Iris Finance, a Chicago-based AI-driven financial planning and analysis platform tailored for companies dealing in physical products, has successfully raised $6.2 million in a seed funding round. The investment was spearheaded by Glasswing Ventures, with additional contributions from Founder Collective, Hyde Park Angels, and existing backers such as Revolution’s Rise of the Rest Seed Fund, Barrel Ventures, and Rosecliff Ventures. The capital injection is set to bolster Iris Finance’s market expansion, enhance its product offerings, and expand its team. Established in 2024 by Drew Fallon, Alexander Heckmann, and Marko Iwanik, Iris Finance offers a CFO platform designed for inventory-focused companies, providing tools for real-time margin tracking, automated forecasting, and detailed cohort insights. The platform, Iris DB, seamlessly integrates sales, marketing, accounting, and supply chain data, empowering businesses to manage profits, cash flow, and growth with precision.
Has Iris Finance Raised $6.2 Million in Seed Funding?
