Crystal Stream Capital

Crystal Stream is a venture capital firm based in Beijing, China, founded in 2012. The firm specializes in early-stage investments, primarily focusing on the Technology, Media, and Telecommunications (TMT) sector. Its investment strategy targets areas such as online finance, online education, online law, and online decorations. Crystal Stream typically invests between $800,000 and $1 million for angel investments. The firm has also established multiple venture capital funds, including its first RMB fund, which closed at CNY 200 million in January 2018, and a subsequent RMB fund launched later that year, aimed at commercial services, IT, and B2C sectors.

Bo Liu

Partner

Wang Mengqiu

Founding Partner

65 past transactions

Leisure Fruit

Series A in 2022
Leisure Fruit is a food firm that sells and exports high-quality, nutrient-dense casual snacks and also imported snacks.

Qiutian Manman

Series B in 2021
Qiutian Manman is a professional brand engaged in developing nutritious food for babies and children, sets a “daily dietary nutrition clock” for babies and children, and assists parents to establish a new concept of nutritious meals for their offspring. The brand offers nutritious products designed for breakfast, lunch, and dinner, as well as nutritional supplements for the morning and afternoon, in a bid to guarantee babies and children aged 3-12 can have a reasonable intake of nutrition 24 hours a day to ensure their healthy growth every day.

Huangxiaozhu

Venture Round in 2021
Huangxiaozhu is a fresh food brand specializing in convenient and nutritious instant porridge products that cater to traditional Chinese tastes. The company integrates modern processing methods and patented fresh-keeping technology to deliver healthy "light cooking" options for young consumers. Huangxiaozhu has developed a range of premium porridge varieties, including abalone seafood porridge, bird's nest and white fungus porridge, ginseng chicken porridge, and sea cucumber millet porridge. By employing cold chain logistics, the brand ensures the quality and freshness of its offerings, aiming to meet the growing demand for convenient and nutritious food in the Chinese market. The company plans to launch its products online in early April.

Joes Future Food

Series A in 2021
Developer of artificial meat. The company develops artificial meat and cultured alternative protein products at the cellular level, committing to creating a new solution for future food supply.

MaxAB

Series A in 2021
MaxAB is a B2B e-commerce marketplace based in Cairo, Egypt, that connects food and grocery retailers with suppliers, particularly in underserved areas. Founded in 2018, the company leverages data-driven technologies and advanced supply chain solutions to streamline the food and grocery market. MaxAB aims to empower retailers by providing access to a diverse range of products, premium service, and operational support. Its technology-driven logistics network ensures efficient distribution, delivering the right amount of food to the right locations at the right time, thereby reducing costs and improving the procurement and delivery process for retailers.

MaxAB

Series A in 2021
MaxAB is a B2B e-commerce marketplace based in Cairo, Egypt, that connects food and grocery retailers with suppliers, particularly in underserved areas. Founded in 2018, the company leverages data-driven technologies and advanced supply chain solutions to streamline the food and grocery market. MaxAB aims to empower retailers by providing access to a diverse range of products, premium service, and operational support. Its technology-driven logistics network ensures efficient distribution, delivering the right amount of food to the right locations at the right time, thereby reducing costs and improving the procurement and delivery process for retailers.

Yuri

Series A in 2021
Founded in 2017, UONI (Shenzhen) Technology Co., Ltd. is a fast-growing high-tech enterprise with a complete system of product development, production and sales. It is committed to creating a series of smart home cleaning robot products. Its main brands include: UONI, Future Cat etc.

Bito Robotics

Series A in 2021
Bito Robotics is a Shanghai-based company that specializes in designing and developing mobile robot systems aimed at enhancing productivity in manufacturing and commerce. Founded in 2017, it focuses on providing intelligent scheduling systems, multi-machine path planning, real-time robot status monitoring, and motion planning and control solutions. By leveraging artificial intelligence technology, Bito Robotics seeks to facilitate lean manufacturing through digitization and automation. The company's offerings are intended to support manufacturers in upgrading their operations from production scheduling to execution-level automation, ultimately improving efficiency and effectiveness in industrial settings.

MaxAB

Series A in 2021
MaxAB is a B2B e-commerce marketplace based in Cairo, Egypt, that connects food and grocery retailers with suppliers, particularly in underserved areas. Founded in 2018, the company leverages data-driven technologies and advanced supply chain solutions to streamline the food and grocery market. MaxAB aims to empower retailers by providing access to a diverse range of products, premium service, and operational support. Its technology-driven logistics network ensures efficient distribution, delivering the right amount of food to the right locations at the right time, thereby reducing costs and improving the procurement and delivery process for retailers.

