Crystal Venture Funds

About Crystal Venture Funds

Crystal Venture Funds was a venture capital firm located in Cleveland, Ohio. The firm specialized in investing in various tech sectors including bioinformatics, enterprise software, distributed storage systems, security, semiconductor, and mobile communication technologies. Between its inception and conclusion in 2012, Crystal Venture Funds was actively involved in the growth and success of numerous companies, contributing to the creation of thousands of jobs globally. The investment strategy of the firm was centered around participating primarily in the early stages of a company's growth, typically during the first institutional funding round. Crystal Venture Funds often led or co-led about half of these initial rounds of financing. Their commitment was not just financial but also operational, striving to form a consortium of quality investors to actively support the portfolio companies. Over its operation time, Crystal Venture Funds conducted approximately 100 initial and follow-on fundings. Having invested in over thirty companies, Crystal Venture Funds succeeded in taking nine of those companies public. The firm's goal was to generate returns for their Limited Partners while fostering technologies and applications that cater to the clients' needs. The focus on innovation and early-stage support characterized the firm's role in the venture capital ecosystem. By the end of 2012, Crystal Venture Funds had concluded operations, fully distributing all monies to the Limited Partners as per the Partnership Agreement. The funds under Crystal Venture Funds which completed their activities include Crystal Internet Venture Fund II (BVI), L.P., Crystal Vision, L.P., and Crystal Venture II, Ltd. Partners Tzeng and Kellogg were at the helm of the funds for over 15 years, which shows a significant period of involvement in tech ventures and a substantial impact on the startups they backed.