000