# Flywheel Fund

Flywheel Fund is a Private Equity based in Bloomington, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Bloomington, United States
- **Region:** North America
- **Address:** Bloomington, IN, United States
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** flywheelfund.vc
- **LinkedIn:** https://www.linkedin.com/company/flywheel-fund

## About

Flywheel Fund is an SEC-registered investment adviser, established in Bloomington, IN, since 2025. It is registered with the SEC.

## Sectors

- Enterprise Software
- AI/ML
- Consumer Internet
- Marketplaces

## People

- Peter L. O'Connor — Managing Partner
- Andrew Parmentier — Partner

## Questions

### What is Flywheel Fund's investment model?

Flywheel operates a recurring annual fund model rather than a single large closed-end vehicle. Each year the firm raises roughly $1–3 million from a group of operator investors and angels who also contribute deal-flow access and diligence expertise (per the firm's official communications, 2024). The pooled capital is then deployed into a small number of pre-seed and seed-stage software companies, with returns recycled according to member preferences—creating a rolling, multi-vintage portfolio.

### What geographies and sectors does Flywheel Fund target?

Flywheel concentrates on the lower Midwest, with primary coverage in Indiana, Ohio, Illinois, and Michigan. The firm favors enterprise SaaS, applied AI and machine learning, consumer internet, and marketplace businesses. Its geographic anchor near Indiana University gives it a specific edge in surfacing technically grounded startups emerging from the Great Lakes' university ecosystem.

### How does Flywheel Fund source its deal flow?

Much of the firm's pipeline comes through its member-investor network and its proximity to Indiana University's entrepreneurial and research community. The annual fund structure means the LP base—mostly operators and domain experts—actively refers founders. This network-driven, university-adjacent sourcing model is Flywheel's primary differentiator relative to funds that rely on inbound founder applications or conference circuits.

## Related profiles

- [Fly Ventures](https://altss.com/profile/fly-ventures)
- [Flywheel Partners](https://altss.com/profile/flywheel-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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