Flywheel Fund

Flywheel Fund is a venture capital firm based in Bloomington, Indiana. Founded in 2020, it invests in Indiana-based early-stage technology startups, with a focus on life sciences, medical devices, and software-enabled technologies.

Pat East

Executive Director

Martina Fausto

Venture Analyst

Eric Steele

Managing Partner

25 past transactions

Amplified Sciences

Seed Round in 2024
Amplified Sciences is a molecular diagnostics company developing a point-of-care platform that enables early detection of debilitating diseases. Its sensor-based and optical reporter systems, combined with machine learning and multi-analyte assays, target cancers and chronic conditions such as pancreatic cancer and kidney disease. The technology supports detection of low-abundance disease markers in urine and saliva, with scalability to cost-effective point-of-care formats. The company leverages ultra-sensitive sensing and composition-of-matter intellectual property licensed from Purdue University to deliver single-molecule level detection. Its portfolio aims to improve patient outcomes by enabling rapid, minimally invasive testing, reducing unnecessary procedures, and expediting diagnosis across oncology and other disease areas. The platform has demonstrated prototype data and is positioned for broad applicability across multiple disease states.

Yourco

Seed Round in 2023
Yourco is a B2B software company that provides a communication and recruitment platform for organizations with blue-collar or non-desk workforces. Its flagship product enables internal messaging and information sharing among frontline staff, helping employers improve coordination, safety, and operational updates. The platform also offers an SMS-based employee application to boost on-campus recruitment for talent acquisition teams by connecting with candidates, capturing contact and resume details, and syncing them automatically with the employer's systems to minimize manual data entry. Customers across manufacturing, logistics, and public-facing sectors rely on Yourco to reach non-desk staff, coordinate shifts, and streamline onboarding. Founded to serve a family printing business in 2021, the company expanded to wider markets and gained recognition as a future of work technology startup at SXSW 2023.

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-powered meeting assistant designed for revenue teams. It automates pre-meeting customer research, provides real-time insights and coaching during meetings, and generates post-meeting action items, follow-up emails, and answers based on past conversations.

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, foster alignment, and monitor performance within a unified interface. The platform enhances organizational alignment and provides greater operational visibility, allowing businesses to define and measure key initiatives on a single dashboard. This comprehensive approach facilitates real-time decision-making, performance tracking, and collaboration, ultimately helping organizations to monitor growth and enhance productivity.

Flamel AI

Venture Round in 2022
Founded in 2022, Flamel AI is headquartered in Cincinnati, Ohio. It offers an AI-driven design studio for influencer marketing content, enabling multi-location brands to create personalized social media posts, videos, and ads at scale while maintaining brand consistency.

Laxis

Seed Round in 2022
Laxis is an AI-powered meeting assistant designed for revenue teams. It automates pre-meeting customer research, provides real-time insights and coaching during meetings, and generates post-meeting action items, follow-up emails, and answers based on past conversations.

Finniva

Pre Seed Round in 2022
Finniva Technologies is a company that specializes in providing a marketplace for multi-family and commercial real estate developers. It has developed innovative software aimed at streamlining the material sourcing process for these developers. The platform allows users to find suppliers for direct materials, compare options within their locality, manage project orders, and coordinate purchase orders with multiple suppliers. This functionality enables developers to efficiently identify and procure the best materials for their large-scale projects, thereby enhancing operational efficiency in the real estate development sector.

Qualifi

Seed Round in 2022
Qualifi streamlines recruitment by offering an on-demand phone interview platform. It enables recruiters to efficiently screen candidates while maintaining a personal touch, reducing the hiring process from typical 16-24 days to just one day for most responses.

The Bee Corp

Venture Round in 2022
The Bee Corp is a company that specializes in enhancing agricultural productivity through advanced technological solutions. Its primary offering, Verifli, utilizes infrared inspection technology and data analytics to monitor beehives. This innovative platform allows growers to assess the number, health, and distribution of pollinating bees, ensuring effective pollination. By enabling beekeepers to measure pollination value and protect crop yields, The Bee Corp aims to increase agricultural output and support the sustainability of farming practices.

Invoke Learning

Seed Round in 2021
Invoke Learning develops an AI-driven education platform that helps institutions understand student behavior better. It provides insights into student engagement, sentiment, and success to guide institutions through changes.

Stagetime

Seed Round in 2021
Founded in 2020, Stagetime operates an online professional network dedicated to the performing arts. Its platform enables artists, agents, and administrators to grow professionally by showcasing their work, building industry connections, finding opportunities, and collaborating with peers.

