Flywheel Ventures

Flywheel Ventures is a venture capital firm established in 1999 and headquartered in Santa Fe, New Mexico, with additional offices in Albuquerque and San Francisco. The firm specializes in seed and early-stage investments, primarily focusing on information technology services and physical sciences, including sectors such as software, semiconductors, networking, and clean technology. Flywheel Ventures targets companies located in the Midwest and Southwestern regions of the United States, particularly New Mexico, Colorado, and Arizona, while also considering opportunities in California. The firm aims to address critical global challenges through its investments and typically provides initial funding between $0.05 million and $1 million, maintaining a preference for follow-on funding at a 3:1 ratio or greater. Flywheel Ventures seeks to play a lead role in its investments, often taking board seats and collaborating with other firms to secure additional financing for its portfolio companies. The firm's mission is to foster the development of a world-class technology ecosystem in the Southwest and Rockies region.

Clyde Neu Ph.D

Venture Partner

Past deals in New Mexico

Cinnafilm

Venture Round in 2012
Cinnafilm, Inc. is a company based in Albuquerque, New Mexico, specializing in video optimization solutions for the television, film, and multimedia delivery industries. Founded in 2007, Cinnafilm develops patented, file-based software that leverages the computing power of modern graphics cards to enhance image processing. Their product offerings include Dark Energy Professional, Dark Energy Tachyon, Xenon, and Skywalker sound tools, which address complex challenges such as restoration and bitrate optimization of classic films, noise removal, and texture-matching for digital content. Cinnafilm's solutions facilitate automatic transcode workflows that produce real-time, optimized files for contemporary distribution models. The company serves clients globally, with a strong presence in North America, South America, Europe, and Asia, and has established strategic partnerships with prominent industry players.

MIOX

Series C in 2008
MIOX Corporation specializes in designing and manufacturing on-site generators for water disinfection. Founded in 1994 and based in Albuquerque, New Mexico, the company provides a range of products, including mixed oxidant solutions and mobile chemical-free disinfection systems. MIOX's technologies are utilized in various applications such as potable water treatment, wastewater management for municipalities and industries, cooling towers, and food and beverage processing. Their solutions also address legionella prevention in settings like hotels, universities, and hospitals. MIOX operates as a subsidiary of Industrie De Nora S.p.A., focusing on sustainable treatment technologies that enhance water quality and safety across multiple sectors.

Comet Solutions

Series A in 2007
Comet Solutions, Inc. specializes in developing engineering simulation applications aimed at enhancing the automation of modeling and simulation tasks in product development. Founded in 2001 and headquartered in Cincinnati, Ohio, the company offers a range of software solutions, including SimApps and Gearbox SimApps, which allow manufacturers to conduct "what if?" analyses, assess design modifications, and optimize performance across various domains such as acoustics, dynamics, durability, and cost management. These applications facilitate collaboration among design and engineering teams by enabling non-experts to perform simulations and adhere to best practices. Additionally, Comet Solutions provides a process automation platform for computer-aided engineering (CAE), simulation templates, and consulting services. Its products cater to diverse industries, including space systems, consumer products, electronics, and automotive applications. Comet Solutions also maintains offices in Albuquerque, New Mexico; Troy, Michigan; Shanghai, China; and India.

Comet Solutions

Series A in 2006
Comet Solutions, Inc. specializes in developing engineering simulation applications aimed at enhancing the automation of modeling and simulation tasks in product development. Founded in 2001 and headquartered in Cincinnati, Ohio, the company offers a range of software solutions, including SimApps and Gearbox SimApps, which allow manufacturers to conduct "what if?" analyses, assess design modifications, and optimize performance across various domains such as acoustics, dynamics, durability, and cost management. These applications facilitate collaboration among design and engineering teams by enabling non-experts to perform simulations and adhere to best practices. Additionally, Comet Solutions provides a process automation platform for computer-aided engineering (CAE), simulation templates, and consulting services. Its products cater to diverse industries, including space systems, consumer products, electronics, and automotive applications. Comet Solutions also maintains offices in Albuquerque, New Mexico; Troy, Michigan; Shanghai, China; and India.
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