Huangxiaozhu

Seed Round in 2021
Huangxiaozhu is a fresh food brand specializing in convenient and nutritious instant porridge products that cater to traditional Chinese tastes. The company integrates modern processing methods and patented fresh-keeping technology to deliver healthy "light cooking" options for young consumers. Huangxiaozhu has developed a range of premium porridge varieties, including abalone seafood porridge, bird's nest and white fungus porridge, ginseng chicken porridge, and sea cucumber millet porridge. By employing cold chain logistics, the brand ensures the quality and freshness of its offerings, aiming to meet the growing demand for convenient and nutritious food in the Chinese market. The company plans to launch its products online in early April.

Qiutian Manman

Series A in 2021
Qiutian Manman is a professional brand engaged in developing nutritious food for babies and children, sets a “daily dietary nutrition clock” for babies and children, and assists parents to establish a new concept of nutritious meals for their offspring. The brand offers nutritious products designed for breakfast, lunch, and dinner, as well as nutritional supplements for the morning and afternoon, in a bid to guarantee babies and children aged 3-12 can have a reasonable intake of nutrition 24 hours a day to ensure their healthy growth every day.

Bito Robotics

Series A in 2020
Bito Robotics is a Shanghai-based company that specializes in designing and developing mobile robot systems aimed at enhancing productivity in manufacturing and commerce. Founded in 2017, it focuses on providing intelligent scheduling systems, multi-machine path planning, real-time robot status monitoring, and motion planning and control solutions. By leveraging artificial intelligence technology, Bito Robotics seeks to facilitate lean manufacturing through digitization and automation. The company's offerings are intended to support manufacturers in upgrading their operations from production scheduling to execution-level automation, ultimately improving efficiency and effectiveness in industrial settings.

ZDEER

Series A in 2020
Wuhan Zdeer Technology Co., Ltd. is a health tech company based in Wuhan, China, specializing in the development of smart healthcare devices. The company targets the young generation by focusing on artificial intelligence and consumer medicine. Zdeer aims to enhance public health awareness and transform the traditional health industry through continuous technological and product innovation. Among its offerings are smart moxibustion boxes designed for home use, which provide traditional moxibustion therapy to address various conditions such as insomnia and body pain. By offering aesthetically pleasing and functional products at affordable prices, Zdeer strives to improve health outcomes for consumers.

CloudChef

Series B in 2020
CloudChef is an enterprise services company that offers a cloud management platform aimed at managing diverse cloud resources in a unified manner. Utilizing visual application blueprint modeling technology, CloudChef provides information management and control services that enable clients to effectively track, standardize, and optimize their cloud usage. This approach helps enterprises reduce costs associated with their cloud operations while enhancing efficiency and resource management.

Shumei Technology

Series C in 2020
Shumei Technology is a private company established in 2015, headquartered in Wangjing, Beijing, China. It specializes in providing solutions for financial and online fraud using artificial intelligence and data analytics. The company focuses on business risk control, offering services that leverage software as a service (SaaS) and big data to help organizations mitigate risks associated with various financial activities. Through its AI-driven products and services, Shumei Technology aims to enhance security and efficiency for its clients in managing potential threats and vulnerabilities.

Lori Systems

Series A in 2019
Lori Systems Corp. develops, owns, and operates a logistics platform that helps to connect transport with cargo. It serves transporters and cargo owners. The company was founded in 2016 and is based in Nairobi, Kenya with additional offices in Mombasa, Kenya; Kampala, Uganda; and Lagos, Nigeria.

Gona

Seed Round in 2019
GONA is a leading provider of mobile payments, offering scalable mobile payments solutions for merchants and consumers. Founded by a group of world-class mobile payments enthusiasts who started by scribbling their ideas on a piece of paper, today they offer smart, innovative mobile payment services in Nigeria.

Particle Fever

Series B in 2019
Particle Fever is a high-end sportswear designer based in China that focuses on creating innovative and aesthetically pleasing athletic apparel. The company operates as a “sportswear test field,” where it blends haute couture principles with advanced craftsmanship to redefine the sportswear market. By exploring the intersection of technology, culture, and art, Particle Fever aims to deliver unique and flexible sports apparel that enhances the athletic experience. Their design platform employs creative techniques to offer customers a distinctive approach to sports clothing while maintaining reasonable pricing.

XinZuJi

Angel Round in 2019
Provider of study abroad tour services. The company's service helps students in China explore top universities all over the world in an academic setting, enabling students to make better college application decisions.

