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Since 2019, Crystal Stream Capital has backed 2 African startups across 4 disclosed funding rounds totaling $105M, most heavily in Kenya and Logistics & Supply Chain.
Crystal Stream Capital is a venture capital firm founded in late 2013 by Wang Mengqiu. According to its official materials, the firm is based in China and built by a team with extensive operating experience in leading internet companies. Crystal Stream Capital focuses on entrepreneurial incubation in the internet and TMT fields and supports startup founders with both capital and hands on operational expertise. In Africa, Crystal Stream Capital has participated in growth stage financing for technology driven businesses. Based on available investment records, the firm has invested in Series A funding rounds and has been active in Egypt, backing an e commerce and retail company in the wholesale grocery space. These investments indicate a focus on technology enabled consumer and retail models in the region. Crystal Stream Capital often invests alongside other international investors and development finance institutions, reflecting a collaborative approach to supporting high potential startups. Its co investment activity with established venture firms and global partners underscores a strategy of leveraging shared expertise to help portfolio companies scale.
Data updated · Jun 2, 2026
Crystal Stream Capital has backed 2 African startups across 4 disclosed funding rounds tracked on Liners, totaling $105M since 2019.
Mostly Series A: 4 of its 4 tracked rounds are at that stage.
Its tracked rounds lean toward Logistics & Supply Chain (3), E-commerce & Retail (2).
Crystal Stream Capital most often shares rounds with RMBV (2 shared deals), Flourish Ventures (2 shared deals), Rise Capital (2 shared deals).
Crystal Stream Capital is a venture capital firm that focuses on early and growth stage investments, particularly in the internet and TMT sectors. The firm was founded in late 2013 by Wang Mengqiu and is based in China.
Crystal Stream Capital has backed MaxAB, a company in Egypt that allows retailers to order wholesale groceries on demand with transparent pricing. The firm participated in multiple Series A funding rounds for MaxAB in 2021.
