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Capital Argonautic Venture Beringea 8VC

Flywheel Series B Round Reaches ~$15 Million

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What to know about the Flywheel Series B funding round:

  • Flywheel, the data-management company based in Minneapolis, announced an “approximately” $15 million Series B funding round
  • The round was co-led by two venture capital firms
    • Beringea — a firm based in Farmington Hills, Michigan, and London investing in the United States and United Kingdom
    • 8VC — a San Fransisco-based firm investing in new technology platforms
  • Additional funding was provided by Novartis dRx Capital, Hewlett Packard Enterprise (HPE), Great North Labs, iSelect and Argonautic Ventures
  • Flywheel expects additional partner funding to be finalized in the next 60 days

The Quote: Jim Olson, CEO of Flywheel

“We are incredibly excited by the opportunities ahead for Flywheel as we enable healthcare and research organizations to accelerate innovation in imaging research, machine learning and clinical trials. This new round of funding will allow us to more quickly scale and grow our business to help more organizations improve scientific collaboration and accelerate discoveries that will change the way healthcare is delivered.”

For more information about the Flywheel Series B round, you can read the company’s full blog post.
Alex Skjong
Alex Skjong
Alex oversees the content produced for BETA, Twin Cities Startup Week, and tech.mn. When he’s not writing or editing, there’s a good chance he’s enjoying a refreshing brew and explaining the merits of heavy metal (of which there are many).

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