Fundraising Fox
Flywheel
Minneapolis, US · Founded 2020 · Delaware corporation · 10 known investors
Find your way into Flywheel
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1,374 people can intro you to Gunnar
Ask Devin Leake to introduce you to Gunnar Schaefer
You →Devin · together at Flywheel.io →Gunnar
609 people can intro you to Mark
Ask Jamie Chen to introduce you to Mark Sylvester
You →Jamie · together at The Emily Program →Mark
274 people can intro you to Colby
Ask Sam Okafor to introduce you to Colby Moosman
You →Sam · together at Tidemark →Colby
- Matthew D. Michela198 people can intro you
- Jim Olson21 people can intro you
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Flywheel provides a platform for organizing, managing, and sharing medical imaging data. The company serves pharmaceutical companies, medical device manufacturers, AI developers, and academic medical centers to accelerate clinical trials, advance AI development, and streamline research workflows.
Founders & leadership
Flywheel was founded in 2020 by Brian Wandell and Gunnar Schaefer.
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Brian WandellCo-founder
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Gunnar SchaeferCo-founderGunnar Schaefer co-founded Flywheel in 2015, serving as CTO for eight years while leading product and technology strategy for the medical imaging data management platform. Previously, he worked as lead software engineer at Stanford University's Center for Cognitive and Neurobiological Imaging, developing scientific data management systems.
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Colby MoosmanExecutiveColby Moosman is an executive with experience in strategy, operations, and financial leadership across Fortune 100 companies, growth-stage startups, and PE-backed businesses, with a track record scaling enterprise software companies and leading capital transactions and restructurings.
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Matthew D. MichelaExecutiveMatthew D. Michela has over 30 years of experience in healthcare technology and operations across payers, providers, and life sciences, with a background leading companies through growth and capital raises, building compliant global operations, and developing AI and analytics platforms for healthcare enterprises.
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Sarah FazioExecutive
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Jim OlsonExecutiveJim Olson is Executive Officer of Flywheel Exchange, which provides a platform for organizing, managing, and sharing medical imaging data to support clinical trials and AI development. His background includes expertise in SaaS, data infrastructure, growth strategy, capital raising, team building, and business operations.
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Mark SylvesterExecutiveMark Sylvester has founded or co-founded multiple companies over two decades, held executive positions including CFO, COO, and CEO in SaaS, health tech, and healthcare services, and has led capital raises totaling over $300M. He holds a JD from the University of St. Thomas School of Law and serves as Executive Officer at Flywheel Exchange.
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Travis RichardsonNamed on SEC filing
Board
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Hooman HakamiBoard director
Investors · 10
8VClisted by 8VCAustin · $100K – $50M
How we know: 8VC's portfolio page · press coverage · the VCSheet dataset · Not right? Tell us
Alumni Ventureslisted by Alumni VenturesManchester · $100K – $10M
How we know: av.vc · Not right? Tell us
Beringealisted by BeringeaLondon · $3M – $10M
How we know: Beringea's portfolio page · Not right? Tell us
Great North Ventureslisted by Great North VenturesMaple Grove
How we know: Great North Ventures's portfolio page · Not right? Tell us
Intuitive Ventureslisted by Intuitive VenturesSunnyvale
How we know: the VCSheet dataset · Not right? Tell us
Lightbanklisted by LightbankChicago · $500K – $5M
How we know: Lightbank's portfolio page · Not right? Tell us
Novalis LifeScienceslisted by Novalis LifeSciencesPortsmouthvia Marijn Dekkers · board
How we know: board seat on SEC Form D · press coverage · Not right? Tell us
NVenturesreportedSanta Clara
How we know: the VCSheet dataset · Not right? Tell us
NVIDIAreportedSanta Clara
How we know: funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$144.1M disclosed across 9 rounds · 2017–2025
▶$16.4MraisedDec 2025 · 40 investors · Other TechnologyRule 506(b)
▶$16.4MraisedDec 2025 · 40 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Hooman HakamiExecutive Officer, Director
- Constantine G. PantelisDirector
- Francisco GimenezDirector
- Paul MeisterDirector
- Devin LeakeDirector
- Colby MoosmanExecutive Officer
- William BlakeDirector