DataPipeline

Series A in 2019
DataPipeline is a Beijing-based company that specializes in streaming data integration services. It offers a platform designed to help enterprises manage and utilize their data more effectively. The company provides a range of functionalities, including visual graphical configuration, data batch processing, quality management, and user management. These features allow customers to connect and synchronize complex data sources, leading to improved data utilization and enhanced decision-making capabilities. DataPipeline's solutions aim to address the technological needs of businesses by facilitating better data integration and management.

FishEye Cafe

Series A in 2019
FishEye Café started in 2010, as a specialty coffee retail, wholesale and roasting business to serve the fast-growing coffee market in Asia. They're the pioneer in specialty coffee in China, member of Speciality Coffee Association of America. Their headquarters is based in Beijing and now has expanded to multiple cities in China including Beijing and Shanghai. FishEye Café has been featured by over 30 mainstream media in China and internationally including Wall Street Journal and Bloomberg Weekly.

KoGi

Series A in 2019
Kogi is a brand new startup fashion e-commerce startup. I hope to use the new trading model and use small programs to create a new fashion model with a boutique fashion.

Qingmai

Venture Round in 2019
Qingmai business covers freshwater retail, community group purchase, and freshwater supply chain. Since the opening of the first brand retail store, it has successively opened up markets in Jiangsu, Zhejiang and Anhui, relying on a strong supply chain system, perfecting independent information technology systems, healthy and high-quality fresh products, and strictly maintaining customer-first service.

Shape

Series A in 2018
Shape is a Sports company.

GoGoTalk

Series B in 2018
GoGoTalk is an educational platform headquartered in Beijing, China, specializing in IELTS preparation. The company provides resources and support for students aiming to improve their English language skills and succeed in the International English Language Testing System (IELTS) exam. It focuses on delivering quality educational services to help learners achieve their academic and professional goals, making it a valuable resource for those seeking to enhance their language proficiency.

XuanYu Tech

Series A in 2018
Shenzhen Xuanyu Technology Co., Ltd. is an artificial intelligence company based in Shenzhen, China.

CloudChef

Series A in 2018
CloudChef is an enterprise services company that offers a cloud management platform aimed at managing diverse cloud resources in a unified manner. Utilizing visual application blueprint modeling technology, CloudChef provides information management and control services that enable clients to effectively track, standardize, and optimize their cloud usage. This approach helps enterprises reduce costs associated with their cloud operations while enhancing efficiency and resource management.

Shape

Seed Round in 2018
Shape is a Sports company.

Pidan

Series B in 2018
Pidan Studio is an e-commerce company that specializes in designing and providing innovative pet products aimed at simplifying pet ownership. Their product range includes items such as pet water fillers, interactive treat balls, water bowls, and mixed cat litter. By offering these solutions, Pidan Studio seeks to enhance the experience of raising pets, making it more enjoyable and manageable for pet owners.

Zhijiabest

Series A in 2018
Zhijiabest is a E-commerce Start up Based in Beijing.

Lehui Technology

Seed Round in 2018
Zhuhai based Media & Entertainment company.

Newestage

Series A in 2018
Newestage is the developer of Stager Live, a live-streaming mobile app in Japan.

Champzee

Series A in 2017
Hangzhou Champzee Network Technology Co., Ltd., founded in 2015 and based in China, operates as a male fashion membership-based e-commerce platform. The company specializes in providing personalized clothing selections by allowing members to input their style preferences and measurements. By leveraging data-driven analysis and expert styling services, Champzee curates customized shipments of clothing tailored to individual tastes, body shapes, and specific occasions. This service addresses the challenges men face in managing their personal style, especially those with busy lifestyles who may not enjoy shopping. By simplifying the shopping process, Champzee aims to enhance the fashion experience for its subscribers, ensuring they receive high-quality apparel that aligns with their professional and social needs.

Energy Monster

Series B in 2017
Energy Monster is a power bank rental service that enables users to rent power banks conveniently by scanning a QR code. The company aims to provide uninterrupted mobile device usage across various locations. Operating in 100 cities and partnering with approximately 100,000 merchants, Energy Monster places its power banks in points of interest such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can easily rent a power bank through mobile applications and return it at any participating location, leveraging the company's extensive network and advanced technology. Energy Monster is a subsidiary of Shanghai Zhi Technology.

