Goodwater’s Proficiency in Consumer Tech Establishes It as Prime Investor for Emerging Startups
Goodwater, a distinguished venture capital fund specializing in consumer tech investments, has proudly announced an impressive achievement—raising more than $1 billion across its array of early and growth stage funds. This substantial funding infusion empowers Goodwater to fulfill its mission of aiding exceptional entrepreneurs in catalyzing positive global transformation. Launched in 2014 by industry trailblazers Chi-Hua Chien and Eric Kim, Goodwater has consistently demonstrated its unwavering commitment to consumer tech, manifesting in investments in 79 early and growth stage startups spanning 19 countries around the world. The firm now boasts the management of over $3.3 billion in committed capital, showcasing continuous expansion even in a slowing venture industry landscape.
Chi-Hua Chien, Co-Founder & Managing Partner at Goodwater, conveyed, “Amid challenging market conditions, we stand prepared to provide substantial support to the most promising early and growth stage consumer tech startups, armed with $1 billion in fresh capital. We extend our heartfelt appreciation to our Limited Partners for their trust and support. This new capital injection will further fuel our global investment strategy and fortify our standing as the preeminent consumer tech investment platform worldwide.”
This sentiment was reaffirmed by Eric Kim, Co-Founder & Managing Partner, who underscored their dedication to nurturing groundbreaking digital solutions catering to the diverse needs of the global population of eight billion. This inclusive approach spans vital sectors like housing, healthcare, food, financial services, transportation, education, and entertainment.
Goodwater’s Illustrious Legacy in Consumer Tech
Over time, Goodwater has garnered an esteemed reputation as a trailblazing consumer tech venture capital powerhouse, boasting a remarkable history of investments in transformative startups. Notable examples include social media sensation musical.ly (acquired by Bytedance, China/U.S.), fintech super app Toss (South Korea), ethnic grocery e-commerce leader Weee! (California), fintech disruptor Stash (New York), live entertainment platform Fever (Spain/U.K.), social app Karrot (South Korea), neobank Monzo (U.K.), delivery service Getir (Turkey), and health tech innovator Everly Health (Texas). Prior to establishing Goodwater, the firm’s partners had previously made early investments in prominent entities such as Coupang, Facebook, Kakao, Spotify, and Twitter.
Goodwater’s Singular Focus on Consumer Tech: A Catalyst for Startups
Goodwater’s unwavering emphasis on consumer tech serves as a distinct advantage for startups, offering access to proprietary data and specialized services. Seung-gun Lee, Founder and CEO of Toss, attests, “[Goodwater’s] consumer tech expertise has been invaluable as we’ve navigated growth from an early stage startup to a multi-billion dollar company. Goodwater truly stands as a global firm that uniquely comprehends the vast consumer tech potential for companies like Toss.”
