Fundraising Fox
Flywheel
Minneapolis, US · Founded 2020 · Delaware corporation · 11 known investors
Find your way into Flywheel
Sign up to see every warm intro you have to Flywheel
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Flywheel team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
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.
BW
Brian WandellCo-founder
GS
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.
CM
Colby MoosmanCOO / CFOColby 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.
MD
Matthew D. MichelaChief Executive Officer & Director2024–2025Matthew 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.
SF
Sarah FazioExecutive
JO
Jim OlsonAdvisor to the Board2024–2024Jim 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.
MS
Mark SylvesterChief Financial Officer (founding team)2015–2019Mark 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.
TR
Travis RichardsonNamed on SEC filing
Board
FG
WB
MD
HH
Hooman HakamiCEO and Board ChairHe co-founded Forte Health Advisors in 2021 and has served as executive chair and, for a period in 2022, interim CEO of Quanta Dialysis Technologies. His board work includes chairing Perfuze, serving as a director of Natus Medical Incorporated, and advising GCX.
Investors · 11
8VClisted by 8VCAustin · $500K – $50M
How we know: 8VC's portfolio page · press coverage · the VCSheet dataset · open dataset · 5k.vc investor directory · 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 · open dataset · 5k.vc investor directory · Not right? Tell us
Intuitive Ventureslisted by Intuitive VenturesSunnyvale
How we know: a partner's Signal profile · the VCSheet dataset · Not right? Tell us
iSelect Fundlisted by iSelect FundSt. Louis · $250K – $2M
How we know: iSelect Fund's portfolio page · 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
NVIDIAlisted by NVIDIASanta Clara
How we know: funding news · nvidia.com · Not right? Tell us
NVenturesreportedSanta Clara
How we know: the VCSheet dataset · 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
4 people who came through Flywheel went on to found or lead other companies.
Related companies · 3
WheelWheel 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.
GuidewheelGuidewheel 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 AIFlywheel 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 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 3 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.