What is Iris Plans?
Founded in 2015 and based in Austin, TX, Iris Plans offers a virtual Advance Care Planning (ACP) service designed to assist individuals facing serious medical conditions. The company operates through strategic partnerships with payers and value-based healthcare providers, making its services accessible nationwide. By leveraging technology, Iris Plans aims to streamline the complex process of ACP, ensuring that patients' wishes are documented and respected. The company's focus on integrating with existing healthcare ecosystems positions it as a key player in improving patient care and outcomes.
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 Better Ventures, Activated Venture Partners, and LiveOak 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. The firm supports visionary founders who develop innovative solutions across various sectors, including healthcare, environmental sustainability, and education. Founded in 2011, Better Ventures believes in the power of purpose-driven companies and focuses on companies that align with the UN's Sustainable Development Goals.
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. The firm aims to foster growth and success among its clients.
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. LiveOak is committed to fostering innovation and leadership among its portfolio companies, which span various industries including healthcare, real estate, and technology. Their investment strategy emphasizes collaboration and support to drive growth and success for their founders.
What's next for Iris Plans?
The recent major strategic investment in Iris Plans signals a strong confidence in the company's model and its potential for significant impact within the healthcare industry. This capital infusion is anticipated to accelerate the company's market penetration, enhance its technological capabilities, and potentially expand its service offerings. With a clear focus on value-based care and patient advocacy, Iris Plans is poised to further solidify its role in providing essential advance care planning services, likely exploring new partnerships and refining its platform to meet evolving healthcare demands.
See full Iris Plans company page
