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Flywheel Nets $4M

OMAHA, NE, Flywheel has raised $4 million in Series A funding led by Five Elms Capital.
According to TechCrunch, wordPress hosting and management service Flywheel, which focuses on designers and creative agencies, today announced it has raised a $4 million Series A round led by Kansas City's Five Elms Capital. This round comes about a year and a half after the Omaha, Nebraska-based company raised a $1.2 million seed round led by Linseed Capital.

Flywheel says it currently has about 40,000 agencies, freelancers and creatives on its platform. The company's pricing plans start at $15 per month.

Now that Flywheel has a stable and popular platform, the company is looking at how it can provide additional value to its users (and differentiate its service from competitors). The company recently introduced its 'Organizations' feature, for example, which offers real-time project visibility in a Twitter-like feed, and team management tools.
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