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Crystal Stream Capital is a venture capital firm focused on entrepreneurial incubation and investment within the internet and TMT sectors. It identifies high-potential startups, leveraging its team's deep operational experience in internet companies and professional investment expertise. This approach offers comprehensive support and guidance, actively fostering development of its early-stage portfolio.
Ms. Wang Mengqiu established Crystal Stream Capital at the close of 2013. Her founding insight was to combine extensive internet operational knowledge with seasoned investment acumen, creating a unique platform for nurturing emerging ventures. The founding team’s background in operating internet businesses and professional investing underpins its distinctive incubation model.
The firm primarily supports outstanding entrepreneurs, cultivating them into successful CEOs through dedicated engagement and resources. Crystal Stream Capital’s long-term vision is to empower these founders, guiding them through scaling complexities, and actively contributing to innovation across technology, media, and telecommunications.
Key people at Crystal Stream Capital.
Key people at Crystal Stream Capital.
Crystal Stream Capital has 5 tracked investments across 5 companies. The latest tracked deal is $69.6M Series A in Robot Era in August 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 17, 2025 | Robot Era | $69.6M Series A | CDH Investments, Haier Capital | Meridian Capital |
| Oct 22, 2021 | Joes Future Food | $610K Series A | — | LI Liang, Matrix Partners China |
| Jul 1, 2021 | MaxAB | $40.0M Series A | — | Flourish Ventures, TOM Hulme, IA Capital Group, Passion Capital, Larry Rosenberger, Luca Ascani, 4DX Ventures, BECO Capital, Endeavor Catalyst, Rise Capital, Rmbv |
| Jul 29, 2016 | Baca | $20.0M Series B | — | Chenchao Zhuang, BAI Capital |
| Jan 5, 2015 | Lalamove | $10.0M Other Equity | Crystal Stream Capital | Aria Group, Geek Founders, MindWorks Ventures, Sirius Venture Capital |