On November 20, 2024, Flywheel Dynamix (Flywl), a buyer-centric cloud marketplace designed to simplify software acquisition for buyers and help sellers grow revenue faster, announced a successful raise of $7 million in Seed funding. Storm Ventures, Foster Ventures, BeeNex, FeBe, and Teknos Ventures led the round. After operating in stealth mode since August 2024, Flywl will officially launch the first buyer module for its marketplace platform in the first week of December 2024. With its new capital, Flywl will accelerate the product development of its Meta Marketplace Platform, expand its R&D team, and roll out the platform to initial customers.

Wilson Sonsini Goodrich & Rosati represented Flywheel Dynamix in the transaction. The Wilson Sonsini team includes attorneys Yokum Taku, Avi Emanuel, and Andrii Onysko, as well as paralegal Stephanie Yasay.

For more information, please see the press release.