# iFly.vc

> iFly.vc is a VC fund in Palo Alto backing E-Commerce and Food and Beverage. See 18 investments, round sizes, portfolio and contact details. Updated Oct 2026.

- Type: VC Fund
- Location: Palo Alto, United States
- Total investments: 18
- Last investment: Oct 2025
- Lead investor: 39%
- Fund size: $46M
- Last fund: Oct 2019
- Last updated: Oct 2026
- LinkedIn: https://www.linkedin.com/company/ifly-vc/
- X (Twitter): https://twitter.com/iFlyVC
- Website: http://ifly.vc/
- Facebook: https://www.facebook.com/iFlyvc-682138661935665/

iFly.vc is a VC fund in Palo Alto focused on E-Commerce and Food and Beverage. Founded in 2016, iFly.vc is a thesis-driven, seed-stage VC fund in the Austin Area that invests in tech-enabled transformation across the value chains of commerce in North America. iFly backs disciplined entrepreneurs with grit, and aims to build a concentrated portfolio while providing meaningful value-add to companies.

## Contacts

5 contacts available for iFly.vc. Shizune tracks 2 team members at iFly.vc. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ifly-vc?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $2.2M–$4.7M |
| Series A | $9.9M–$11M |
| Series B | $18M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 4 | 22% |
| Food and Beverage | 3 | 17% |
| Retail | 2 | 11% |
| Tea | 1 | 6% |
| Apps | 1 | 6% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 44% |
| Series A | 3 | 17% |
| Series B | 2 | 11% |
| Pre-Seed | 1 | 6% |
| Series D | 1 | 6% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 7 | 39% |
| France | 1 | 6% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Han Shen | Founding Partner | 15 | https://shizune.co/investors/profile/han-shen-2 |
| Pankaj Shah | Advisor | 10 | https://shizune.co/investors/profile/pankaj-shah |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ume Tea | Ume Tea provides candy-colored bubble tea. | $10M | Series A | Oct 24, 2025 | http://www.umeteaca.com/ |
| Ume Tea | Ume Tea provides candy-colored bubble tea. | $2.2M | Seed | Jun 08, 2023 | http://www.umeteaca.com/ |
| Cheese | 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! |  | Seed | Feb 20, 2023 | https://www.earncheese.com/ |
| Waysia | 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. | $9.9M | Series A | Sep 06, 2022 | https://www.alorsfaim.com/ |
| Weee! | Weee! is an online grocery delivery platform that offers Hispanic and asian food specialty products and everyday staples. The company specializes in the fields of e-commerce, grocery delivery, social commerce, retail, and Asian grocery. | $425M | Series E | Feb 28, 2022 | http://www.sayweee.com |
| Waysia | 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. | $4.7M | Seed | Aug 23, 2021 | https://www.alorsfaim.com/ |
| Weee! | Weee! is an online grocery delivery platform that offers Hispanic and asian food specialty products and everyday staples. The company specializes in the fields of e-commerce, grocery delivery, social commerce, retail, and Asian grocery. | $315M | Series D | Mar 16, 2021 | http://www.sayweee.com |
| Weee! | Weee! is an online grocery delivery platform that offers Hispanic and asian food specialty products and everyday staples. The company specializes in the fields of e-commerce, grocery delivery, social commerce, retail, and Asian grocery. | $50M | Series B | Mar 30, 2020 | http://www.sayweee.com |
| Cheese | 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! | $3.6M | Pre-Seed | Mar 10, 2020 | https://www.earncheese.com/ |
| Weee! | Weee! is an online grocery delivery platform that offers Hispanic and asian food specialty products and everyday staples. The company specializes in the fields of e-commerce, grocery delivery, social commerce, retail, and Asian grocery. | $18M | Series B | Dec 18, 2019 | http://www.sayweee.com |

10 of 18 investments shown.

## Co-investors
- [Goodwater Capital](https://shizune.co/investors/profile/goodwater-capital) — VC Fund, 6 deals together
- [Amplify.LA](https://shizune.co/investors/profile/amplify-la) — VC Fund, 2 deals together
- [Cathay Innovation](https://shizune.co/investors/profile/cathay-innovation-fund) — VC Fund, 2 deals together
- [Cathay Innovation](https://shizune.co/investors/profile/c-entrepreneurs) — VC Fund, 2 deals together
- [Gold House](https://shizune.co/investors/profile/gold-house) — VC Fund, 2 deals together
- [Idealab](https://shizune.co/investors/profile/idealab) — VC Fund, 2 deals together

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## FAQ

### What does iFly.vc invest in?

iFly.vc invests primarily in E-Commerce, Food and Beverage and Retail startups, most often at Seed and Series A stage. Most of the 18 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What round sizes does iFly.vc invest in?

iFly.vc typically joins rounds of $2.2M–$4.7M at Seed, $9.9M–$11M at Series A and $18M–$50M at Series B. These are whole funding-round sizes, not iFly.vc's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds iFly.vc took part in.

### How do I contact iFly.vc?

Public channels for iFly.vc include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at iFly.vc?

The team at iFly.vc includes Han Shen (Founding Partner) and Pankaj Shah (Advisor). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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