Flywheel Fund

Flywheel Fund is a member-managed capital fund based in Bloomington, Indiana. From life sciences and medical devices with an emphasis on software and technology, we invest in early stage and high-potential startups.

Pat East

Executive Director

Martina Fausto

Venture Analyst

Brian Hatton

Investing Member and Venture Partner

Eric Steele

Managing Partner

24 past transactions

Amplified Sciences

Seed Round in 2024
Amplified Sciences LLC is a molecular diagnostics company focused on the early detection of debilitating diseases, particularly pancreatic cancer and kidney disease. Utilizing an ultra-sensitive molecular sensing technology licensed from Purdue University, the company’s platform can detect disease markers at the single molecule level, enabling accurate diagnosis from bodily fluids such as urine and saliva. This versatile technology is designed for scalability to point-of-care applications, allowing for effective disease screening with a favorable cost structure. Amplified Sciences has developed a working prototype and has published proof of concept data, positioning itself to meet significant unmet medical needs in diagnostics. Founded in 2016 and based in West Lafayette, Indiana, the company was previously known as Nutrabiotix.

Yourco

Seed Round in 2023
Yourco is a B2B SaaS company that specializes in creating internal communication solutions for organizations with a blue-collar workforce. Established in 2021, the company initially developed its platform for a family printing business and has since expanded its customer base to include notable clients such as Sherwin-Williams and the Indianapolis Airport Authority. Yourco's technology enables effective communication with non-desk employees, enhancing operational efficiency for its users. The company's rapid growth after its public launch has garnered recognition, including a spot at SXSW 2023 as one of the leading future of work technology startups. Yourco is supported by various venture capital firms and strategic angel investors, which underscores its potential in the market.

Aerovy

Pre Seed Round in 2023
Aerovy Mobility collaborates with airports, vertiports, aircraft manufacturers, and operators from all over the world to set up and manage energy infrastructure.

Laxis

Seed Round in 2023
Laxis is an AI meeting assistant tailored for revenue teams, aimed at enhancing productivity and accelerating growth. The platform automates customer research prior to meetings and provides real-time transcription and insights during discussions. After meetings, Laxis generates customer requirements, action items, and follow-up emails, streamlining post-meeting tasks. Additionally, users can interact with Laxis to obtain answers based on previous conversations, ensuring that important information is readily accessible.

AfterSchool HQ

Seed Round in 2023
AfterSchool HQ is a company that offers a youth program management software aimed at enhancing the after-school and summer learning experience for children. The platform facilitates the connection between youth and various engaging programs, allowing parents to easily find, register for, and pay for activities online. By replacing traditional extracurricular activity flyers in schools, AfterSchool HQ streamlines the process for parents and helps students explore their interests and talents while fostering friendships with peers who share similar passions.

Elate

Venture Round in 2023
Elate is a developer of a strategic planning platform that enables companies to effectively communicate their vision, create organizational alignment, and monitor performance in a unified environment. The platform enhances operational visibility, allowing businesses to define and measure key initiatives on a single dashboard. This facilitates real-time decision-making, performance tracking, and collaboration among teams. By utilizing Elate's platform, organizations can better monitor their growth and improve overall productivity.

Flamel AI

Venture Round in 2022
Flamel AI, founded in 2022 and based in Cincinnati, Ohio, operates a fully AI-driven design studio focused on influencer marketing content. The company utilizes artificial intelligence tools to produce a variety of marketing materials, including social media posts, videos, and radio advertisements. Its platform is designed to help users create appealing and engaging content for various social media platforms such as Instagram, Twitter, LinkedIn, and TikTok, thereby enhancing their marketing efforts in the digital space.

Laxis

Seed Round in 2022
Laxis is an AI meeting assistant tailored for revenue teams, aimed at enhancing productivity and accelerating growth. The platform automates customer research prior to meetings and provides real-time transcription and insights during discussions. After meetings, Laxis generates customer requirements, action items, and follow-up emails, streamlining post-meeting tasks. Additionally, users can interact with Laxis to obtain answers based on previous conversations, ensuring that important information is readily accessible.

