Thursday, June 7, 2012

Flywheel Makes Four Investments In First Half Of Year

New Mexico-based venture investor Flywheel Ventures appears to be having quite an active first half, telling its supporters today in an email that it has made investments in four new portfolio companies so far in the first half of 2012. Flywheel said it invested in Missoula, Montana-based TerraEchos, Denver-based Digabit, Cleveland-based eFuneral, and another, stealthy (and un-named) digital media software firm in Albuquerque. Digabit is developing secure, web-based content management systems for equipment manufacturers, and eFuneral provides digital marketing and distribution for funeral services. Flywheel said the fourth, New Mexico firm is set to announce its funding in a few weeks.