Grocery Industry Icons & Innovators
iFly.vc embraces investment opportunities in spaces that may appear unglamorous but carry tremendous growth potential. It focuses on technology-enabled transformation across the value chain of traditional industries to address underserved and underappreciated demand. iFly Fund I's performance is ranked the top-1% among all 2016 vintage VC funds in the US, according to Private Investment Benchmarks by Cambridge Associates. iFly currently manages two funds with a total AUM of $100m.
Han Shen is the Founding Partner of iFly.vc. Han’s career in venture capital started in 2009 and has spanned at VantagePoint and Formation 8, where he was the first hire on the investment team. He led and/or contributed to the investment in Oculus (acquired by Facebook), Fyusion (acquired by Cox), AlertMe (acquired by British Gas), Comfy (acquired by Siemens), Lucid (acquired by Acuity), Motive Drilling (acquired by Helmerich & Payne), and Taxon (acquired by DuPont). Han has served on the board of multiple portfolio companies including SayWeee!, the largest and fastest-growing ethnic e-grocer in North America. Earlier in his career, Han worked for Rohm and Haas Company, the largest US specialty chemical company (acquired by Dow Chemical for over $32 billion), where he was credited as a key inventor of four US patents.
Han earned his bachelor’s degree from Nanjing University, Ph.D. from the University of Chicago, and MBA from The Wharton School of The University of Pennsylvania. In addition, Han holds a private pilot license issued by the US FAA and was the Dignitary Champion of International Cherry Pit Spitting Competition in 2002.