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Flywheel Exchange, Inc.

Minneapolis, US · Founded 2020 · Delaware corporation · 9 known investors

Find your way into Flywheel Exchange, Inc.

1,257 people in our graph share verified history with the Flywheel Exchange, Inc. team — schools, employers, funds. One of them is your warm intro.

Deep Nisharunlockedknows Gunnar Schaefer · together at Stanford University (overlapped)
×11knows the team · via Stanford University

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.

AI & Machine LearningData & InfrastructureHealthtechMedical Devices

Founders & leadership

Flywheel Exchange, Inc. was founded in 2020 by Brian Wandell and Gunnar Schaefer.

BW
Brian WandellCo-founder
GSGunnar Schaefer
Gunnar SchaeferinCo-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.
CMColby Moosman
Colby MoosmaninExecutive
MDMatthew D. Michela
Matthew D. MichelainExecutive
SF
Sarah FazioExecutive
JOJim Olson
Jim OlsoninExecutive
MSMark Sylvester
Mark SylvesterinExecutive
TR
Travis RichardsonNamed on SEC filing

Board

FGFrancisco Gimenez
Francisco Gimenezin𝕏Board directorInvestment Team at 8VC
WB
William BlakeBoard director
MDMarijn Dekkers
Marijn DekkersBoard directorChairman at Novalis LifeSciences
HH
Hooman HakamiBoard director

Investors · 9

8VCAustin · $100K – $50M
BeringeaLondon · $3M – $10M
Great North VenturesMaple Grove
Intuitive VenturesSunnyvale
iSelect FundSt. Louis · $250K – $2M
LightbankChicago · $500K – $5M
Novalis LifeSciencesPortsmouthvia Marijn Dekkers · board
NVenturesreportedSanta Clara
NVIDIAreportedSanta Clara

Reported raises · per SEC filings

Form D private placements

$144.1M disclosed across 9 rounds · 2017–2025

▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 4

by search overlap
Flywheel25 shared keywordsWP Engine (Flywheel) provides enterprise-grade WordPress hosting infrastructure designed to support high-traffic websites with advanced caching, security, and network optimization. The platform serves digital businesses needing reliable uptime, collaboration tools, and scalable hosting solutions.
Wheel24 shared keywordsWheel is a virtual care platform that enables healthcare organizations and consumer health brands to deliver remote patient care through a configurable infrastructure and network of clinicians.
Guidewheel24 shared keywordsGuidewheel builds a FactoryOps platform that helps factory teams reduce downtime, improve output, and optimize performance through a simple, scalable solution. The company serves manufacturing facilities globally, enabling them to reach sustainable peak performance.
Flywheel AI23 shared keywordsFlywheel AI provides remote operation systems for excavators and construction equipment, enabling operators to control multiple machines or sites from a distance while improving site safety and productivity.

Companies competing with Flywheel Exchange, Inc. for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Institutes of Health (NIH)National Institutes of HealthPhase II2022$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

Innovative startups, student entrepreneurs thrive at Flywheel Investment Conference | Business World | wenatcheeworld.comwenatcheeworld.com · Jul 2026Flywheel's Closure and The Bridge Note: What Flywheel Investors Need to Knowgroundfloor.com · Jun 2026Flywheel Secures $25 Million in Equity Roundthesaasnews.com · Jan 2026Flywheel Closes $25M Equity Fundingfinsmes.com · Jan 2026Flywheel Reports Record Growth in 2025 | Flywheel | Flywheelflywheel.io · Jan 2026Startup Flywheel raises $20 million for managing medical image data - Minneapolis / St. Paul Business Journalbizjournals.com · Jan 2025

Frequently asked questions

What does Flywheel Exchange, Inc. 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 Exchange, Inc.?
Flywheel Exchange, Inc. was founded by Brian Wandell, Gunnar Schaefer in 2020.
Who are Flywheel Exchange, Inc.'s investors?
Flywheel Exchange, Inc.'s investors include 8VC, Beringea, Great North Ventures, Intuitive Ventures, iSelect Fund, Lightbank, Novalis LifeSciences, NVentures and 1 more.
How much funding has Flywheel Exchange, Inc. raised?
Flywheel Exchange, Inc. has disclosed $144.1M raised across 9 rounds.
Where is Flywheel Exchange, Inc. headquartered?
Flywheel Exchange, Inc. is headquartered in Minneapolis, US.