Flywheel Fund is a member-managed, early-stage venture capital fund based in Bloomington, Indiana, run by The Mill (Bloomington's nonprofit center for entrepreneurship). It invests founder-friendly capital in high-growth, Indiana-based technology startups across sectors including EdTech, AI/ML, HR Tech, SaaS, and HealthTech.
37% of their portfolio is in SaaS. Their most common stage is seed (42% of deals). Average disclosed round size is $5.4M (across 18 rounds with reported amounts).
Portfolio
17
Fund Size
—
Top Stage
Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Yourco | Seed | $2M | Oct 2023 |
 Laxis | Seed | $1.5M | Oct 2023 |
 AfterSchool HQ | Seed | $3M | Jun 2023 |
| AAfterschool | Seed | $3M | Jun 2023 |
 Elate | Series A | $4.9M | Mar 2023 |
 Flamel.ai | Pre-Seed | — | Jan 2023 |
| SSecondSight | Seed | $3M | Oct 2022 |
 Civic Champs | Seed | $615K | Jun 2022 |
 Submittable | Series C | $47M | Jun 2022 |
 Invoke Learning | Unknown | $50K | Dec 2021 |
| DDigabit | Series B | $9M | May 2015 |
 TrackVia | Series B | $7.1M | Sep 2012 |
| TTribogenics | Series A | $6.2M | Sep 2012 |
 Filtrbox | Unknown | $1.4M | Jan 2009 |
| Submittable | Seed | $450K | — |
 Aerovy | Pre-Seed | $800K | — |
 Folia | Seed | $2M | — |
 RootNote | Pre-Seed | $1.5M | — |
| DDigabit | Series A | $3M | — |
Top Co-Investors
Elevate Ventures10 shared
Techstars3 shared
M252 shared
True Ventures2 shared
Sixty8 Capital2 shared
Reach Capital2 shared
QuestMark Partners2 shared
Altos Ventures Management, Inc.1 shared
Wave Capital1 shared
Sierra Ventures1 shared
Capital Midwest Fund1 shared
Pritzker Group Venture Capital1 shared
HPA1 shared
Allen & Company LLC1 shared
Longworth Venture Partners1 shared
Draper Associates1 shared
Access Venture Partners1 shared
7wire Ventures1 shared
StepStone Group1 shared
Next Frontier Capital1 shared
Last updated: 9 September 2026