/Investor DB

iFly.vc

Venture capital

Austin · Seed · 15 people tracked

Also known as IFLY MANAGEMENT, LLC

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Investment thesis

iFly.vc focuses on the large American consumer economy, which it sees being reshaped by cultural evolution and AI empowerment. The firm backs founders building consumer experiences across how people live, work, play, shop, eat, move, and connect, drawing on technology enablers such as AI, data, robotics, automation, and VR/AR/XR alongside demographic and cultural shifts. It invests with deep domain knowledge built through years of sector research, maintains a concentrated portfolio to focus capital and commitment on fewer companies, and emphasizes a relationship-driven, high-value-add partnership with founders. The firm is willing to invest in non-consensus ideas before others agree.

Source: firm website, verified Oct 13, 2026.

Stage
Seed
HQ
Austin, TX, US
Leads rounds
Leads
Instruments
Equity
Founded
2016
Private fund assets
$258.6M
VC funds
9
Tracked investments
24
Acquisitions
6

Team · 15 people

from the firm's website & public directories
Joe Lonsdale· Founding Partner, 8VCin𝕏

Joe Lonsdale co-founded Palantir at twenty-one, then Addepar and OpenGov, and has spent the decade since building 8VC into a firm with more than $6 billion under management — its seventh fund closed at $1.5 billion in July 2026 on a thesis he calls the American AI Industrial Revolution. The through-line is markets other investors avoid: intelligence agencies, municipal governments, wealth managers, defence. He runs the firm from Austin, co-founded the University of Austin and the Cicero Institute, and has made the Forbes Midas List six times.

Brian Goodall· Founder, First Garden City Consultingin

Brian Goodall is the founder and director of First Garden City Consulting, where he provides consulting and expert witness services across chemicals, renewables, algae, polymers, catalysis, and nutraceuticals. With over 40 years of experience in innovation and commercialization spanning Fortune 500 companies, startups, and government-funded initiatives, he has secured and managed over $125 million in federal funding for advanced technologies. Goodall was involved in pioneering teams that conducted early commercial demonstration flights using sustainable aviation fuels and holds recognition as a Distinguished Corporate Inventor from the American Society of Patent Holders.

Free Wu· Founder, Welight Capital
Han Shen· Founding Partnerin𝕏

Founder of iFly.vc with over 17 years of investing experience; a naturalized American immigrant known for backing founders early with a focus on culture-inspired innovation and AI empowerment in the consumer space.

Huiting Koh· Founding Managing Partner, Blueprint Venturesin

Huiting Koh is the Founding Managing Partner at Blueprint Ventures and a Kauffman Fellow with over 15 years of experience in venture capital, finance, and brand management. He invests in consumer product and technology businesses across Southeast Asia, focusing on founders building scalable companies with strong brand differentiation. He established Blueprint Ventures to support the development of regionally-rooted companies targeting Southeast Asia's growing consumer market.

Qingyun Cao· Venture Partnerin

Qingyun Cao founded Silicon Valley Vector, a tech and investment media platform based in the Bay Area, and serves as Venture Partner at iFly.VC. He previously worked as a U.S. Senior Economics Correspondent at China Central Television and as Bureau Chief in Mexico, and has contributed to the Financial Times. Cao is trilingual in Chinese, English, and Spanish.

Aayush Phumbhra· Investor & Entrepreneurin𝕏
Alfred Chu· Managing Partner, Starlite Investment Groupin

Alfred Chu is a Managing Partner at Starlite Investment Group and an Independent Non-Executive Director with 25+ years of experience in corporate governance and cross-border investing between Silicon Valley and Asia. His investment focus spans AI infrastructure, enterprise software, sustainability, and energy storage, with particular expertise in AI governance, ESG strategy, and board oversight. He maintains long-term investments across multifamily and commercial real estate.

Danny Bin· Head of Private Market Technology, Principal Asset Managementin
Hernán Fernández· Managing Partner, Angel Venturesin

Hernán Fernández is Managing Partner at Angel Ventures Mexico, which he cofounded as a professionally managed angel investor network and venture capital fund. The firm has completed over 50 investments exceeding $100 million across multiple industries, with operations in Mexico City, Guadalajara, Bogota, and Lima. Fernández holds an MBA from MIT Sloan and a law degree from ITAM, and previously worked as a consultant at Booz & Co., a corporate lawyer at PwC, and a consultant for the United Nations Development Program and Endeavor-affiliated companies.

Jessica Phan· Designin

Jessica Phan is a Staff Product Designer at the Chan Zuckerberg Initiative, where she focuses on learning and science communication. She has experience as a founding designer across multiple ventures and works at the intersection of product design and organizational strategy during early-stage development.

Jim Jensen· Partner, Orrickin
Ken Nesmith· CBO, Lunitin
Martin Salomon· Venture Advisorin
Baoning (Kenny) Fanin

Angel investor focused on internet, big data, alternative energy and life science.