Finniva

Pre Seed Round in 2022
Finniva Technologies operates a marketplace focused on multi-family and commercial real estate developers. The company has developed software that streamlines the material sourcing process, allowing developers to efficiently manage their purchasing needs. Finniva's platform assists users in finding suppliers for direct materials, comparing available options, managing project orders, and sending purchase orders to multiple suppliers. This functionality enables developers to efficiently locate the best materials for their large-scale projects, enhancing the overall development process.

Qualifi

Seed Round in 2022
Qualifi operates a digital screening platform designed to enhance the hiring experience through on-demand phone interviews. By allowing recruiters to pre-record, send, and manage audio interviews at scale, Qualifi streamlines the screening process, enabling human resource professionals to conduct a high volume of interviews efficiently. This approach not only saves time for both recruiters and candidates but also preserves a human touch in the hiring process. With the majority of candidate responses occurring on the first day, Qualifi helps recruiters secure top talent swiftly, significantly reducing the time traditionally associated with phone interviews.

The Bee Corp

Venture Round in 2022
The Bee Corp specializes in developing infrared image analysis software aimed at enhancing the effectiveness of bee pollination. Its primary product, Verifli, utilizes data analytics and infrared inspection technology to monitor the number, health, and distribution of pollinating bees within beehives. This innovative approach assists farmers and beekeepers in measuring the pollination value, determining pricing, and ultimately maximizing crop yields. By providing essential insights into bee populations and their health, The Bee Corp plays a critical role in supporting agricultural productivity and sustainability.

Invoke Learning

Seed Round in 2021
Invoke Learning will provide you with completely new insights around student engagement, sentiment, and success that you need to guide your institution through these tumultuous changes. ​

Stagetime

Seed Round in 2021
Stagetime Inc. operates an online professional network specifically designed for the performing arts sector. Established in 2020 and based in Bloomington, Indiana, the platform enables artists, agents, and artistic administrators to enhance their professional growth by showcasing their portfolios, building meaningful connections, and discovering collaboration opportunities. Users can engage with industry peers, share media, and communicate work-related news in a structured and professional manner. Through its services, Stagetime aims to facilitate relationship-building and foster a supportive community within the performing arts industry.

FloVision Solutions

Seed Round in 2021
FloVision Solutions operates a food analytics platform designed to help cafeterias and quick-service restaurants minimize food waste and enhance meal performance. The platform employs advanced machine learning algorithms and compact sensors to provide real-time data on food performance, defects, and process errors. By analyzing this information, it offers actionable recommendations to users, enabling them to optimize food procurement, increase yield and quality, and ultimately reduce their food footprint while saving costs. The comprehensive approach of FloVision Solutions empowers food processors and distributors to achieve greater efficiency and accountability in their operations.

All In Team Sports

Pre Seed Round in 2021
All in Team Sports offers coaches the tools required to improve their athletes' performances. For any coaches or athletes, they provide a limitless, free, one-hour All In demo. Their product features include team nutrition, a team hub, team messaging, team videos, and mental wellness.

Boost

Seed Round in 2021
Boost is an educational platform that offers a mobile application designed to assist students in managing their online learning. Integrated with Canvas LMS, the app provides essential tools, including assignment to-do lists and customizable notification preferences tailored to individual courses. This functionality enables students to organize their schoolwork effectively, helping them stay on track in an increasingly digital educational environment. By focusing on personal assistance, Boost aims to enhance the learning experience for busy students navigating their academic responsibilities.

Qualifi

Pre Seed Round in 2021
Qualifi operates a digital screening platform designed to enhance the hiring experience through on-demand phone interviews. By allowing recruiters to pre-record, send, and manage audio interviews at scale, Qualifi streamlines the screening process, enabling human resource professionals to conduct a high volume of interviews efficiently. This approach not only saves time for both recruiters and candidates but also preserves a human touch in the hiring process. With the majority of candidate responses occurring on the first day, Qualifi helps recruiters secure top talent swiftly, significantly reducing the time traditionally associated with phone interviews.

beastcoast

Pre Seed Round in 2021
Beastcoast is an online esports organization founded in 2017 by Grant Zinn in New York City. The company specializes in organizing games and tournaments tailored to players' interests, promoting community engagement and entertainment. Beastcoast operates multiple esports teams and a content engine, and it also functions as a marketing agency. Additionally, the organization offers a merchandise store for gamers, providing gaming accessories and apparel. By focusing on quality content and the overall well-being of players, Beastcoast aims to foster a vibrant esports community while enhancing the gaming experience.

