What is Iris Plans?
Founded in 2015 and based in Austin, TX, Iris Plans offers a virtual Advance Care Planning (ACP) service nationwide. The company partners with payers and value-based healthcare providers to deliver essential ACP services to individuals facing serious medical conditions. By leveraging technology, Iris Plans aims to streamline and enhance the accessibility of crucial end-of-life care discussions, positioning itself as a key player in the evolving landscape of patient-centered healthcare solutions.
How much funding has Iris Plans raised?
Iris Plans has raised a total of $6.8M across 4 funding rounds:
Angel/Seed
$750K
Other Financing Round
$850K
Angel/Seed
$5.1M
Debt
$150K
Angel/Seed (2016): $750K with participation from Better Ventures
Other Financing Round (2016): $850K led by Better Ventures and Green D Ventures
Angel/Seed (2017): $5.1M supported by LiveOak Venture Partners, Better Ventures, and Activated Venture Partners
Debt (2020): $150K featuring PPP
Key Investors in Iris Plans
Better Ventures
Better Ventures is a mission-driven venture capital firm that invests in early-stage startups focusing on leveraging science and technology to create a sustainable economy that benefits people and the planet. Their investment themes include sustainable industry, improving human health, and equipping tomorrow's workforce, all aimed at addressing significant global challenges.
LiveOak Venture Partners
LiveOak is a venture capital firm that invests early in exceptional Texas-based founders, focusing on tech and tech-enabled service companies. They partner with ambitious entrepreneurs from Pre-seed to Series B, actively engaging throughout the business lifecycle to help build enduring companies in Texas.
Activated Venture Partners
Active Venture Partners is a new generation venture capital firm focused on making a lasting impact in the industry. They invest in passionate entrepreneurs who are driven to make a difference. Their portfolio includes various exited companies, showcasing their commitment to supporting innovative ventures.
What's next for Iris Plans?
The recent major strategic investment in Iris Plans signals a pivotal moment for the company, likely enabling expansion of its service offerings, enhancement of its technology platform, and broader market penetration. This capital infusion is expected to fuel further growth and solidify its position as a leader in virtual ACP services. The company's focus on partnerships with healthcare providers and payers suggests a strategy geared towards integrating its services deeply within existing healthcare ecosystems, driving adoption and impact.
See full Iris Plans company page
