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Announcement Funding Announcement

We Raised A$2.41M to Build the Financial Layer Behind Your Ad Spend

We raised A$2.41M, led by TEN13, to close the gap between paying for ads and getting paid back. Clarity on spend, control of the money, capital that scales.

Reuben Scheckter · · 2 min read

We Raised A$2.41M to Build the Financial Layer Behind Your Ad Spend

If you grow on ads, you carry one problem above all others. You pay for the ads today. Your customers pay you back weeks or months later, and the better your ads work, the wider that gap gets.

We started Flyweel to close it. Today we’re sharing what comes next.

The Round

The round was led by TEN13, with participation from Antler, QIC and fintech leaders like Klarna CTO Koen Köppen (Mollie), Larry Diamond (Zip/Eldium), and Matt Leibowitz (Stake). People who built payments and lending at scale, now backing what we’re building.

Read the coverage in Startup Daily.

The Problem

Most businesses that grow on ads run their money across tools that don’t talk to each other. Spend sits in the ad platforms, revenue in the CRM, invoices in accounting. Nobody sees the whole picture in time to act, so you guess. You hold back a campaign that’s working, or wait on money you’ve already earned.

Banks don’t help. They see “marketing expense” and stop reading. We can read it, because we sit on the data: what you spend, what it returns, and what comes back as revenue.

What Flyweel Does

We run the money behind your ads, not the creative. Three things:

Clarity. See what your spend actually returns, in one place, without the spreadsheet work.

Control. Move and cap the money in real time, instead of finding out next month.

Capital. Back the campaigns already working, with repayment timed to when your revenue lands.

So far, businesses have run more than $100M in ad spend through Flyweel. Close to a thousand use it today.

What’s Next

This round builds the next layer. Capital first, so a winning campaign isn’t capped by this week’s bank balance. Cards next, so you control every dollar as it moves. We’re also setting up in the US, where the pull has been strongest.

We’re heads down building. If you grow on ads and feel this gap, we’d like to talk. Thanks to everyone who backed us.

Read the founder’s note from our CEO on LinkedIn.

Reuben Scheckter, Chief Executive Officer at Flyweel

Written by

Reuben Scheckter

Chief Executive Officer

Reuben is the founder and CEO of Flyweel, where he is building the operating system for ad spend, connecting what lead-gen businesses spend on ads to the revenue it actually produces. He writes Flyweel's CPL and CAC benchmark research and works directly with performance teams scaling paid acquisition without spreadsheet chaos.

Performance Marketing SpendOps Ad Reconciliation Lead Generation Customer Acquisition Cost Cost Per Lead Benchmarking Paid Media Strategy Ad Spend Attribution