# Crystal Stream: portfolio, investments and team

> Crystal Stream is a vc firm. 6 investments on record, latest Jun 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/crystal-stream (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Crystal Stream

Last cheque observed Jun 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Series A Seed Series B

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 6 on record

Since the last cheque **2688** days **00** hrs **00** min **00** sec

Median round **$30M** Rounds led **0 of 6** Mostly in **China, 50%**

Pitch Crystal Stream

## Crystal Stream highlights

- 01 6 rounds on record
- 02 Mostly Series A and Seed: 75% of its rounds

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2019** 1 round
- **Jun** **[Particle Fever](https://millionrounds.com/company/particle-fever)** CN · Voice **$14M** With 2 others
- **2017** 2 rounds
- **Nov** **[Energy Monster](https://millionrounds.com/company/energy-monster)** CN · China Money Network **$30M** With 7 others
- **Jan** **[Lalamove](https://millionrounds.com/company/lalamove)** Series B · HK · FinSMEs **$30M** With 3 others
- **2014** 3 rounds
- **Jun** **[iCarsClub](https://millionrounds.com/company/icarsclub)** Series A · SG **$10M** With 4 others
- **Feb** **[Blued](https://millionrounds.com/company/blued)** Series A · CN **$1.6M** With 1 other
- **Jan** **[MailTime](https://millionrounds.com/company/mailtime)** Seed · US **$500K** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Series A Seed Series B

Median round joined **$30M** the round, not its cheque

Led 0 of 6 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jun 2019

Rounds by stage said on their site

- Series A *2*
- Seed *1*
- Series B *1*

Cheques by year Led Joined

2014 2019

Often in the room with

- [Huang Mingming](https://millionrounds.com/fund/huang-mingming) 2

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## Who they invest alongside

The investors most often in the same rounds as Crystal Stream. A count of rooms they were both in, not a relationship either has claimed.

[**Huang Mingming** VC firm **2** rounds together](https://millionrounds.com/fund/huang-mingming)

## Recently backed

The latest companies Crystal Stream put money into.

[**Particle Fever** $14M · Jun 2019](https://millionrounds.com/company/particle-fever)[**Lalamove** $30M · Jan 2017](https://millionrounds.com/company/lalamove)

## Quick answers about Crystal Stream

### What does Crystal Stream invest in?

Crystal Stream invests most often at Series A and Seed (75% of the rounds on record).

### How active is Crystal Stream?

6 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2019.

### What has Crystal Stream invested in recently?

Its most recent investments on record: Particle Fever (Undisclosed round, Jun 2019), Energy Monster (Undisclosed round, Nov 2017) and Lalamove (Series B, Jan 2017).

### How big are Crystal Stream's cheques?

The median round it joins is $30M.

### Does Crystal Stream lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

### Where does Crystal Stream invest?

Most of the companies it backs are in China (50%), Hong Kong SAR China (17%) and Singapore (17%).

### Is Crystal Stream investing now?

No investments in the last 12 months; the latest was in Jun 2019.

### Who does Crystal Stream invest alongside?

Most often Huang Mingming (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=crystal-stream) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=crystal-stream)