AngelCrunch

Based in Beijing, China, AngelCrunch was an equity crowdfunding platform established in 2011. The company's primary function was to operate an online platform that connected Chinese startups with angel investors, facilitating fundraising activities for early-stage companies.

The platform enabled entrepreneurs to create profiles for their ventures, while providing registered angel investors access to a pipeline of potential investment opportunities. By November 2011, AngelCrunch had launched its service and claimed to have over 10,000 startup companies and 8,000 angel investors registered on its platform. The business model centered on creating a marketplace for early-stage equity, aiming to streamline the investment process for both entrepreneurs seeking capital and investors looking to deploy funds into new ventures. The company's revenue generation would typically align with models for angel networks, which can include transaction fees, membership dues from investors, or corporate sponsorships.

AngelCrunch secured a total of $4.89 million in funding over two rounds. Its first seed round occurred in 2011 with investment from PreAngel. This was followed by a Series A round on October 5, 2013, where it raised $4.89 million. Institutional investors in the company included VenturesLab, Hongdao Capital, and PreAngel. While operational, the firm also engaged in direct investments, with its most recent noted deal being an Early Stage VC investment in Kuandeng Technology on August 18, 2017. The company is now considered to be defunct.

Keywords:equity crowdfunding, angel investing, China startups, early-stage funding, venture capital, investment platform, startup financing, angel network, Beijing tech, fintech, seed funding, Series A, PreAngel, VenturesLab, Hongdao Capital, entrepreneurship, capital raising, investor network, startup ecosystem China, private equity