Flywheel Software is a mobile transportation startup founded in 2009 and based in the United States. The company's slogan "Flywheel develops innovative technologies for riders, taxi drivers and taxi companies around the world." encapsulates its core mission. The description of the company's services highlights its focus on providing a convenient, reliable, and cost-effective solution for hailing, tracking, and paying for taxi rides using a smartphone. Flywheel aims to match passengers with experienced drivers, allowing them to tip as they desire and avoid surge pricing during peak times. Notably, Flywheel adopts a unique approach by incorporating entire taxi companies into its network, utilizing existing vehicles to promptly meet demand at any hour. By collaborating with established taxi companies, Flywheel can efficiently scale its supply without enduring prolonged regulatory battles or dealing with the challenges of inexperienced professional drivers. In April 2016, Flywheel secured a $4.07M Venture Round investment from SandHill Angels, showcasing investor confidence in the company's innovative approach to revolutionizing the taxi industry.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $4.07M | 1 | 13 Apr 2016 | |
Series D | Unknown | 1 | 30 Apr 2015 | |
Series C | $12.00M | 3 | 20 Nov 2014 | |
Series B | $14.80M | 4 | 31 Jul 2013 | |
Venture Round | $7.30M | 1 | 01 Apr 2012 |
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