Goodwater, a Burlingame, CA-based venture capital firm exclusively focused on consumer tech investments, raised over $1 billion across its family of early and growth stage funds.
With this raise, Goodwater accelerates its strategy to empower entrepreneurs across the consumer tech area with a global reach. The firm actively participates in key consumer tech innovation hubs across North America, Europe, North Asia, SE Asia, and Latin America, leveraging a global perspective to share best practices across the portfolio and help companies win their markets. The global community of Goodwater CEOs and leaders gathers regularly in person and online to share best practices via 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.
Goodwater provides tactical, hands-on support to companies solving problems common to consumer-tech startups including:
- How do I acquire customers?
- How do I engage them deeply in my product or service?
- How do I retain those customers and keep them happy over time?
- How do I build a healthy and scalable business through eCommerce, services, or ads?
Founded in 2014 by industry veterans Chi-Hua Chien and Eric Kim, the firm now manages over $3.3B in committed capital. Goodwater has backed 79 early and growth stage startups in 19 countries around the world. The firm’s global portfolio spans social media company musical.ly (acquired by Bytedance, China / US), fintech app Toss (S. Korea), ethnic grocery eCommerce leader Weee! (California), fintech company 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.
Goodwater’s investing partnership also includes Coddy Johnson, Hatim Khety, Jin Oh, and Vivek Subramanian.
FinSMEs
26/07/2023