About Iris Nova
Iris Nova is a company based in Brooklyn (United States) founded in 2015 by Zak Normandin. It operates as a B2B. Iris Nova has raised $17.4 million across 2 funding rounds from investors including Coca-Cola, Cassius Ventures and Alex Rodriguez. Iris Nova operates in a competitive market with competitors including Zbooni, nate, Mezi, Humankind and Niki, among others.
- Headquarter Brooklyn, United States
- Founders Zak Normandin
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Sectors
Retail
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Phone
*********
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Website
*********
- Legal Name Iris Nova Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.4 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Seed
Dec 21, 2018
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Investors
Coca-Cola
& 11 more
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Employee Count
Employee Count
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Funding Insights of Iris Nova
Iris Nova has successfully raised a total of $17.4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $15 million completed in December 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $15.0M
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First Round
First Round
(01 Apr 2017)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Seed - Iris Nova | Valuation | Coca-Cola | |
| Apr, 2017 | Amount | Seed - Iris Nova | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Iris Nova
Iris Nova has secured backing from 12 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Coca-Cola, Cassius Ventures and Alex Rodriguez. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location | |
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Retail and technology startups are funded by Imaginary venture capital.
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Founded Year | Domain | Location | |
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Investing in creators, organizing AI events, and building community in New York.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Iris Nova
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Iris Nova
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iris Nova Comparisons
Competitors of Iris Nova
Iris Nova operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zbooni, nate, Mezi, Humankind and Niki, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile app to sell on social media platform
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| domain | founded_year | HQ Location |
Multi-category products are retailed via a mobile app platform.
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| domain | founded_year | HQ Location |
Text based personal shopping assistant and concierge app
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| domain | founded_year | HQ Location |
Personalized product experts are provided for E-Commerce brands via SMS.
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| domain | founded_year | HQ Location |
Offers an AI-based automated order-taking app for concierge services.
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| domain | founded_year | HQ Location |
AI-based software tool to buy and sell on social media
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iris Nova
Frequently Asked Questions about Iris Nova
When was Iris Nova founded?
Iris Nova was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Iris Nova located?
Iris Nova is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Who is the current CEO of Iris Nova?
Zak Normandin is the current CEO of Iris Nova. They have also founded this company.
Is Iris Nova a funded company?
Iris Nova is a funded company, having raised a total of $17.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Apr 01, 2017.
What does Iris Nova do?
Iris Nova operates with a B2B model, focusing on leveraging cutting-edge technology, software and it, saas solutions, and e-commerce tools. Delivers SaaS-based software for text-enabled shopping experiences. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Who are the top competitors of Iris Nova?
Who are Iris Nova's investors?
Iris Nova has 12 investors. Key investors include Coca-Cola, Cassius Ventures, Alex Rodriguez, Greycroft, and Imaginary Ventures.
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