About IRIS
IRIS is a venture capital firm founded in 1986. It is primarily based out of Paris, France. As of Aug 2026, IRIS is an active investor, having invested in 168 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in France based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Seed round of Healf Overall, IRIS portfolio has seen 5 unicorns, 5 IPOs and 68 acquisitions including key companies like Zeta Global, Careem and LumApps. A lot of funds co-invest with IRIS, with names like Capnamic Ventures sharing a substantial percentage of its portfolio. IRIS has team of 18 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Series A, Series B & 6 more
Portfolio IPOs
Portfolio Soonicorns
IRIS's List of Top Investments
IRIS has a portfolio of 168 companies, including 5 unicorns. Their most notable investments are in Kovalee and Talend Sa.Their portfolio spans across France, Germany, United States and 15 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 28 other sectors, across stages such as Series A, Series B and 6 more. Here is the list of top investments by IRIS:
1. Zeta Global
Provider of an AI-powered marketing platform unifying data and marketing channels. The platform offers customer data management, omnichannel activation, and analytics. It facilitates customer experience, acquisition, and campaign execution across paid channels. The platform also provides customer messaging and attribution capabilities.
Key facts about Zeta Global
- Founded Year: 2007
- Location: New York City (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $358M
- Employee Count: 3,087 as on Jul 31, 2026
- Investors: HTIF, Savano Capital Partners and 15 Others
- Latest Funding Round: Conventional Debt, Mar 01, 2021, $*****
- Highlight: Public
2. Careem
App-based ride-hailing aggregator. Users can book rides by providing location, passenger details, payment details, and more. The platform also offers services like food delivery, recharge services, grocery delivery services, and more. Apps are available for Android and iOS users.
Key facts about Careem
- Founded Year: 2012
- Location: Dubai (United Arab Emirates)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $772M
- Employee Count: 6,429 as on Jul 31, 2026
- Investors: IRIS, Kingdom Holding Company and 26 Others
- Latest Funding Round: Series F, Oct 18, 2018, $*****
- Highlight: Acquired
3. LumApps
Cloud based employee communication platform provider. It enables users to customize user profiles to get news and relevant information, content management, corporate user dictionary, employee management, internal communications, corporate portal, team management, and team discussions. It also allows users to view fellow co workers and the posts, enables users to search for people, teams, locations, contact details, and social activities.
Key facts about LumApps
- Founded Year: 2012
- Location: Tassin la Demi Lune (France)
- Annual Revenue: €10M - €50M as on Dec 31, 2024
- Stage: Acquired
- Total Funding till date: $102M
- Employee Count: 900 as on Jul 31, 2026
- Investors: Goldman Sachs, IRIS and 6 Others
- Latest Funding Round: Series C, Dec 31, 2019, $*****
- Highlight: Acquired
4. Zeotap
Provider of customer data platform with AI-powered insights and orchestration. The platform unifies customer data, enhances audience reach, and orchestrates omnichannel experiences. It offers real-time personalization, data governance, and privacy compliance. The platform provides tools for marketing, IT, and data teams across various industries. It supports use cases such as acquisition, loyalty, and customer experience.
Key facts about Zeotap
- Founded Year: 2014
- Location: Berlin (Germany)
- Annual Revenue: €1M - €10M as on Dec 31, 2019
- Stage: Series D
- Total Funding till date: $117M
- Employee Count: 165 as on Jul 31, 2026
- Investors: Liberty Global, IRIS and 42 Others
- Latest Funding Round: Series D, Nov 20, 2024, $*****
- Highlight: Editors' Pick
5. Adjust
Cloud-based mobile marketing software solution provider. It provides an open-source SDK that enables app developers to track and analyze things like user acquisition, feature releases, and user lifetime cohorts. Also enables the tracking of interactions in the app in real-time to see how users engage over their full lifetime. Clients include some of the world's largest brands such as Baidu, Deutsche Telekom, Universal Music, Spotify, and Viacom.
