IRIS Capital completed an investment in Instead Holdings.

IRIS Capital, a venture capital firm, completed an investment in Instead Holdings, an AI-powered tax platform provider. Financial terms were not disclosed. As part of the agreement, IRIS and Instead will work closely to foster innovation, exchange insights, and apply AI-driven solutions to real customer challenges. By combining deep domain expertise and complementary capabilities, the partnership creates a foundation to accelerate product development, challenge conventional thinking, and drive advancement across the tax and accounting ecosystem.