iFly.vc

iFly.vc is a venture fund that supports entrepreneurs working on overlooked but useful problems. Its early focus is technology-enabled change across the value chain of long-established industries, beginning with commerce.

Services

• Thesis-driven investing: it avoids areas where it lacks expertise and builds a base of knowledge and domain experts.
• Concentrated portfolio: fewer investments than is usual in the industry, with more effort given to each.
• Long-term partnership: the team says it stays with founders through good and bad periods.
• Focus on unglamorous sectors: it looks for real problems rather than fashionable ones.

Clients

The fund backs determined founders. Its portfolio pages describe grocery delivery, financial services for immigrants, restaurant software, sustainable fashion, cross-border marketplaces, construction, healthcare diagnostics and building energy data.

Key facts

• Stage of exits: portfolio companies later acquired include firms taken over by Facebook, British Gas, Siemens and Acuity
• Focus: commerce and traditional industries