Key facts about Adjust
- Founded Year: 2012
- Location: Berlin (Germany)
- Stage: Acquired
- Total Funding till date: $256M
- Employee Count: 472 as on Jul 31, 2026
- Investors: IRIS, TriplePoint Capital and 15 Others
- Latest Funding Round: Series F, Jun 12, 2019, $*****
- Highlight: Acquired
IRIS's Year-on-Year Investment Trends
IRIS has invested in 170 companies over the last 26 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 5 investments, while as of Aug 2026, it has made 3 investments in this year. Its most recent first time investment was in Healf and most recent follow-on round was in Escape.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 4 | 1 | 5 |
2024 | 0 | 0 | 0 |
2023 | 5 | 0 | 5 |
2022 | 4 | 0 | 4 |
2021 | 5 | 4 | 9 |
2020 | 3 | 6 | 9 |
2019 | 4 | 3 | 7 |
2018 | 7 | 4 | 11 |
2017 | 5 | 4 | 9 |
IRIS's Investments by Stage
IRIS has made 39 investments in Series A stage with an average round size of $7.32M, 23 investments in Series B stage with an average round size of $15.5M and 18 investments in Seed stage with an average round size of $2.56M.Stage of entry | No. of Investments |
|---|---|
Series A | 39 |
Series B | 23 |
Seed | 18 |
Series C | 13 |
PE | 4 |
Others | 7 |
Note: We have considered here, only first round of investments
IRIS's Investments by Sector
IRIS has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, High Tech and FinTech. Notably, it has invested in 118 Enterprise (B2B) companies, 117 Tech companies, 83 Software companies and at least 50 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 63 |
Enterprise Infrastructure | 20 |
Consumer | 19 |
High Tech | 15 |
FinTech | 14 |
Others | 102 |
Note: We have considered here, only first round of investments
IRIS's Investments by Geography
IRIS has made most investments in France (45), followed by Germany where it has made 24 investments.Country | No. of Investments |
|---|---|
France | 45 |
Germany | 24 |
United States | 13 |
Israel | 4 |
United Kingdom | 4 |
Others | 14 |
Note: We have considered here, only first round of investments
IRIS's recent investments
IRIS has made 3 investments in 2026 so far. Healf and OpsMill are the latest among them.Here are the most recent investments by IRIS:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 31, 2026 | United Kingdom | Seed | 2002 | [+3] | |
May 07, 2026 | France | Series A | 8577 | ||
Mar 10, 2026 | United States | Series A | 5807 | [+2] | |
Oct 02, 2025 | France | Seed | 9297 | [+2] | |
Sep 30, 2025 | France | Series A | 6140 | [+6] |
Unicorns in IRIS's Portfolio
IRIS has 5 unicorns in its portfolio - Staffbase, Exotec, Forto and others. The most recent unicorn in their portfolio is Staffbase. It became a unicorn in 2022, 4 years before IRIS first invested in it.Here is a list of unicorns in IRIS's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Developer of software for internal employee communication and experience management | 2014 | Chemnitz | Series E | rojuaxp | ||
64 | Provider of warehouse automation systems featuring robots, software, and modular design | 2015 | Croix | Series D | zmto{rh | ||
69 | Provider of tech-enabled freight forwarding services | 2016 | Berlin | Series D | ny{qxmz | ||
67 | Provider of AI solutions for insurance underwriting, claims, and risk | 2014 | Paris | Series D | ynv{lqy | ||
70 | Provider of mobile endpoint security solutions against phishing and malware | 2007 | San Francisco | Series G | qrqjgrp |
IPOs and Publicly Listed companies in IRIS's Portfolio
5 of IRIS's portfolio companies have become public. Zeta Global got listed on the New York Stock Exchange (NYSE), in Jun 2021 at marketcap of $1.91B and Havas Creative got listed on the OTC Markets (OTCMKTS).Here are IRIS's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2021 | - | - | 8821 | |
