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The Venture Codex

Flywheel Fund

642 N Madison St, Bloomington, IN, 47404, United States

Overview

Flywheel Fund is a member-managed capital fund based in Bloomington, Indiana. From life sciences and medical devices with an emphasis on software and technology, we invest in early stage and high-potential startups.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Yourco

    Participated · Seed · Oct 2023

    Yourco’s core product is a two-way, SMS-based communication platform built for deskless and frontline employees across industries such as manufacturing, construction, transportation and hospitality. In October 2023 the company unveiled Frontline Intelligence, an AI capability that analyzes day-to-day workforce messages to surface sentiment trends, emerging issues and location-specific performance data. The system works in more than 135 languages, requires no app downloads or corporate email accounts, and has already enabled over 10 million frontline employee connections. Thousands of HR professionals, communications leaders and executives rely on the platform for real-time analytics that improve engagement, retention, productivity and safety. By turning everyday texts into actionable insights, Yourco aims to close the visibility gap that has historically plagued deskless teams. The recently raised capital will be used to accelerate product development and meet growing enterprise demand.

  • Laxis

    Participated · Seed · Oct 2023

    Laxis offers an AI assistant tailored to revenue teams, with features that automate customer research, create real-time meeting notes and insights, and auto-generate customer requirements and action items. The platform also provides instantaneous AI chat support to assist revenue-generating workflows. Led by CEO Eric Xiao, the company positions its product to help teams enhance productivity and drive accelerated growth. Laxis intends to use new funding to accelerate product development and expand user acquisition. The company raised a seed round reported in October 2023, indicating early-stage external financing and a focus on scaling the product and go-to-market efforts. No operating metrics were disclosed in the article.

  • Flamel AI

    Participated · Equity · Jan 2023

    Flamel.ai builds an AI-generated content design studio that creates marketing text and original images together using latent diffusion models. The platform can produce social posts for Facebook and Instagram in seconds and is extending to formats like radio ads and TikTok videos. Flamel opened a private beta and has more than 100 brands signed up. The company was founded in 2022 and is headquartered in Cincinnati, Ohio. Leadership says the product will expand access on a rolling basis as they continue development. The recent funding is intended to grow the team and build out the product.

  • SecondSight

    Participated · Seed · Oct 2022

    SecondSight launched out of stealth with the industry’s first AI-driven platform for ‘inside-out’ underwriting, bringing telematics to digital risk. The platform autonomously discovers, classifies and analyzes an organization’s complete landscape of digital assets and assesses thousands of risk factors to calculate dollarized impact. It promises high-resolution visibility into where digital risk lives, delivering results in days versus the industry’s typical weeks. The company says it has a rapidly growing customer roster and will use new funding to accelerate market adoption and impact in the cyber insurance industry. SecondSight’s leadership team includes executives with backgrounds at Allstate, Bridgewater Associates, Cloudera and Informatica. The launch positions the company to connect businesses, carriers and brokers around a shared view of True Digital Risk.

  • Qualifi

    Participated · Seed · Feb 2022

    Qualifi provides an audio-based, on-demand asynchronous phone interview platform that lets recruiters send, share, and track interviews at scale. The product is designed to speed up hiring, mitigate bias, and preserve a human touch while enabling recruiters to interview hundreds of candidates in minutes. The company was founded in 2019 by Darrian Mikell, Devyn Mikell, DeSean Prentice, and Keenan Jaenicke and is based in Indianapolis, IN. Its founding team are alums of the Techstars Anywhere Class of ’21. Qualifi recently raised growth funding and intends to use the proceeds to expand operations and further develop the platform. Qualifi provides an audio-based platform that enables recruiters to phone-screen multiple candidates simultaneously using pre-recorded questions over a standard phone call. Because there’s no need for scheduling or phone tag, recruiters can vet seven times more candidates per day on average. The platform captures rich, actionable data to help recruiters make better, less biased hiring decisions and integrates with more than 30 top Applicant Tracking Systems. Companies across industries — from small businesses to Fortune 500 enterprises in healthcare, call centers, warehouse, logistics, construction and hospitality — used the platform to qualify tens of thousands of candidates in 2021. Led by CEO Darrian Mikell and based in Indianapolis, Qualifi plans to use new funding to add AI, ML and NLP capabilities and to expand go-to-market efforts with additional marketing and sales resources. Founded in 2019 by Darrian Mikell, Qualifi provides a platform that enables recruiters to create one-way interview experiences using audio and voice over standard phone calls. The product is designed to eliminate scheduling, reduce communication times with candidates, and capture data to help recruiters scale screening efforts. The company completed accelerator programs including Be Nimble’s Pitch Pardi and TechStars Anywhere as part of its early growth. Qualifi plans to use recent funding to grow its business through sales and marketing and to further optimize the platform. The team emphasizes phone-based audio responses to streamline early-stage recruiting workflows.

Team

  • Brian Hatton

    Investing Member and Venture Partner

    LinkedIn