iFly.vc

iFly.vc, established in 2016 and located in Austin, Texas, is a venture capital firm that focuses on seed-stage investments in technology-enabled companies. The firm concentrates on transforming traditional industries, initially emphasizing the commerce sector, and aims to support disciplined entrepreneurs who demonstrate resilience and determination. By building a concentrated portfolio, iFly.vc seeks to provide significant value to the companies it invests in, leveraging its expertise to enhance the growth potential of its portfolio. The firm is also registered as an investment adviser, ensuring compliance with regulatory standards in its investment activities.

Han Shen

Founding Partner

13 past transactions

Weee!

Series E in 2022
Weee! is a California-based online grocery delivery platform that offers Hispanic and Asian foods specialty products and everyday staples. The company specializes in the fields of eCommerce, grocery delivery, social commerce, retail, and Asian grocery. Weee! was founded in 2015 and is headquartered in Fremont, California.

Waysia

Seed Round in 2021
Waysia develops an application for ordering and delivering food. It offers various kinds of food from different Asian cuisine restaurants.

Weee!

Series D in 2021
Weee! is a California-based online grocery delivery platform that offers Hispanic and Asian foods specialty products and everyday staples. The company specializes in the fields of eCommerce, grocery delivery, social commerce, retail, and Asian grocery. Weee! was founded in 2015 and is headquartered in Fremont, California.

Cheese

Seed Round in 2021
Cheese Financial Inc., based in California, is a fintech company that is dedicated to helping people build credit and grow savings with simple and automated solutions. We believe that the chances of getting a great credit score and achieving life goals belong to everyone!

Weee!

Series B in 2020
Weee! is a California-based online grocery delivery platform that offers Hispanic and Asian foods specialty products and everyday staples. The company specializes in the fields of eCommerce, grocery delivery, social commerce, retail, and Asian grocery. Weee! was founded in 2015 and is headquartered in Fremont, California.

Weee!

Series B in 2019
Weee! is a California-based online grocery delivery platform that offers Hispanic and Asian foods specialty products and everyday staples. The company specializes in the fields of eCommerce, grocery delivery, social commerce, retail, and Asian grocery. Weee! was founded in 2015 and is headquartered in Fremont, California.

Weee!

Series A in 2019
Weee! is a California-based online grocery delivery platform that offers Hispanic and Asian foods specialty products and everyday staples. The company specializes in the fields of eCommerce, grocery delivery, social commerce, retail, and Asian grocery. Weee! was founded in 2015 and is headquartered in Fremont, California.

Yummy Bazaar

Venture Round in 2018
Yummy Bazaar is an e-commerce platform dedicated to providing the most authentic specialty foods from around the world in one place at a reasonable price. Yummy Bazaar is a one-stop shop that focuses on high quality name brand and artisanal specialty products, all delivered with exceptional service. It currently has over 1,500 products and is growing on a weekly basis. Yummy Bazaar's careful curation makes authentic world specialty food accessible and new product discovery simple and enjoyable.

Camp Six Labs

Seed Round in 2018
Bringing unprecedented material efficiency, speed and design freedom to the construction space.

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
Consumer brand

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.
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