“Flywheel’s platform changes the way that WordPress designers do business,” said Thomas Kershisnik of Five Elms Capital, in a press release. “They have the leadership, culture, and resources to continue building invaluable tools for their customers; we are thrilled to partner with them.”
According to the release, Flywheel will use the funding for continued product development.
Flywheel was founded in 2012 by Dusty Davidson, Tony Noecker and Rick Knudtson. The company offers WordPress hosting and management centered around designers and creative agencies. They currently serve over 40,000 agencies, freelancers, and creatives.
“From day one, the Five Elms team understood Flywheel, our unique position in the market, and the opportunities it creates,” said Davidson, in a press release. “We dream and scheme in similar ways and generally just think they’re awesome to work with.”
Flywheel previously raised a $1.2 million seed round in 2014 led by Linseed Capital. The company was also the winner of “Startup of the Year” and “Best Culture” at the 2015 Silicon Prairie Awards. Last November Silicon Prairie News interviewed Davidson on the secret to their company culture.
Note: Dusty Davidson is the co-founder of Silicon Prairie News, which was acquired by AIM in 2015.