OUR PORTFOLIO
Flamel.ai is an AI-generated marketing and branding content studio.
LEAD INVESTOR: DUNDEE VC
Ziptility provides operations and asset management software for small utility teams with easy-to-use apps that don’t take an army to set up and maintain.
LEAD INVESTOR: BURNT ISLAND VENTURES
Wave Therapeutics has developed an affordable, patent-pending therapeutic technology to help prevent pressure injuries.
Solesca’s utility-scale design and collaboration platform accelerates renewable energy deployment.
rScan’s app simplifies the process of selling returned merchandise online.
Modicus Prime provides intelligent image analysis of biologics by enabling scientists to independently train their own AI to achieve real-time AI classification of any imaging data.
GeoH’s app for scheduling home healthcare services streamlines management and onboarding of caregivers and patients for home care organizations.
HeARsight is building augmented reality glasses that subtitle audio inputs in real time, to enable hearing ability-independent speech comprehension in a variety of settings.
Celadore is the world’s first acoustically optimized and modular cello podium.
Finniva is an online marketplace for large multi-family and commercial real estate developers to source materials directly from the supplier.
Chuqlab enables the processing of thousands of hours of audio and video files so that law enforcement professionals can solve crimes within a matter of minutes.
The Utiliz app for utilities provides insight into pipeline assets to help plan for and predict changes in water infrastructure needs.
Quiptu is a peer-to-peer rental marketplace for outdoor adventure gear.
Elate’s Dynamic Strategic Planning platform helps organizations increase visibility and drive engagement.
SecondSight’s suite of online tools helps businesses minimize digital risk and secure the right cyber insurance coverage.
NearWave makes a non-invasive imaging device for breast cancer detection and monitoring.
LEAD INVESTOR: Y COMBINATOR
Laxis is an AI personal meeting assistant that can analyze conversations, generate meeting memos, and deliver insights.
Qualifi’s HR technology allows recruiters to identify their most qualified candidates seven times faster than traditional methods, while increasing equity and accessibility.
LEAD INVESTOR: RALLY VENTURES
The Bee Corp’s technology helps beekeepers maximize pollination revenue per hive and helps growers reduce cost and optimize pollination quality.
LEAD INVESTOR: IU VENTURES
Invoke Learning provides an advanced-analytics solution for higher education that positively impacts the full student journey – enrollment, retention, engagement, and DEI – all leading to better student success.
Folia’s digital platform and collaboration tools improve workplace productivity while reducing environmental and economic costs.
LEAD INVESTOR: IU VENTURES
Stagetime is a professional community for members of the performing arts industry to network, advance their careers, and build enduring relatonships.
LEAD INVESTOR: HYDE PARK ANGELS
FloWaste’s food analytics platform empowers restaurants, food service, and food producers to optimize food usage and reduce waste and costs.
LEAD INVESTOR: ROCKSTART
Civic Champs is the most intuitive and impactful solution for volunteer management and engagement.
LEAD INVESTOR: TECHSTARS
All In’s technology enables and empowers coaches to lay a foundation for winning programs.
LEAD INVESTOR: SKYPOINT
Blueprint Stats unlocks the full potential of basketball game film for athlete development and evaluation, team strategy, and entertainment.
LEAD INVESTOR: IU VENTURES
The Boost app helps students manage and meet assignment deadlines, resulting in higher grades and on-time graduation.
LEAD INVESTOR: GWU LABS
A Techstars company, Beastcoast is an industry-leading esports and professional gaming content network.
LEAD INVESTOR: ELEVATE VENTURES
Where Our Capital Is Invested
percentage of total dollars
- female founding teams 31%
- BIPOC founding teams 31%
- Black founding teams 16%
- FEMALE OR BIPOC Founding teams 63%
- Indiana companies 100%
The Mill Awarded $400,000 EDA Grant
The grant will allow The Mill to grow Flywheel Fund to the private fund legal limit of 99 members and to establish Turbine Fund for seasoned investors to make bigger investments. Both funds will invest in Indiana-based startups, with special attention to creating equitable access to capital for women and diverse founders.
Flywheel Backs Blueprint Stats
Less than 1% of the basketball world uses breakdowns, due to the cost and difficulty of accessing the technology. Blueprint Stats attacks that problem head on at a time when both sides of the market are looking for player insights. Recruiting budgets are being cut, and athletes want to stand out to scouts to make the most of new NIL opportunities.
ProBook Sports Receives $50,000 Investment
ProBook Sports provides an end-to-end platform for coaches to engage with their team members in aspects ranging from video and analytics to nutrition and calendar management. In a market where the dominant player is focused on providing video to very large professional organizations, ProBook is poised to fill a gap with the thousands of other teams.
Flywheel Invests in Esports Startup
Anderson, a graduate of the Indiana University Kelley School of Business, developed the model for Beastcoast while working in finance. His work doing due diligence on the esports industry uncovered an opportunity to move away from the traditional model for physical sports, in which media rights, box office, merchandising and sponsorships drive revenue, to an integrated model that monetizes the content itself.
Flywheel Sees Rapid Expansion
The first cohort of 11 members planned to make four investments of $25,000 in a year. By January 2021, the fund had exceeded expectations, investing $120,000 across five companies in less than six months. The second cohort has quadrupled membership to 50 investors and grown the investment fund to $640,000—an increase of over 500%.
FIve Startups Win Funding
The five companies who received investment are: Stagetime, an online professional network for the performing arts; Civic Champs, an app for nonprofits that automates volunteer management; Boost, an app that helps students manage and meet assignment deadlines; Qualifi, whose technology allows HR professionals to conduct very high volumes of phone interviews quickly; and Flowaste, whose data analytics provide actionable insights on food waste.
“Flywheel Fund has been a great partner for FloWaste. Working with Pat and Brian has been a huge asset, and having great midwestern syndicate members broadens our network and creates new opportunities.”
Rian Mc Donnell
CEO / FloWaste
“We are excited to have the Flywheel Fund invest into the ProBook family. Flywheel did not just invest in us, but provided two amazing mentors from the organized sports space.”
Andre Harakas
Founder & ceo / all in team sports hub
“It’s fantastic to see the impact that Pat, Brian, and team are having in our local startup community. [Flywheel has] become one of the strongest match-makers (for investors, founders, and tech enthusiasts) in the state.”