FloVision Solutions

Seed Round in 2021
FloVision Solutions offers a platform that optimizes food industry operations by reducing waste. It uses machine learning algorithms to detect and analyze food waste, providing recommendations to users on how to minimize their 'food footprint' and save money.

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 streamlines recruitment by offering an on-demand phone interview platform. It enables recruiters to efficiently screen candidates while maintaining a personal touch, reducing the hiring process from typical 16-24 days to just one day for most responses.

Beastcoast

Pre Seed Round in 2021
Beastcoast is an online esports game organizer based in New York City, founded in 2017 by Grant Zinn. The company specializes in organizing games and tournaments tailored to players' interests, promoting a vibrant esports community. Beastcoast operates multiple esports teams and a content engine that emphasizes quality entertainment and community engagement. Additionally, the organization functions as a marketing agency and offers a white-label gaming merchandising and accessories business, providing gamers with merchandise while ensuring an environment that prioritizes player well-being and happiness. Through its diverse offerings, Beastcoast aims to foster the next generation of esports.

FloVision Solutions

Pre Seed Round in 2021
FloVision Solutions offers a platform that optimizes food industry operations by reducing waste. It uses machine learning algorithms to detect and analyze food waste, providing recommendations to users on how to minimize their 'food footprint' and save money.

Civic Champs

Seed Round in 2021
Civic Champs, Inc. is a technology company that specializes in developing a mobile-based platform for nonprofit organizations to streamline volunteer management. Founded in 2019 and headquartered in Bloomington, Indiana, with an additional office in Pittsburgh, Pennsylvania, Civic Champs offers an application that utilizes geofencing technology to monitor volunteer activities by automatically tracking when a volunteer's mobile device enters or exits designated areas. The platform facilitates essential functions such as hour tracking, scheduling, engagement, and analytical insights, enabling nonprofits to efficiently manage volunteer hours while reducing manual data entry. Additionally, it allows for small donations and provides real-time data access, mentorship tracking, and compliance features. Civic Champs aims to enhance volunteer engagement and help nonprofits maximize their impact by simplifying administrative processes. The application is available for download on both the App Store and Google Play.

Blueprint Stats

Seed Round in 2021
Blueprint Stats is a company that specializes in transforming basketball game footage into actionable insights through a combination of human and machine analysis. Its platform allows users to record and upload game videos, which are then processed to deliver comprehensive performance data, including statistics tables, shot charts, and detailed film breakdowns. This service is designed to enhance the performance of players, coaches, and teams by providing them with in-depth insights and advice, ultimately helping them improve their game both on and off the court. Blueprint Stats focuses on making the analysis of game film fast, affordable, and user-friendly, catering to the needs of the basketball community.

Qualifi

Pre Seed Round in 2021
Qualifi streamlines recruitment by offering an on-demand phone interview platform. It enables recruiters to efficiently screen candidates while maintaining a personal touch, reducing the hiring process from typical 16-24 days to just one day for most responses.

Civic Champs

Pre Seed Round in 2020
Civic Champs, Inc. is a technology company that specializes in developing a mobile-based platform for nonprofit organizations to streamline volunteer management. Founded in 2019 and headquartered in Bloomington, Indiana, with an additional office in Pittsburgh, Pennsylvania, Civic Champs offers an application that utilizes geofencing technology to monitor volunteer activities by automatically tracking when a volunteer's mobile device enters or exits designated areas. The platform facilitates essential functions such as hour tracking, scheduling, engagement, and analytical insights, enabling nonprofits to efficiently manage volunteer hours while reducing manual data entry. Additionally, it allows for small donations and provides real-time data access, mentorship tracking, and compliance features. Civic Champs aims to enhance volunteer engagement and help nonprofits maximize their impact by simplifying administrative processes. The application is available for download on both the App Store and Google Play.

Stagetime

Seed Round in 2020
Founded in 2020, Stagetime operates an online professional network dedicated to the performing arts. Its platform enables artists, agents, and administrators to grow professionally by showcasing their work, building industry connections, finding opportunities, and collaborating with peers.

Prediction Guard

Prediction Guard is a technology company specializing in secure, scalable generative artificial intelligence (GenAI) solutions. Its core product is a platform that integrates private GenAI functionality into software applications via an easy-to-use API. This platform is designed to protect sensitive data by preventing AI hallucinations and blocking unauthorized prompt injections. It operates on affordable hardware, ensuring data security while unlocking AI's value for users. The company focuses on system-level security, from model server configurations to AI outputs, enabling customers to leverage self-hosted data and infrastructure with flexible computing options.
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