iFly.vc

02/07/2022

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

https://www.youtube.com/watch?v=SEndE6jZJHw

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...

09/13/2021

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.

https://techcrunch.com/2021/07/06/ifly-vc-second-fund/

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!

https://www.linkedin.com/posts/ifly-vc_hello-austin-activity-6790130292431712256-Iljq

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.

https://www.bloomberg.com/news/articles/2021-03-16/specialty-grocer-weee-valued-at-2-8-billion-in-latest-round?sref=kqTbky5l

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.

https://www.businesswire.com/news/home/20200612005507/en/Foundation-Medicine-Acquires-Lexent-Bio-Accelerate-Liquid

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

12/05/2019

After listening to Mei Xu on the NPR podcast How I Built This with Guy Raz, we knew immediately that we wanted to invite Mei to speak at our conference and share her entrepreneurial experience with Chesapeake Bay Candle.

Here, Mei sits down for a fireside chat with Bianca Chen, founder of OX3 Productions and a renowned and seasoned former journalist at Reuters.

Mei is the founder and CEO of Meixu.com, an online, curated retail platform to connect women entrepreneurs and small businesses with consumers in the US and China. Mei was the founder & CEO of three global companies, Pacific Trade International, BlissLiving Home® and Chesapeake Bay Candle®. She successfully negotiated the sale of Chesapeake Bay Candle to Newell Brands in 2017, aligning the company she launched and grew into a global lifestyle brand with Newell Brands’ $14 billion portfolio of iconic consumer goods including Elmer’s Glue, Rubbermaid, and Yankee Candle that have been household mainstays for generations.

https://www.youtube.com/watch?v=h3WWR-sIsTk

After listening to Mei on the NPR podcast How I Built This with Guy Raz, we knew immediately that we wanted to invite Mei to speak at our conference and shar...

11/12/2019

Last week, we hosted our second annual conference and were excited to welcome attendees from 15+ major metropolitan areas around the world. It was a great opportunity to come together and discuss not only our portfolio updates but also themes such as innovation across the value chain of commerce, the “Asian economy” in North America, cross-border opportunities, and the entrepreneurship experience.

Special thanks to LPs for their support and Karl Ulrich, Larry Liu, Xuehua Shen, Mei Xu, Bianca Chen, Clement Gires, Ariel Liu, Lake Dai, Milos Ribic, Jeff Unze, Alfred Chu, Pankaj Shah for sharing their experiences and perspectives!

11/08/2019

Illumina, Lexent Partner on NGS-Based Cancer IVD Kit

https://www.genomeweb.com/molecular-diagnostics/illumina-lexent-partner-ngs-based-cancer-ivd-kit #.XcX4UpJKhdg

Lexent's NGS assay for monitoring response to treatment and minimal residual disease for solid tumors will eventually run on the Illumina NextSeq 550Dx.

10/28/2019

Don’t just watch Silicon Valley, BE the Valley.

10/23/2019

CEO Larry Liu of Weee! with Robert Handa, NBC

https://www.nbcbayarea.com/on-air/as-seen-on/Weee_-on-Asian-Pacific-America-with-Robert-Handa_Bay-Area-563665152.html

10/08/2019

iFly.vc Fund II is up and running. We will soon make our first investment of the new fund. Many thanks to our investors, founders, families and friends for both trust and support. Fund I’s performance has been solid. We’re excited to work on Fund II with you in the years to come! 😀 https://iFly.vc