iFly.vc

iFly.vc is a venture capital firm founded in 2016 and primarily based in the San Francisco Bay Area, with additional presence in Austin, Texas. The firm specializes in seed-stage investments in technology-enabled companies, focusing on the transformation of traditional industries, particularly within the commerce sector in North America. iFly.vc adopts a thesis-driven approach, aiming to build a concentrated portfolio by supporting disciplined entrepreneurs who demonstrate resilience and innovation. The firm emphasizes providing meaningful value-added services to its portfolio companies, ensuring that their investments contribute to significant advancements in technology and business practices.

Han Shen Ph.D

Founding Partner

14 past transactions

Weee!

Series E in 2022
Weee!, Inc. is an online grocery retailer based in Fremont, California, specializing in providing Asian specialty products and staples. Founded in 2015, the company caters primarily to Chinese families, offering a diverse range of items including fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves customers across several major U.S. cities, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The company emphasizes a farm-to-door experience, sourcing its products through partnerships with local farms and trusted brands to ensure quality and affordability.

Waysia

Seed Round in 2021
Alorsfaim develops an application for ordering and delivering food. It offers various kinds of food from different Asian cuisine restaurants. Alorsfaim is based in Paris, France.

Weee!

Series D in 2021
Weee!, Inc. is an online grocery retailer based in Fremont, California, specializing in providing Asian specialty products and staples. Founded in 2015, the company caters primarily to Chinese families, offering a diverse range of items including fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves customers across several major U.S. cities, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The company emphasizes a farm-to-door experience, sourcing its products through partnerships with local farms and trusted brands to ensure quality and affordability.

Cheese

Seed Round in 2021
Cheese Financial Inc. is a financial services company based in Pasadena, California, established in 2019. It specializes in providing cashback debit cards and a credit-building application aimed at supporting underbanked communities, particularly students and new immigrants in the United States. The company's services are designed for individuals lacking credit history or a Social Security Number, allowing them to access digital banking solutions that facilitate credit score development and address personal financial needs. Through these offerings, Cheese Financial aims to empower users by enhancing their financial capabilities and promoting economic inclusion.

Weee!

Series B in 2019
Weee!, Inc. is an online grocery retailer based in Fremont, California, specializing in providing Asian specialty products and staples. Founded in 2015, the company caters primarily to Chinese families, offering a diverse range of items including fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves customers across several major U.S. cities, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The company emphasizes a farm-to-door experience, sourcing its products through partnerships with local farms and trusted brands to ensure quality and affordability.

Weee!

Series A in 2019
Weee!, Inc. is an online grocery retailer based in Fremont, California, specializing in providing Asian specialty products and staples. Founded in 2015, the company caters primarily to Chinese families, offering a diverse range of items including fruits, vegetables, seafood, snacks, beauty products, and daily necessities. Weee! serves customers across several major U.S. cities, including the San Francisco Bay Area, Sacramento, Seattle, Portland, Los Angeles, San Diego, New York City, and New Jersey. The company emphasizes a farm-to-door experience, sourcing its products through partnerships with local farms and trusted brands to ensure quality and affordability.

Yummy Bazaar

Venture Round in 2018
Yummy Bazaar, LLC provides online retail of gourmet food from Artisanal United States, France, Germany, Italy, Japan, Spain, Taiwan, and Turkey. It offers organic and gluten free food, beverages, and others; gift baskets, ideas, subscriptions, and cards; and corporate gifts and others. Yummy Bazaar, LLC was incorporated in 2014 and is based in Glassboro, New Jersey.

Camp Six

Seed Round in 2018
Camp Six Labs, Inc. is a San Francisco-based company founded in 2016 that specializes in the development of flying robots for the cleaning and maintenance of wind turbine blades. In addition to this focus, the company is also working on an aerial freight transportation network, utilizing unmanned aircraft capable of delivering payloads of up to 1,000 pounds over distances of 1,000 miles. Through its innovative technologies, Camp Six Labs aims to enhance transportation solutions, particularly for remote areas, thereby improving access and quality of life in diverse communities.

Camp Six

Venture Round in 2018
Camp Six Labs, Inc. is a San Francisco-based company founded in 2016 that specializes in the development of flying robots for the cleaning and maintenance of wind turbine blades. In addition to this focus, the company is also working on an aerial freight transportation network, utilizing unmanned aircraft capable of delivering payloads of up to 1,000 pounds over distances of 1,000 miles. Through its innovative technologies, Camp Six Labs aims to enhance transportation solutions, particularly for remote areas, thereby improving access and quality of life in diverse communities.

BorderX Lab

Series B in 2018
BorderX Lab, based in Silicon Valley, is a tech-first company that makes it easy for global middle class consumers to discover and purchase the world’s best products and services. BorderX Lab’s first product, The Beyond App, is a mobile marketplace that uses content to connect affluent Chinese shoppers with quality retailers and brands from both the US and Europe. By utilizing big data and artificial intelligence the Beyond App is able to provide Chinese consumers the same dot com shopping experience enjoyed by US or European consumers. Based in Sunnyvale, California, BorderX Lab was launched in 2014 by Xuehua Shen.

xoco

Seed Round in 2018
Xoco provides personalized tea and tea delivery services to its customers. It offers bubble milk tea, coffee milk tea, boba tea, and tea latte. It was founded in 2016 and based in San Francisco, California.

Lexent Bio

Seed Round in 2016
LEXENT BIO, INC. develops liquid biopsy technology for the treatment of cancer. It provides clinically actionable information about cancer diagnosis and treatment, and lets clinicians monitor response to the therapy. The company was incorporated in 2014 and is based in San Francisco, California. As of June 12, 2020, LEXENT BIO, INC. operates as a subsidiary of Foundation Medicine, Inc.

BorderX Lab

Seed Round in 2016
BorderX Lab, based in Silicon Valley, is a tech-first company that makes it easy for global middle class consumers to discover and purchase the world’s best products and services. BorderX Lab’s first product, The Beyond App, is a mobile marketplace that uses content to connect affluent Chinese shoppers with quality retailers and brands from both the US and Europe. By utilizing big data and artificial intelligence the Beyond App is able to provide Chinese consumers the same dot com shopping experience enjoyed by US or European consumers. Based in Sunnyvale, California, BorderX Lab was launched in 2014 by Xuehua Shen.

Yummy Bazaar

Seed Round in 2016
Yummy Bazaar, LLC provides online retail of gourmet food from Artisanal United States, France, Germany, Italy, Japan, Spain, Taiwan, and Turkey. It offers organic and gluten free food, beverages, and others; gift baskets, ideas, subscriptions, and cards; and corporate gifts and others. Yummy Bazaar, LLC was incorporated in 2014 and is based in Glassboro, New Jersey.
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