iFly.vc

Founded in 2016, iFly.vc is a seed-stage venture capital fund based in Austin, Texas. It invests in tech-enabled transformation across various industries, with a focus on commerce in North America. The firm backs disciplined entrepreneurs and aims to build a concentrated portfolio while providing meaningful value-add to companies.

Han Shen Ph.D

Founding Partner

16 past transactions

Ume Tea

Seed Round in 2023
Ume Tea is a retailer specializing in bubble tea, offering a wide variety of flavored drinks such as brown sugar pearl milk tea, black milk tea with pearl, and fruit-based teas, catering to diverse customer preferences through its single outlets.

Cheese

Seed Round in 2023
Cheese is a California-based fintech company focused on helping individuals build credit and grow savings through simple, automated solutions. It develops a credit-building financial application that provides digital banking services and debit cards to customers with no credit history, enabling them to establish and improve credit scores while meeting personal financial needs, with an emphasis on serving underbanked communities.

Waysia

Series A in 2022
Waysia is a technology company that operates an online food ordering and delivery platform. It specializes in connecting customers with authentic Asian cuisine restaurants and providing them with convenient access to Asian groceries.

Weee!

Series E in 2022
Founded in 2015, Weee! is a California-based online grocery retailer specializing in Asian and Hispanic food products. It offers a curated selection of fruits, seafood, snacks, and daily essentials sourced from local farms and trusted brands, serving customers in major U.S. cities.

Waysia

Seed Round in 2021
Waysia is a technology company that operates an online food ordering and delivery platform. It specializes in connecting customers with authentic Asian cuisine restaurants and providing them with convenient access to Asian groceries.

Weee!

Series D in 2021
Founded in 2015, Weee! is a California-based online grocery retailer specializing in Asian and Hispanic food products. It offers a curated selection of fruits, seafood, snacks, and daily essentials sourced from local farms and trusted brands, serving customers in major U.S. cities.

Cheese

Seed Round in 2021
Cheese is a California-based fintech company focused on helping individuals build credit and grow savings through simple, automated solutions. It develops a credit-building financial application that provides digital banking services and debit cards to customers with no credit history, enabling them to establish and improve credit scores while meeting personal financial needs, with an emphasis on serving underbanked communities.

Weee!

Series B in 2020
Founded in 2015, Weee! is a California-based online grocery retailer specializing in Asian and Hispanic food products. It offers a curated selection of fruits, seafood, snacks, and daily essentials sourced from local farms and trusted brands, serving customers in major U.S. cities.

Weee!

Series B in 2019
Founded in 2015, Weee! is a California-based online grocery retailer specializing in Asian and Hispanic food products. It offers a curated selection of fruits, seafood, snacks, and daily essentials sourced from local farms and trusted brands, serving customers in major U.S. cities.

Weee!

Series A in 2019
Founded in 2015, Weee! is a California-based online grocery retailer specializing in Asian and Hispanic food products. It offers a curated selection of fruits, seafood, snacks, and daily essentials sourced from local farms and trusted brands, serving customers in major U.S. cities.

Yummy Bazaar

Venture Round in 2018
Founded in 2014, Yummy Bazaar is an online retailer specializing in authentic, high-quality specialty foods from around the world. It offers a curated selection of over 1500 products, including organic and gluten-free options, gift baskets, and corporate gifts. The company aims to provide exceptional service and make global food discovery simple and enjoyable.

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 designed for the cleaning and maintenance of wind turbine blades. In addition to its focus on aerial maintenance solutions, Camp Six also offers 3D printing services aimed at the construction industry. The company employs advanced metal lattice printing technology to efficiently create large structures, breaking down products into a mesh of individual structural components. By leveraging user-friendly features and generative design techniques, Camp Six enables solar developers to streamline the design, development, and manufacturing processes, significantly reducing project costs and time to market.

BorderX Lab

Series B in 2018
BorderX Lab Inc. is a technology company specialized in cross-border e-commerce, aiming to bridge global brands with Chinese consumers. Incorporated in 2014 and headquartered in Sunnyvale, California, the company operates primarily through its flagship product, The Beyond App. This mobile marketplace connects affluent Chinese shoppers to quality retailers and brands from the US and Europe, offering them a seamless online shopping experience akin to what is available in their home markets. Utilizing advanced big data and artificial intelligence, the Beyond App enables Chinese consumers to access authentic products directly from official brand websites, eliminating intermediaries. In doing so, BorderX Lab not only enhances the shopping experience but also ensures that brands can effectively reach and engage with the burgeoning Chinese market.

XOCO

Seed Round in 2018
XOCO is a consumer brand that specializes in providing a personalized tea delivery service. The company offers a diverse range of tea products, including bubble milk tea, coffee milk tea, boba tea, and tea lattes. By focusing on high-quality ingredients, XOCO aims to enhance the tea-drinking experience for consumers, delivering a variety of flavors and options directly to their doorstep.

Lexent Bio

Seed Round in 2016
Lexent Bio, Inc. specializes in developing advanced liquid biopsy technology aimed at transforming cancer diagnosis and treatment. Founded in 2014 and based in San Francisco, California, the company focuses on providing clinically actionable insights through its monitoring platform, which leverages low-pass whole-genome sequencing and DNA methylation analysis. This technology enables oncologists to obtain crucial information regarding cancer diagnosis and treatment options while also facilitating the monitoring of patient responses to therapies. By offering a faster and more accurate alternative to traditional imaging methods, Lexent Bio aims to enhance the understanding of treatment efficacy for both clinicians and patients. As of mid-2020, Lexent Bio operates as a subsidiary of Foundation Medicine, Inc.

BorderX Lab

Seed Round in 2016
BorderX Lab Inc. is a technology company specialized in cross-border e-commerce, aiming to bridge global brands with Chinese consumers. Incorporated in 2014 and headquartered in Sunnyvale, California, the company operates primarily through its flagship product, The Beyond App. This mobile marketplace connects affluent Chinese shoppers to quality retailers and brands from the US and Europe, offering them a seamless online shopping experience akin to what is available in their home markets. Utilizing advanced big data and artificial intelligence, the Beyond App enables Chinese consumers to access authentic products directly from official brand websites, eliminating intermediaries. In doing so, BorderX Lab not only enhances the shopping experience but also ensures that brands can effectively reach and engage with the burgeoning Chinese market.
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