Codemao

Series B in 2017
Codemao is an online education platform that teaches children about computer coding. The programming cat is a graphic programming tool platform developed by Shenzhen Point Cat Technology Co., Ltd. It is designed based on the learning characteristics of children and the concept of modern Chinese education. It adopts a different way of creating graphical programming modules than traditional codes and edutainment education concepts through interesting gamification courses and language. The combination of digital and other disciplines allows children to master knowledge in games, quickly understand programming concepts, and exercise their children's logical thinking ability and innovative practical ability. IN 2015, the Shenzhen, Guangdong-based company was established by Tianchi Li and Yue Sun.

Pidan

Series A in 2017
Pidan Studio is an e-commerce company that specializes in designing and providing innovative pet products aimed at simplifying pet ownership. Their product range includes items such as pet water fillers, interactive treat balls, water bowls, and mixed cat litter. By offering these solutions, Pidan Studio seeks to enhance the experience of raising pets, making it more enjoyable and manageable for pet owners.

Energy Monster

Series A in 2017
Energy Monster is a power bank rental service that enables users to rent power banks conveniently by scanning a QR code. The company aims to provide uninterrupted mobile device usage across various locations. Operating in 100 cities and partnering with approximately 100,000 merchants, Energy Monster places its power banks in points of interest such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users can easily rent a power bank through mobile applications and return it at any participating location, leveraging the company's extensive network and advanced technology. Energy Monster is a subsidiary of Shanghai Zhi Technology.

Reflower

Series B in 2017
Provider of e-commerce flower delivery services intended for women. The company delivers fresh bouquets of flowers every week and have expanded to delivering packages with fresh flowers and chocolate, enabling women to enjoy daily life with fresh flowers in their households, leading to happier lifestyles.

Lalamove

Series B in 2017
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

Reflower

Seed Round in 2016
Provider of e-commerce flower delivery services intended for women. The company delivers fresh bouquets of flowers every week and have expanded to delivering packages with fresh flowers and chocolate, enabling women to enjoy daily life with fresh flowers in their households, leading to happier lifestyles.

Baca

Series B in 2016
PT. Digital Baca Nusantara is an Indonesian company that develops and operates Baca, a mobile application designed to deliver news articles from various sources to users. Founded in 2015 and headquartered in Jakarta Barat, the company tailors its news content and advertisements to meet the preferences of its users. In addition to serving the Indonesian market, PT. Digital Baca Nusantara also extends its offerings to Brazil. As a subsidiary of News in Palm, the company is focused on enhancing the news reading experience for its audience.
Bikers Against Child Abuse, Inc. (B.A.C.A.) exists with the intent to create a safer environment for abused children. They exist as a body of Bikers to empower children to not feel afraid of the world in which they live. They stand ready to lend support to wounded friends by involving them with an established, united organization. They work in conjunction with local and state officials who are already in place to protect children. They stand at the ready to shield these children from further abuse.

Lalamove

Series A in 2016
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

YCloset

Series A in 2016
YCloset was an online platform based in Beijing that offered a clothing rental and shopping service specifically for women. Founded in 2015, the platform allowed users to enroll for a monthly fee, enabling them to rent clothes and accessories without additional charges for individual items. YCloset operated in approximately 40 cities across China, including major urban centers like Beijing, Shanghai, Guangzhou, and Shenzhen. The company partnered with over a hundred fashion brands to provide a diverse selection of rental options, helping women stay current with fashion trends without the need to purchase new clothing. However, YCloset announced its closure, ceasing operations by August 15, 2021.

Fu Fang

Angel Round in 2016
Developer of an online pharmacy management platform. The company's platform committed to building a new generation of medical service ecosystem, integrating online applications such as electronic prescriptions, rational drug use, drug distribution, and medication compliance management to provide safe, convenient, and interconnected services for doctors, pharmacists, and patients.

Baca

Series A in 2015
PT. Digital Baca Nusantara is an Indonesian company that develops and operates Baca, a mobile application designed to deliver news articles from various sources to users. Founded in 2015 and headquartered in Jakarta Barat, the company tailors its news content and advertisements to meet the preferences of its users. In addition to serving the Indonesian market, PT. Digital Baca Nusantara also extends its offerings to Brazil. As a subsidiary of News in Palm, the company is focused on enhancing the news reading experience for its audience.

Lalamove

Series A in 2015
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

GOSKI

Angel Round in 2015
Operator of a ski service platform designed to provide ski equipment and related services. The company provides an online community forum for ski lovers to discuss their ski experience and also offers ski equipment and training courses, enabling clients to improve their ski experience.

