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Iris Nova

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Frictionless ordering and customer service experience, featuring beverages tailored to meet the needs of the modern consumer

New York City, United StatesFounded 2015Marketing
Valuation $50–100M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Iris Nova

Iris Nova operated as a consumer goods holding company, founded in 2015 by entrepreneur and product designer Zak Normandin. The company's initial and most prominent brand was DIRTY LEMON, a line of functional beverages launched in 2015, which pioneered a direct-to-consumer model selling exclusively through text message. This model evolved into Iris Nova's core offering: a proprietary conversational commerce (cCommerce) platform. This SMS-based technology managed the entire customer journey, from ordering and payment to customer service and delivery, creating a direct channel between brands and consumers.

The business model centered on building a portfolio of beverage brands that utilized its shared technology and operational infrastructure. This direct-to-consumer approach allowed the company to gather consumer data rapidly, enabling product development from idea to production in as little as 30 days. Revenue was generated through the direct sales of its own brands, like DIRTY LEMON, and by offering its cCommerce platform and distribution services to a curated selection of third-party beverage startups in which it often took an equity stake. In 2018, Iris Nova secured a significant $15 million seed funding round led by The Coca-Cola Company's Venturing & Emerging Brands unit, which valued the company at approximately $60 million. This capital was intended to expand its brand portfolio and further develop its technology platform. The company also experimented with physical retail through cashierless concept stores called 'The Drug Store', where customers would pay via text message.

The founder, Zak Normandin, began his entrepreneurial journey after serving as a Marine Engineer in the U.S. Coast Guard, first creating the organic children's snack company Little Duck Organics in 2009 before founding Iris Nova. His vision was to leverage technology to bypass traditional retail inefficiencies. Despite initial success and significant investment, Iris Nova faced severe operational disruptions due to the COVID-19 pandemic, leading to a workforce reduction in 2020 and ultimately ceasing all operations in 2022.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
New York City, United States
Employees
3
Open positions
None listed
Dealroom signal
53.5/100
Industry
Marketing
Sector
Marketing
Business model
SaaS
Client focus
b2b
Links
Website

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCEquity / VC Jan 2020 $0 — Marubeni Ventures —
SEED✓Equity / VC Dec 2018 $15M $60M Ron Burkle · Gary Vaynerchuk · Cassius · Imaginary Ventures ↗
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Growth signals

Iris Nova website traffic

Latest recorded traffic for Iris Nova is 130 monthly website visits, down 80% over the last three months. Iris Nova's team grew 0% over the past year.

Latest monthly visits130 3-month web change-80% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

20 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed16 investors entered at this stage

  • Mercuri
  • Ron Burkle
  • Gary Vaynerchuk
  • Cassius
  • Imaginary Ventures
  • Notable Capital
  • Tim Armstrong
  • Michael Rapino
  • Melitas Ventures
  • Alex Rodriguez
  • Scooter Braun
  • Chris Burch
  • Kate Hudson
  • Lakehouse Ventures
  • Sophia Bush
  • Betaworks Ventures

Series A2 investors entered at this stage

Series B and later1 investor entered at this stage

  • Marubeni Ventures

Other known investors1 additional known investor

  • MAHR Projects
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · New York City HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Iris Nova on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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