About Iris Telehealth
Iris Telehealth is a company based in Austin (United States) founded in 2013.. Iris Telehealth has raised $40 million across 1 funding round from investors including Columbia Pacific Advisors and CHP Merger Corp. The company has 412 employees as of December 31, 2023. Iris Telehealth has completed 1 acquisition, including innovaTel. Iris Telehealth offers products and services including Virtual Clinic, On-Demand Services, Iris Insights, and Scheduled Services. Iris Telehealth operates in a competitive market with competitors including SonderMind, AbleTo, Talkspace, Brightside Health and Cerebral, among others.
- Headquarter Austin, United States
- Employees 412 as on 31 Dec, 2023
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Iris Telehealth, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 M (USD)
in 1 rounds
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Latest Funding Round
$40 M (USD), Series B
Apr 14, 2022
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Investors
Columbia Pacific Advisors
& 1 more
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Employee Count
412
as on Dec 31, 2023
- Investments & Acquisitions
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Products & Services of Iris Telehealth
Iris Telehealth offers a comprehensive portfolio of products and services, including Virtual Clinic, On-Demand Services, Iris Insights, and Scheduled Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers comprehensive behavioral health care via virtual integration.
Provides 24/7 psychiatry support to reduce wait times and outcomes.
Optimizes clinical and operational strategies for behavioral health.
Matches providers to organizational needs for ongoing care.
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Funding Insights of Iris Telehealth
Iris Telehealth has successfully raised a total of $40M through 1 strategic funding round. The most recent funding activity was a Series B round of $40 million completed in April 2022. 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 1
- Last Round Series B — $40.0M
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First Round
First Round
(14 Apr 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series B - Iris Telehealth | Valuation | Concord Health Partners , Columbia Pacific Advisors |
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| 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 Telehealth
Iris Telehealth has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Columbia Pacific Advisors and CHP Merger Corp. 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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Invests in healthcare IT and services to advance patient care and efficiency.
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Founded Year | Domain | Location | |
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Diversified investment management services are provided across multiple sectors.
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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 Telehealth
Iris Telehealth has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include innovaTel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Telepsychiatry services to outpatient settings
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Iris Telehealth
| 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 Telehealth Comparisons
Competitors of Iris Telehealth
Iris Telehealth 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 SonderMind, AbleTo, Talkspace, Brightside Health and Cerebral, 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 |
Virtual telehealth services are provided to individuals and providers.
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| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
Online counseling and therapies for mental health conditions are provided.
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| domain | founded_year | HQ Location |
Virtual therapy and treatment for mental health conditions are offered.
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| domain | founded_year | HQ Location |
Provider of online counseling services for mental health conditions
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| domain | founded_year | HQ Location |
Telehealth bookings for mental health consultations are facilitated online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Telehealth
Frequently Asked Questions about Iris Telehealth
When was Iris Telehealth founded?
Iris Telehealth was founded in 2013 and raised its 1st funding round 9 years after it was founded.
Where is Iris Telehealth located?
Iris Telehealth is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Iris Telehealth?
Andrew Flanagan is the current CEO of Iris Telehealth.
Is Iris Telehealth a funded company?
Iris Telehealth is a funded company, having raised a total of $40M across 1 funding round to date. The company's 1st funding round was a Series B of $40M, raised on Apr 14, 2022.
How many employees does Iris Telehealth have?
As of Dec 31, 2023, the latest employee count at Iris Telehealth is 412.
What does Iris Telehealth do?
Provider of telehealth behavioral health services to healthcare organizations. It offers virtual clinic services, on-demand psychiatry support, and scheduled services connecting behavioral health providers with healthcare organizations needs. Services are designed to improve access to care, reduce wait times, and optimize patient outcomes. The company provides support for various healthcare settings, including hospitals, community mental health centers, and community health centers.
Who are the top competitors of Iris Telehealth?
Iris Telehealth's top competitors include Brightside Health, Talkspace and Cerebral.
What products or services does Iris Telehealth offer?
Iris Telehealth offers Virtual Clinic, On-Demand Services, Iris Insights, and Scheduled Services.
How many acquisitions has Iris Telehealth made?
Iris Telehealth has made 1 acquisition, including innovaTel.
Who are Iris Telehealth's investors?
Iris Telehealth has 2 investors. Key investors include Columbia Pacific Advisors, and CHP Merger Corp.