Velocity Black

Series A in 2015
Velocity Black is a digital concierge and luxury conversational commerce platform that caters to premium consumers. Founded in 2014 and based in London, with an additional office in New York, the company enables users to discover and book a wide range of services, including dining, travel, and unique experiences, all through a mobile application. By leveraging proprietary AI technology, Velocity Black aggregates the demand of high-performance individuals and connects them with vetted suppliers across multiple sectors. The platform enhances the consumer experience by offering personalized recommendations and facilitating seamless transactions, thereby empowering users to maximize their time and resources in the digital age.

canguanwuyou.cn

Angel Round in 2015
Provider of non-traditional restaurant food supply services. The company provides specializes in selling less commonly used ingredients and seasonings to restaurants, enabling clients to more affordably obtain unique foods to offer on their menu.

A&L Technology

Series A in 2015
A&L Technology is a Beijing-based shoe company

Lalamove

Series A in 2015
Lalamove, originally known as EasyVan, was established in Hong Kong in December 2013 to address the demand for efficient van hire services. The company operates in 21 markets across Asia and Latin America, connecting over 7 million customers with a network of more than 700,000 driver-partners. Lalamove's on-demand logistics platform facilitates instant matching between customers and drivers, enabling same-day deliveries with an impressive average fulfillment time of just 55 minutes. The platform offers van-hailing and courier services, allowing customers to track their deliveries in real time and rate their drivers. By optimizing routes and fleets, Lalamove enhances the earning potential for drivers while providing reliable and swift delivery solutions for businesses and individuals alike.

Guazi Car Rental

Series B in 2014
Guazi Car Rental is a Beijing-based P2P (peer to peer) car sharing platform. The platform allows private car owners to rent their vehicles to customers, in a model similar to the home sharing services provided by Airbnb.com. START was rebranded as Guazi Car Rental. Guazi Car Rental is operated in China.

Guazi Car Rental

Series A in 2014
Guazi Car Rental is a Beijing-based P2P (peer to peer) car sharing platform. The platform allows private car owners to rent their vehicles to customers, in a model similar to the home sharing services provided by Airbnb.com. START was rebranded as Guazi Car Rental. Guazi Car Rental is operated in China.

Kuailexue

Series A in 2014
Beijing Kuailexue Network Technology Co., Ltd., founded in April 2013 and based in Beijing, China, specializes in online education technology. The company develops an educational platform that primarily focuses on high school English examinations, offering a range of mock exams aligned with national college entrance requirements. Kuailexue's innovative products include a smart examination system that allows students to engage in targeted practice through inquiry-based questioning on both PCs and mobile devices. The platform features a user-friendly photo identification function for Android devices, enabling students to easily access and answer questions. Additionally, Kuailexue provides teachers with tools to create customized test papers by adjusting question sources and difficulty levels, simplifying the exam preparation process. The team at Kuailexue consists of professionals with backgrounds in leading technology and education companies, reflecting a commitment to enhancing the online learning experience.

Ofashion

Seed Round in 2014
Ofashion is a leading mobile import consumer-to-consumer luxury retailer, recognized for having the highest average revenue per user among fashion eCommerce companies in China. The company operates a global fashion shopping platform that facilitates online transactions between customers, enhancing the shopping experience by connecting users with overseas fashion buyers. This model enables efficient access to a wide range of fashion information and products, catering to the demands of luxury shoppers.

Blued

Series A in 2014
Blued is a developer of a mobile based gay social app designed to connect with the network of guys.The company's gay social app offers a social network for LGBTQ community to shares their pics, go live, chat with local guys, or join groups to plan events thus, providing easy convenient services for the gay community.

MailTime

Angel Round in 2014
As seen on TechCrunch Disrupt SF 2014 Startup Battlefield. MailTime incorporates the smooth experience of instant messaging and the universality of emails. They re-format and summarize your mails into a messaging conversation view. They redesign the way you assign tasks by mentioning and help you to track information easier.

51 Credit Card Manager

Series A in 2013
51 Credit Card Inc. is an investment holding company based in Hangzhou, China, that operates an online credit card management platform. The company is best known for its flagship application, 51 Credit Card Manager, which helps users manage their credit card bills. In addition to this app, it offers other services such as 51 Renpin and 51 Renpin Loan, focusing on personal financial services that include credit management, online credit facilitation, and investment options. The company also provides various financial products and services, including prepaid card issuance, loan collection, microloans, financing guarantees, post-loan management, and insurance broking. Founded in 2012, 51 Credit Card is dedicated to developing technology-driven solutions to enhance personal finance management for its users.
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