Fundraising Fox
Flywheel Fund
Venture capitalBloomington · Pre-Seed–Series A · 5 people tracked
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Investment thesis
Flywheel Fund is an Indiana-focused, early-stage venture capital fund backing pre-seed and seed tech startups that have a built product and early customer traction. Companies need a genuine Indiana connection, though incorporation there is not required. The fund looks for driven founders committed to building diverse teams, scalable and defensible tech-driven products, and healthy markets with clear growth paths and validated demand. It typically participates in rounds of $100K to $1.5M. For investors, the fund pools capital from accredited investors with a low entry point, providing diversification, professional management, and support to the regional startup ecosystem.
Source: firm website, verified Sep 20, 2026.
Team · 5 people
from the firm's website & curated & public directoriesWhat they invest in
from 12 of 15 portfolio companiesSaaS ×9AI & Machine Learning ×5Enterprise Software ×4Data & Infrastructure ×3Healthtech ×3EdTech ×2Gaming ×2Marketing Tech ×2
HQs:United States×14
Investments · 15 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12024 · 12023 · 32022 · 42021 · 12018 · 112 dated
Aerovy provides an operating platform for industrial companies that layers AI agents, automation, and custom SaaS applications on top of a governed data fabric connecting machines, ERPs, and dealer networks.
Advanced ManufacturingAI & Machine LearningCloud ComputingSaaSWest Lafayette, US
Nick Gunady(CEO)in
BoardThomas Chen(Director)Sandy Schwartz(Director)in
Co-investorsKnoll VenturesMudita VentureQuorum Capital PartnersM25
AfterSchool HQ operates a platform that connects students with after-school programs to help them explore interests and activities.
ConsumerEdTechEnterprise SoftwareMarketplacesSaaSFishers, US
San Pathak(COO & Co-Founder)inDarye Henry(CEO)inDareskedar Henry(Executive Officer, Director, Promoter)
BoardJennifer Carolan(Director)in
Co-investorsBlack Tech Nation VenturesElevate VenturesSixty8 CapitalReach Capital
Amplified Sciences is a clinical-stage diagnostics company that has developed an ultra-sensitive optical reporter platform for multi-omics diagnostic tests, aimed at helping clinicians detect, treat, and monitor difficult diseases.
BiotechHealthtechMedical DevicesWest Lafayette, US
Diana Caldwell(Executive Officer, Director)inVincent Jo Davisson(Executive Officer, Director)
BoardAndrew Cothrel(Director)inWade Lange(Director)Robert Saunders(Director)
Co-investorsBeni Venture CapitalElevate VenturesGravity VenturesHouston Angel NetworkIU VenturesOCA Ventures
M80 is an esports organization that fields competitive teams across titles such as VALORANT, Counter-Strike, and 2XKO, and sells branded merchandise to fans.
E-commerceGamingMedia & EntertainmentSports TechNew York City, US
Grant Zinn(Executive Officer, Director)inWilliam Zinn(Executive Officer)Sharon Zinn(Executive Officer)
Co-investorsElevate VenturesIU VenturesKube VCTechstars
Bloomington, US
Joel Replogle(Executive Officer, Director)inPablo Fuentes(Executive Officer, Director, Promoter)
Co-investorsElevate Ventures
Civic Champs provides web and mobile platforms for nonprofits to automate volunteer management and convert volunteers into donors.
Impact & Social GoodSaaSBloomington, US
Geng Wang(Executive Officer, Director, Promoter)in
Co-investorsElevate VenturesIU VenturesTechstarsInnovation Works
Folia Health is a digital health platform that enables patients and caregivers to track symptoms, treatments, and health outcomes through personalized surveys, generating home-reported outcomes data used by life sciences companies and researchers to understand real-world treatment impacts.