Founder mafia

2 people who came through iFly.vc went on to found or lead other companies.

What they invest in

from 8 of 24 portfolio companies

E-commerce ×5Consumer ×4FoodTech ×4Direct to Consumer ×2Logistics & Supply Chain ×2Marketplaces ×2AdTech ×1Fintech ×1

HQs:United States×6France×1

Investments · 24 tracked

founders shown can be your intro path

By year:2022 · 12017 · 12 dated

BorderX Labborderxlab.cominDec 2017

BorderX Lab operates a cross-border e-commerce platform (branded Beyond/别样) that connects shoppers, primarily in China, with authentic products from US and European retailers and brands.

E-commerceLogistics & Supply ChainMarketplacesSunnyvale, US

Xuehua Shen(Executive Officer, Director, Promoter)Chengdu Huang(Director)Eric Feng(Director)

BoardHan Shen(Director)in

Co-investorsKleiner PerkinsWelight Capital

Evry Healthevryhealth.cominSeedAcquired

Evry provides members with access to a team of nurses, nutritionists, and doctors who coordinate personalized care plans and help members navigate health services.

FintechHealthtechInsurTechWellness & FitnessDallas, US

Chris Gay(Founder)inJay Startz(COO)inMark Jamilkowski(Chief Actuary)inBrian Kohl(CTO)

Co-investorsBVP InvestorsGaingelsSand Hill AngelsSINEWAVE VENTURESSoma CapitalVentureSouq+9 more

Minitableminitable.netin

Minitable provides a waitlist and reservation management system for restaurants, offering customer check-in, SMS and voice notifications, customer profiles with tags, and a dashboard that requires no dedicated hardware.

FoodTechRetail TechSaaSNew York, US

Yang Pan(Executive Officer, Director)

BoardHan Shen(Director)inGeorge Gong(Director)

Co-investorsValkyrie

Twirlistatwirlista.com

Twirlista is a women's fashion boutique offering clothing and curated jewelry accessories at affordable prices.

ConsumerDirect to ConsumerE-commerce

Ume Teaumetea.com

UMe Tea is a bubble tea chain that sells handcrafted fruit and fresh milk tea drinks, along with snacks, through its stores.

ConsumerFoodTech

Waysiamywaysia.comSep 2022

Waysia (方圆食里) is an online grocery and Asian food delivery platform serving Chinese communities in Europe, offering fresh groceries and Asian takeout ordering.

E-commerceFoodTechMarketplaces

Co-investorsDaphniCathay InnovationConvivialité VenturesGoodwater Capital

Weee!sayweee.comin𝕏

Weee! is a grocery delivery company that recruits drivers to deliver groceries to customers, operating a fleet of vans and distribution centers.

AdTechConsumerE-commerceFoodTechLogistics & Supply Chain

Co-investorsA-Rod CorpAmino CapitalGold House VenturesGoodwater CapitalPLUS CapitalSoftBank Vision Fund+1 more

Yummy Bazaaryummybazaar.com

Yummy Bazaar is an online store selling imported gourmet foods and specialty candies, such as Italian gummy bears and Mediterranean extra virgin olive oil.

ConsumerDirect to ConsumerE-commerceGlassboro, US

Rebecca C(Founder)Yan Weihua(Executive Officer)David Meskhi(Executive Officer, Director)Rebecca Chou(Executive Officer, Director)

BoardHan Shen(Director)in

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Agentic CommerceChefusComputer VisionCross-Border Supply ChainEthnic E-GroceryF&B Retail ChainRestaurant ChainRestaurant SaaSRoboticsShopvidiSmart Building Management SystemSmart Building PlatformSmart Home / IoTSocial MarketingSpecialty Food E-CommerceUMe

Exits · 6

6 acquisitions · showing 5

Computer Visionacq. by Cox AutomotiveRoboticsacq. by Burke Porter GroupSmart Building Management Systemacq. by AcuitySmart Building Platformacq. by Atlas 3DSmart Home / IoTacq. by British Gas

Frequently asked questions

How many investments has iFly.vc made?
iFly.vc has 24 tracked investments, 6 of which have exited.
What stage does iFly.vc invest at?
iFly.vc invests at the Seed stage.
What sectors does iFly.vc focus on?
iFly.vc focuses on AI & Machine Learning, Consumer, Robotics, Sector Agnostic.
Where is iFly.vc located?
iFly.vc is headquartered in Austin, US.
Does iFly.vc lead rounds?
Yes, iFly.vc leads investment rounds.
Who does iFly.vc co-invest with?
iFly.vc most often shares deals with Amino Capital, Daphni, Gold House Ventures, among 9 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Silicon Dragon Online: Ask A VC! Han Shen, iFly.vc

Silicon Global Online · Han Shen

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