Dec 20, 2017 | - | - | 5447 | |
May 07, 2004 | - | - | 2153 | |
Jan 26, 1998 | - | - | 2500 | |
- | Mar 26, 2015 | Series A | 2640 |
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Acquired companies in IRIS's Portfolio
68 companies from IRIS's portfolio have been acquired. The most recent acquisition was Talon One in Apr 2026 by Adyen for $*****.Here are IRIS's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 24, 2026 | Dec 18, 2018 | Series A | 1274 | |
Nov 25, 2025 | - | - | 6985 | |
Sep 17, 2025 | - | - | 8246 | |
Jan 09, 2025 | Jan 28, 2021 | Series C | 2914 | |
Nov 19, 2024 | Nov 05, 2014 | Series A | 2168 |
Team profile of IRIS
IRIS has a team of 18 members including 8 Partners and 3 Principals located in France, Germany and 1 more location. IRIS's team does not sit on the board of any company as of now.Here is a list of top team members in IRIS:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Paris | - | ||
Partner | Berlin | - | - | |
Partner | Paris | - | - | |
Partner | United Kingdom | - | ||
Partner | Berlin | - | - | |
Partner | Paris | - | ||
Partner | Munich | - | ||
Partner | Paris | - | ||
Principal | Berlin | - | - |
Co-investors of IRIS
Over the past 26 years, 470 investors have co-invested in IRIS's portfolio companies. This includes funds and angels.
- Invested before IRIS: Idinvest Partners, Kima Ventures and 175 others have invested in rounds before IRIS. There are 3 companies where Idinvest Partners has invested before IRIS and 3 companies where Kima Ventures has invested before IRIS.
- Top Co-investors of IRIS: 145 investors entered a company along with IRIS. These include investors like Capnamic Ventures (13 companies).
- Invested after IRIS: A total of 148 investors have invested in IRIS's portfolio after their investments. Top Investors include Bpifrance (7 companies), Europa (5 companies) and Earlybird (2 companies).
Recent News related to IRIS
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Ex-Roblox Engineer's OpsMill Raises $14M from BGV, Partech for Network Automation Data LayerTech Funding News•May 07, 2026•OpsMill, IRIS, Serena, Partech Partners and 4 others
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OpsMill Secures €11.9M Series A Funding for AI Infrastructure Data SolutionsStartup Rise EU•May 07, 2026•OpsMill, IRIS, Serena, Partech Partners and 1 other
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YC’s Escape nabs $18M from Balderton to capitalise on cybersecurity’s ‘unique moment’ Tech Funding News•Mar 10, 2026•Escape, Balderton Capital, IRIS, Uncorrelated Ventures and 2 others
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Popsink Secures €3 Million in Funding Round Led by IrisGlobal Legal Chronicle•Oct 09, 2025•IRIS, Popsink
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Reef Hotel Casino in Cairns Receives Second Takeover Proposal Valued at AU$184 MillionGaming Intelligence•Jul 28, 2025•Morrisgroupinc, Reef Hotel Casino, IRIS
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Iris Capital to Acquire Reef Casino Trust in $116 Million DealYogonet•Jul 15, 2025•Reef Hotel Casino, IRIS
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WeeFin announces a new €25 million financing round for sustainability complianceEU-Startups•Apr 01, 2025•WeeFin, BlackFin, Asterion, Ring Capital and 6 others
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Berlin’s Nala Earth raises €3.8M to help businesses manage environmental risks and comply with regulationsSilicon Canals•Jan 31, 2025•Nala Earth, IRIS, Kompas, Pale Blue Dot and 1 other
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Berlin-based Nala Earth Secures €3.8M in FundingStartup Rise EU•Jan 31, 2025•Nala Earth, IRIS, Kompas, Founderful and 1 other
