Iris Finance is a technology company.
Iris Finance has raised $6.0M across 1 funding round.
Iris Finance has raised $6.0M in total across 1 funding round.
Iris Finance has raised $6.0M in total across 1 funding round.
Iris Finance's investors include Glasswing Ventures, Thomas Wisniewski.
Iris Finance is an AI-powered financial planning and analysis (FP&A) platform designed specifically for consumer packaged goods (CPG) brands, particularly those in beauty, wellness, and inventoried businesses. It provides real-time profit-and-loss (P&L) visibility, automated forecasting, budgeting, margin tracking, cash flow predictions, benchmarking, and inventory planning through its proprietary Iris DB database and AI agent "Fin."[1][2][3][4] Serving founders, CPG leaders, and finance teams, Iris solves cash flow uncertainty, profit volatility, and data latency issues by integrating with sources like Shopify, Amazon, NetSuite, payroll, 3PLs, TikTok, and Google Ads—delivering insights in minutes rather than months at an average $4,000 monthly fee.[1][2][3] With 130 customers (70% in beauty/wellness, e.g., Jolie, PrettyBoy, Jones Road), the company founded in 2024 has shown explosive growth: 550% from September 2024 to 2025, surpassing $1.5M in revenue by June 2025, achieving breakeven, and raising $6.2M in seed funding from Glasswing Ventures, Founder Collective, and Hyde Park Angels.[2][3][4]
Iris Finance was founded in mid-2024 by CEO Drew Fallon (former COO and co-founder of tattoo aftercare brand Mad Rabbit), COO Alexander Heckmann (three-time founder; his cybersecurity firm Clean.io was acquired by Human Security), and CTO Marko Iwanik (ex-product at redaction software company Milyli).[2][3][4] The idea emerged from the founders' direct experience with CPG challenges like fragmented data across products, channels, and margins, which complicated real-time profitability and planning—issues Fallon encountered at Mad Rabbit and Heckmann in prior ventures.[2][4] Early traction was rapid: launching with a proprietary database, Iris onboarded hundreds of brands, hit millions in ARR, grew 550% in under a year, crossed $1.5M revenue by mid-2025, and reached breakeven before seed funding, now with 16 employees planning expansion in customer success and engineering.[2][4]
Iris stands out in FP&A for CPG through vertical-specific AI infrastructure and seamless execution:
Iris rides the AI-native fintech wave tailored to CPG's physical-product realities, where end-of-month closes create decision latency amid volatile supply chains, e-commerce shifts, and ad-driven sales.[3][4] Timing is ideal post-2024 AI boom, as CPG brands (especially DTC beauty/wellness) face scaling pains from fragmented data across Shopify/Amazon/TikTok—market forces like rising 3PL costs and margin pressures favor Iris's real-time tools.[2][3] It influences the ecosystem by pioneering "AI CFOs" for non-enterprise firms, enabling smaller brands (e.g., Jolie) to benchmark against peers, optimize S&OP, and compete with giants—potentially standardizing vertical AI databases beyond CPG.[2][4]
Iris Finance is poised to dominate AI FP&A for CPG, leveraging its seed capital for product innovation (e.g., deeper AI agents, expanded benchmarking) and GTM to capture more of the $100B+ CPG market amid AI automation trends.[3][4] Expect team growth to 30+ by 2026, ARR doubling via enterprise features, and potential Series A as beauty/wellness DTC surges—watch for integrations with emerging ad platforms or sustainability metrics shaping profitability.[2] As the go-to "strategic financial partner" for inventoried brands, Iris could redefine FP&A, turning data chaos into scalable growth engines.[1][2]
Iris Finance has raised $6.0M across 1 funding round. Most recently, it raised $6.0M Seed in September 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2025 | $6.0M Seed | Glasswing Ventures, Thomas Wisniewski |