Consumer
IRIS Fund II is the second fund from Barcelona-based IRIS Ventures, a sector-specialist firm focused on the modern consumer. With nearly €100 million raised in a rapid first close, the fund aims to reach €200 million in total commitments. Backed largely by European family offices, the vehicle reinforces IRIS Ventures' long-term commitment to purpose-driven consumer brands. The fund specifically targets high-growth companies in wellness, nutrition, beauty, personal care, longevity, and modern lifestyle. In contrast to many contemporary funds pursuing AI and deep tech, IRIS Fund II is deliberately positioned outside that trend, doubling down on brand-led consumer businesses with scalable digital commerce models and strong unit economics. IRIS Fund II plans to deploy between €5 million and €20 million per investment across 12–15 companies over the next four years. The fund will focus on growth-stage businesses with proven market traction, offering active support through five-year partnerships and typically two board seats per company. Its model is founder-friendly but hands-on, focused on scaling operations, products, and global reach. Geographically, the fund will invest approximately 80% of its capital in Europe and 20% in the United States. IRIS Fund II builds on the experience of the firm’s first €100 million fund (2021), which created a portfolio of 12 companies, including Olistic, Essentialist, Maurten, Healf, and Artemest. This second vehicle intends to scale that thesis further, maintaining a tight focus on consumer categories poised for global growth.
