Goodwater Capital
240 Lorton Ave, 3flBurlingame, CA 94010
Firm Size
- Assets Under Management (AUM):$3.9 Billion
- Number of Funds:22
- Employees:
- Firm Type:Venture Capital
- Focus Areas:
Software & Technology
Consumer
Description
Goodwater Capital is a venture capital firm based in Burlingame, California. The firm primarily focuses on partnering with early-stage consumer technology companies and helping them grow into successful businesses. Founded in 2014 by Chi-Hua Chien and Eric Kim, Goodwater Capital has a strong track record of investing in companies that have disrupted traditional industries and have a potential to create significant value. The firm seeks to partner with entrepreneurial teams that have a deep understanding of consumer behavior and can leverage technology to deliver innovative solutions. Goodwater Capital's investment philosophy is guided by a long-term perspective, as they aim to build enduring relationships with their portfolio companies. The firm provides not only financial support but also strategic guidance, operational expertise, and access to their extensive network of industry experts and resources. With a keen understanding of trends and insights into consumer behavior, Goodwater Capital has successfully invested in companies such as Spotify, Square, Facebook, and Udemy. They have a particular focus on sectors like social media, e-commerce, fintech, gaming, and marketplaces. Located in the heart of Silicon Valley, Goodwater Capital is well-positioned to identify and support promising startups in the tech industry. Their commitment to backing companies that have the potential to make a meaningful impact has earned them a reputation as an investor of choice for entrepreneurs seeking to disrupt and transform industries.Latest News
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Apr 16, 2024: LunaJoy Health Launches 'LunaCare' for Women's Mental Health, Secures Funding to Fuel Expansion
Feb 26, 2024: FlowGPT, The Open Ecosystem AI Platform, Raises $10M
FlowGPT , an inclusive platform fostering an open ecosystem for AI application creators and the community, announced it has raised $10 million in a Pre-Series A round. The round was led by Goodwater Capital, the world's largest venture capital fund exclusively focused on consumer technology, with participation from DCM, a global early stage VC firm, which led the company's prior round while the company was still in stealth. FlowGPT is the largest open source store for AI-native applications, with a mission to bring AI to everyone. Since the company's launch in January 2023 , FlowGPT has attracted millions of users monthly across 110 countries. FlowGPT's engaged user base has developed more than 100,000 AI applications, for use on LLMs, such as ChatGPT, Google PaLM and open source models like Pygmalion.
Feb 21, 2024: Empowerly Raises $15M to Bolster Support for Students in an Increasingly Competitive Admissions Process
Empowerly , a data-driven education technology company that provides personalized college and career guidance, today announced it has raised a $15 million financing round led by Conductive Ventures. The new funding will be used to continue expanding Empowerly's college counseling services with a focus on building out its artificial intelligence and machine learning product optimizations, such as the AI-powered Empowerly Score's predictive capabilities, scaling its team of admissions experts and data analytics, and preparing for the launch of a mobile app. To date, Empowerly has raised $30 million from investors, including Conductive Ventures, Goodwater Capital, FJ Labs, Scrum Ventures, Translink Capital, American Student Assistance, Spero Ventures, and Mentors Fund.