Data & InfrastructureDigital HealthEnterprise SoftwareHealthtechSaaSMassachusetts, US
Nell Meosky Luo(CEO and Chairman)inDan Toffling(Co-Founder & CTO)inRavi Bhatt(Founder)inPaul T. Meosky(Executive Officer, Director)
Co-investorsBantam GroupCorrelation VenturesCrosslink CapitalElevate VenturesIU VenturesJoyance Partners+12 more
Invoke Learning builds InvokeClarity, a data lakehouse for higher education, along with a suite of analytics applications and AI-enhanced dashboards.
AI & Machine LearningData & InfrastructureEdTechSaaSIndianapolis, US
Brendan Aldrich(Executive Officer, Director)Lige Hensley(Executive Officer, Director)
Co-investorsElevate VenturesSandalphon Capital
Laxis provides an AI assistant integrated across Mac, Windows, and Web that captures and analyzes meeting insights, ensuring no idea is lost and every participant's voice is heard.
AI & Machine LearningEnterprise SoftwareFuture of WorkMarketing TechSaaSSales TechSan Francisco, US
Xiangning Liu(Founder)inEric Xiao(Founder & CEO, Laxis Inc.)in
Co-investorsCeltic House Asia PartnersElevate VenturesGround Game VenturesAllos VenturesLofty Ventures
NearWave develops a handheld medical device using frequency domain near infrared spectroscopy (fdNIRS) to non-invasively measure tissue oxygen saturation and hemoglobin concentrations for clinical and research applications.
AI & Machine LearningDeep TechHardwareHealthtechMedical DevicesSaaSAustin, US
Roy Stillwell(Founder)in
Co-investors1842Cancer FundElevate VenturesHealth WildcattersIrishAngelsVentureSouq+1 more
Prediction Guard provides a self-hosted control plane that lets enterprises manage, govern, and deploy AI systems, agents, models, and MCP tools within their own security boundary.
AI & Machine LearningCybersecurityEnterprise SoftwareLafayette, US
Daniel Whitenack(CEO)inAdam Cuzzort(Executive Officer)in
Co-investorsJHH vcK Street CapitalRingbolt CapitalService Provider CapitalWaterstone Impact FundM25
RootNote provides data analytics and insights for content creators and businesses, helping them understand and optimize their content performance.
Creator EconomyData & InfrastructureGamingMarketing TechSaaSNashville, US
Jason Burchard(Chief Executive Officer)inJeremy Burchard(Chief Creative Officer)inChandler Barnes(Chief Technical Officer)in
BoardMyles Grote(Director)in
Co-investorsElevate VenturesHilltop Venture PartnersJohnson Venture PartnersLaunch TennesseeLong Way VenturesPopstar Ventures+3 more
Eye-tracking and human-state platform for clinical and consumer applications.
Co-investorsRender CapitalVersant Ventures
Stagetime is an online platform for the performing arts where artists such as opera singers and musicians build professional profiles with headshots, video, credits, and training.
HR TechMarketplacesMedia & EntertainmentSaaSBloomington, US
Jennie Moser(Executive Officer, Director)in
BoardScott Eisen(Director)
Co-investorsChicago Early Growth Ventures (CEGV)Connetic VenturesElevate VenturesGravity VenturesIU VenturesService Provider Capital+3 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Portfolio news
latest coverage across their companiesPrediction Guard · predictionguard.com · May 13, 2025
Frequently asked questions
- How many investments has Flywheel Fund made?
- Flywheel Fund has 15 tracked investments, including 2 dated in the last 24 months.
- What stage does Flywheel Fund invest at?
- Flywheel Fund invests at the Pre-Seed, Seed, Series A stages.
- What is Flywheel Fund's typical check size?
- Flywheel Fund typically writes checks of $100K – $1.5M.
- What sectors does Flywheel Fund focus on?
- Flywheel Fund focuses on Consumer, EdTech, Enterprise Software, FoodTech, Media & Entertainment, Retail Tech, SaaS, Sector Agnostic.
- Where is Flywheel Fund located?
- Flywheel Fund is headquartered in Bloomington, US.
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