Iris Finance, a Chicago, IL-based AI-native financial planning and analysis (FP&A) platform purpose-built for companies that sell physical products, has raised $6.2 million in seed funding.
Investors
The round was led by Glasswing Ventures, with participation from Founder Collective, Hyde Park Angels, and existing investors Revolution’s Rise of the Rest Seed Fund, Barrel Ventures, and Rosecliff Ventures.
Glasswing Ventures is a first-capital-in venture capital firm dedicated to investing in startups applying AI and frontier technologies to enterprise and cybersecurity markets. The firm was founded by visionary partners with decades of experience, a disciplined investment approach, and a strong track record of industry-leading returns. Glasswing leverages its deep domain expertise and world-class advisory councils to back exceptional founders who transform markets and revolutionize industries.
Iris Finance Use of Funds
The funding will be used to accelerate go-to-market expansion, enhance product features, and grow the team.
About Iris Finance
Founded in 2024 by Drew Fallon, Alexander Heckmann, and Marko Iwanik, Iris Finance is an AI-native CFO platform for inventoried companies, offering real-time margin tracking, automated forecasting, benchmarking, and cohort insights. Built specifically for businesses that sell physical products, Iris empowers brands to manage profits, cash flow, and growth with precision through its AI-native platform and proprietary CPG-focused database. The company’s proprietary platform, Iris DB, automatically ingests sales, marketing, accounting, and supply chain data from a variety of sources.
Funding Details
Company: Iris Finance
Raised: $6.2M
Round: Seed
Funding Date: September 2025
Lead Investor: Glasswing Ventures
Additional Investors: Founder Collective, Hyde Park Angels (HPA), Revolution’s Rise of the Rest Seed Fund, Barrel Ventures, Rosecliff Ventures
Company Website: https://www.irisfinance.co/
Software Category: Financial Planning & Analysis (FP&A) / AI Finance Software
Source: Michael Ingalls, SVP, Media Relations, PenVine for Glasswing Ventures