iFly.vc

02/07/2022

Weee! Challenge the world to taste life to the fullest!

At Weee!, we believe food is more than just what you eat. It's how we connect with other cultures, make memories and create traditions. Weee! challenges the...

07/06/2021

We're excited to announce the final close of iFly Fund II. We feel grateful for the trust and support of our LPs. We've been lucky to work with our founders, co-investors, and partners and look forward to more collaborations in the many years to come.

To compete with the myriad venture capital firms in Silicon Valley, iFly.vc has a unique vantage point. Its founder Han Shen has straddled the United States and China for several decades. He was the first hire on the investment team of Formation 8, the VC firm co-founded by Palantir’s Joe Lon…

04/24/2021

Hello, Austin!

Starting from this month, iFly will be based in Austin, TX! https://lnkd.in/gQYP7yU ...

03/17/2021

Congratulations on Weee!'s latest Series D round of $300M+ led by DST with new investors Blackstone, Tiger, and Arena! Weee! is leading the future of retail and bringing affordable access to groceries to underserved communities one doorstep at a time. iFly.vc is proud to participate to continue our support.

Weee! Inc., an online grocer specializing in Hispanic and Asian foods, raised more than $300 million in new financing amid unprecedented demand for home delivery.

11/12/2020

It was fun working with Mike Gelb to produce this new episode of The Consumer VC. Thanks again for having iFly.vc. And we look forward to the next project together!
https://theconsumervc.com/2020/10/27/han-shen/

Click Here to Listen on Apple Podcasts Click Here to Listen on Google Podcasts Click Here to Listen on Spotify Our guest today is Han Shen. Han is the Founding Partner of iFly.vc, an early-stage se…

10/01/2020

Weee! is the largest and fastest growing Asian e-grocer in North America. The company has seen unprecedented demand as consumer adoption of online grocery shopping continues to accelerate across the country. We were privileged to have Larry Liu speak with Pankaj Shah at our virtual annual conference to talk about the company's growth across the US (from the Bay Area to Los Angeles, Seattle, New York, New Jersey, San Diego, and Portland) and how they raised a Series C during COVID.

For more, please refer to the link below.

https://youtu.be/juR-m_F4npM

Based in the Bay Area, Weee! is an e-commerce grocery company that sources, sells, and deliveries fresh Asian groceries directly to consumers. At iFly, we lo...

08/17/2020

Weee!, the largest and fastest-growing Asian e-grocer in North America, today announced the successful close of the Series C round of financing led by DST Global.

Headquartered in the San Francisco Bay Area, Weee! currently operates in eight key regions. Through Weee!, customers have access to thousands of products and get free deliveries for a low order minimum. The company has been cash-flow positive and turned profitable while growing 600% year over year.

We would like to congratulate Larry Liu, Weee!'s founder and CEO, and his entire team on achieving another big milestone. Meanwhile, we hope it would be helpful to share the takeaways from our observation of Weee!'s journey with other founders who also aspire to serve the underserved demographics.

https://medium.com/ifly-vc/congratulations-on-weee-s-series-c-6f5554f28df6

06/12/2020

Congratulations Ken Nesmith and the Lexent Bio team! We're honored to be a proud investor to share the journey with you all.

Foundation Medicine, Inc., today announced that it has completed the acquisition of Lexent Bio, Inc., a precision oncology company located in Californ

06/11/2020

SayWeee's founder and CEO Larry Liu shared his entrepreneurial journey with TechCrunch and how they achieved 700% YoY growth.

https://techcrunch.com/2020/06/05/weee-profile/?

When Larry Liu moved to the U.S. in 2003, one of the first challenges he experienced was the lack of Chinese ingredients available in local groceries. A native of Hubei, a Chinese province famous for its freshwater fish and lotus-inspired dishes, Liu got by with a limited supply found at local Asia....

12/16/2019

Though the personal transportation industry has received a major amount of investment dollars and media attention in the recent years, innovation in this space began to sprout during the late 1990s. In his roles as a cofounder of Xootr and investor in Jump, Professor Karl Ulrich has personally observed and experienced the evolution and innovation in personal mobility over a 30-year period.

We were privileged to have Professor Ulrich share his journey and takeaways in the personal transportation industry at our annual conference.

To learn more, please read our Medium article for a summary or watch the full presentation in the links below.

Medium: https://lnkd.in/gUMb-RB

Youtube: https://lnkd.in/g_ZwAVZ