Goodwater – one of the largest venture capital fund exclusively focused on consumer tech investments – recently announced that it has raised over $1 billion across its family of early and growth-stage funds. And with this raise, Goodwater accelerates its mission to empower exceptional entrepreneurs everywhere to change the world for good. With a consumer tech focus and global reach, the firm has backed 79 early and growth-stage startups in 19 countries worldwide.
Launched in 2014 by industry veterans Chi-Hua Chien and Eric Kim, the firm now manages over $3.3 billion in committed capital and continues to scale as much of the venture industry is slowing.
Goodwater has established itself as a leader focused on consumer technology venture capital with a proven track record of successful investments. And the firm’s global portfolio spans a number of the most impactful consumer tech startups of the past decade, including social media company musical.ly (acquired by Bytedance, China / US), fintech super app Toss (S. Korea), ethnic grocery eCommerce leader Weee! (California), fintech disruptor Stash (New York), global live entertainment platform Fever (Spain / UK), neighborhood social app Karrot (S. Korea), British neobank Monzo (UK), 10-minute delivery standout Getir (Turkey), and health tech innovator Everly Health (Texas). The firm’s partners also made early investments in Coupang, Facebook, Kakao, Spotify, and Twitter before launching Goodwater. For founders building a consumer tech company, Goodwater’s sector focus provides a distinct advantage in the market with proprietary data and services.
Goodwater’s consumer-only sector focus enables the firm to take a systematic global approach to investing. And the firm actively participates in key consumer tech innovation hubs across North America, Europe, North Asia, SE Asia, and Latin America, utilizing a global perspective to share best practices across the portfolio and help companies win their markets. The global community of Goodwater CEOs and leaders regularly gathers in person and online to share best practices through Masterclasses taught by functional experts and small group squads designed to boost each company’s performance in specific focus areas, including customer acquisition, conversion, engagement, retention, and monetization. In the last year alone, over 1,400 Goodwater founders and executives attended or viewed the firm’s Masterclasses over 5,000 times.
The firm’s team has invested in and operated global consumer tech giants like Coupang, Twitter, Kakao, Facebook, Activision Blizzard, Toss, and Spotify, uniquely positioning the firm to invest in the best global opportunities and help entrepreneurs win in large, competitive markets.
Since launching, Goodwater has invested heavily in proprietary software that enables the firm to identify and invest in the best companies and help to accelerate their growth. And the firm’s software-enabled platform, powered by proprietary insights on consumer tech trends, enables the firm to track millions of products globally and understand how consumers are adopting new technologies. Its team of engineers, data scientists, and product managers builds software tools to help founders boost performance across their most important KPIs.
Goodwater has 79 venture and growth investments and the world’s largest dedicated consumer tech seed portfolio, with over 600 seed deals across more than 50 countries. In addition to Founders Chi-Hua Chien and Eric Kim, Goodwater’s investing partnership includes Coddy Johnson, Hatim Khety, Jin Oh, and Vivek Subramanian.
KEY QUOTES:
“During a tough time in the market we are ready to support the very best early and growth stage consumer tech startups with $1 billion of fresh capital. We appreciate the support and trust placed in us by our Limited Partners. This new capital will fuel our global investing approach and strengthen our position as the best consumer tech investing platform in the world.”
— Chi-Hua Chien, Co-Founder & Managing Partner
“With our laser focus on consumer tech, global portfolio of companies building market-leading digital consumer utilities, and software-enabled platform, we are energized to champion the success of the most promising consumer tech startups around the world. We look forward to supporting ambitious teams building transformative digital solutions to address the needs of 8 billion humans who need better access to housing, healthcare, food, financial services, transportation, education, and entertainment.”
— Eric Kim, Co-Founder & Managing Partner
“We have been fortunate to partner with Goodwater since our early days and they have continued to provide tremendous value to us as we’ve scaled. Their consumer tech expertise has been invaluable as we’ve navigated growth from an early stage startup to a multi-billion dollar company. Goodwater is truly a global firm that uniquely appreciates the consumer tech opportunity for companies like Toss.”
— SG Lee, Founder and CEO of Toss based in Seoul, South Korea