- Marijn DekkersDirector
- Offering amount
- $27.4M
- Amount sold
- $16.4M
- First sale
- Dec 2025
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$2.3MraisedNov 2025 · 4 investors · Other TechnologyRule 506(b)
▶$2.3MraisedNov 2025 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Marijn DekkersDirector
- William BlakeDirector
- Francisco GimenezDirector
- Troy D. KopischkeDirector
- Colby MoosmanExecutive Officer
- Hooman HakamiExecutive Officer, Director
- Offering amount
- $2.5M
- Amount sold
- $2.3M
- First sale
- Oct 2025
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$20MraisedJan 2025 · 57 investors · Other TechnologyRule 506(b)
▶$20MraisedJan 2025 · 57 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Marijn DekkersDirector
- Francisco GimenezDirector
- Colby MoosmanExecutive Officer
- Hooman HakamiDirector
- William BlakeDirector
- Troy KopischkeDirector
- Matthew D. MichelaExecutive Officer, Director
- Sarah FazioExecutive Officer
- Offering amount
- $30M
- Amount sold
- $20M
- First sale
- Dec 2024
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$50MraisedJun 2023 · 24 investors · Other TechnologyRule 506(b)
▶$50MraisedJun 2023 · 24 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Sara FazioExecutive Officer
- James OlsonExecutive Officer, Director
- Danny JoeExecutive Officer
- Marjin DekkersDirector
- Troy D. KopischkeDirector
- William BlakeDirector
- Francisco GimenezDirector
- Offering amount
- $56.3M
- Amount sold
- $50M
- First sale
- May 2023
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$4.3MraisedFeb 2023 · 7 investors · Other TechnologyRule 506(b)
▶$4.3MraisedFeb 2023 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Danny JoeExecutive Officer
- Danny J. CunaginDirector
- James OlsonExecutive Officer, Director
- Troy D. KopischkeDirector
- William BlakeDirector
- Francisco GimenezDirector
- Sara FazioExecutive Officer
- Offering amount
- $10M
- Amount sold
- $4.3M
- First sale
- Jan 2023
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$21.5MraisedSep 2021 · 25 investors · Other TechnologyRule 506(b)
▶$21.5MraisedSep 2021 · 25 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Sarah FazioExecutive Officer
- Francisco GimenezDirector
- Jim OlsonExecutive Officer, Director
- Troy KopischkeDirector
- Danny JoeExecutive Officer
- Danny CunaginDirector
- William BlakeDirector
- Offering amount
- $25M
- Amount sold
- $21.5M
- First sale
- Aug 2021
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$21.1MraisedJan 2021 · 33 investors · Other TechnologyRule 506(b)
▶$21.1MraisedJan 2021 · 33 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jim OlsonExecutive Officer, Director
- Danny J. CunaginDirector
- Troy D. KopischkeDirector
- Travis RichardsonExecutive Officer
- Gunnar SchaeferExecutive Officer
- Sarah FazioExecutive Officer
- Neal MeyerExecutive Officer
- Francisco GimenezDirector
- William BlakeDirector
- Offering amount
- $23.3M
- Amount sold
- $21.1M
- First sale
- Oct 2020
- Incorporated
- Corporation, Delaware, 2020
- Federal exemptions
- 06b
▶$8.5MraisedJun 2019 · 53 investors · Other TechnologyRule 506(b)
▶$8.5MraisedJun 2019 · 53 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Troy D. KopischkeExecutive Officer, Director
- Danny J. CunaginDirector
- Brian WandellDirector
- Travis RichardsonExecutive Officer
- Mark SylvesterExecutive Officer
- Gunnar SchaeferExecutive Officer
- Offering amount
- $8.5M
- Amount sold
- $8.5M
- Minimum investment
- $50K
- First sale
- Aug 2017
- Incorporated
- Limited Liability Company, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Flywheel Exchange, Inc. went on to found or lead other companies.
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Companies working in the same space as Flywheel.
Non-dilutive funding · 1 SBIR/STTR award
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Institutes of Health (NIH)National Institutes of Health | Phase II | 2022 | $2M |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
In the news
Frequently asked questions
- What does Flywheel do?
- Flywheel provides a platform for organizing, managing, and sharing medical imaging data. The company serves pharmaceutical companies, medical device manufacturers, AI developers, and academic medical centers to accelerate clinical trials, advance AI development, and streamline research workflows.
- Who founded Flywheel?
- Flywheel was founded by Brian Wandell, Gunnar Schaefer in 2020.
- Who are Flywheel's investors?
- Flywheel's investors include 8VC, Alumni Ventures, Beringea, Great North Ventures, Intuitive Ventures, iSelect Fund, Lightbank, Novalis LifeSciences and 2 more.
- How much funding has Flywheel raised?
- Flywheel has disclosed $144.1M raised across 9 rounds.
- Where is Flywheel headquartered?
- Flywheel is headquartered in Minneapolis, US.