/Investor DB

Flywheel Fund

Venture capitalActively deploying

Bloomington · Pre-Seed–Seed · 4 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.

Stage
Pre-Seed–Seed
Check
$100K – $1.5M
HQ
Bloomington, Indiana, US
Instruments
Equity
Founded
2020
Last 12 months
1 investment
Tracked investments
15

Team · 4 people

from the firm's website & public directories

What they invest in

from 12 of 15 portfolio companies

SaaS ×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 path

By year:2026 · 12025 · 12024 · 12023 · 32022 · 42021 · 12018 · 112 dated

Aerovyaerovy.cominOct 2023

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 HQafterschoolhq.cominJun 2023 · $3M

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 Sciencesamplifiedsciences.comin𝕏

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

Beastcoastbeastcoast.ggin𝕏

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

Bloom SpatialinFeb 2026

Bloomington, US

Joel Replogle(Executive Officer, Director)inPablo Fuentes(Executive Officer, Director, Promoter)

Co-investorsElevate Ventures

Civic Champscivicchamps.comin𝕏Jun 2022

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 Healthfoliahealth.comin𝕏May 2022

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(Founder)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 Learninginvokelearning.comin𝕏Dec 2018

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

Laxislaxis.cominOct 2023 · $1.5M

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

NearWavenearwave.coin𝕏Seed

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 Guardpredictionguard.comin𝕏Mar 2025

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

RootNoterootnote.coin𝕏May 2024

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

Second Sightsecondsight.appOct 2022 · $3M

Eye-tracking and human-state platform for clinical and consumer applications.

Co-investorsRender CapitalVersant Ventures

Stagetimestagetime.cominSep 2021

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.

Second Sight Data Discovery

Portfolio news

latest coverage across their companies

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 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.

Images

Flywheel Fund photo

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