FloVision Solutions

Pre Seed Round in 2021
FloVision Solutions operates a food analytics platform designed to help cafeterias and quick-service restaurants minimize food waste and enhance meal performance. The platform employs advanced machine learning algorithms and compact sensors to provide real-time data on food performance, defects, and process errors. By analyzing this information, it offers actionable recommendations to users, enabling them to optimize food procurement, increase yield and quality, and ultimately reduce their food footprint while saving costs. The comprehensive approach of FloVision Solutions empowers food processors and distributors to achieve greater efficiency and accountability in their operations.

Civic Champs

Seed Round in 2021
Civic Champs, Inc. is a software development company that provides a mobile-based platform aimed at enhancing volunteer management for nonprofit organizations. Founded in 2019 and headquartered in Bloomington, Indiana, with an additional office in Pittsburgh, Pennsylvania, Civic Champs offers an application that allows nonprofits to digitally track volunteer hours and related information necessary for grant applications. The platform incorporates geofencing technology to facilitate automatic check-ins when a volunteer enters or exits a designated area. Additionally, it supports features such as time tracking, event scheduling, mentorship tracking, and donation acceptance. By automating these processes, Civic Champs helps organizations reduce manual data entry and improve volunteer engagement, ultimately allowing them to focus more on their missions. The application is accessible on both the App Store and Google Play.

Blueprint Stats

Seed Round in 2021
Blueprint Stats is a sports data and insights platform focused on enhancing basketball performance through the analysis of game footage. It allows users to record their team's games and upload the video to a web application, where it is processed through both human and machine analysis. This service transforms video content into valuable performance data, providing in-depth insights, statistics tables, shot charts, and comprehensive film breakdowns. By delivering actionable advice, Blueprint Stats aims to support players, coaches, and teams in improving their skills and strategies both on and off the court. The platform is designed to be fast, affordable, and user-friendly, making it accessible for a wide range of users in the basketball community.

Qualifi

Pre Seed Round in 2021
Qualifi operates a digital screening platform designed to enhance the hiring experience through on-demand phone interviews. By allowing recruiters to pre-record, send, and manage audio interviews at scale, Qualifi streamlines the screening process, enabling human resource professionals to conduct a high volume of interviews efficiently. This approach not only saves time for both recruiters and candidates but also preserves a human touch in the hiring process. With the majority of candidate responses occurring on the first day, Qualifi helps recruiters secure top talent swiftly, significantly reducing the time traditionally associated with phone interviews.

Civic Champs

Pre Seed Round in 2020
Civic Champs, Inc. is a software development company that provides a mobile-based platform aimed at enhancing volunteer management for nonprofit organizations. Founded in 2019 and headquartered in Bloomington, Indiana, with an additional office in Pittsburgh, Pennsylvania, Civic Champs offers an application that allows nonprofits to digitally track volunteer hours and related information necessary for grant applications. The platform incorporates geofencing technology to facilitate automatic check-ins when a volunteer enters or exits a designated area. Additionally, it supports features such as time tracking, event scheduling, mentorship tracking, and donation acceptance. By automating these processes, Civic Champs helps organizations reduce manual data entry and improve volunteer engagement, ultimately allowing them to focus more on their missions. The application is accessible on both the App Store and Google Play.

Stagetime

Seed Round in 2020
Stagetime Inc. operates an online professional network specifically designed for the performing arts sector. Established in 2020 and based in Bloomington, Indiana, the platform enables artists, agents, and artistic administrators to enhance their professional growth by showcasing their portfolios, building meaningful connections, and discovering collaboration opportunities. Users can engage with industry peers, share media, and communicate work-related news in a structured and professional manner. Through its services, Stagetime aims to facilitate relationship-building and foster a supportive community within the performing arts industry.
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