At a Glance
Goodwater Capital has established itself as a specialized consumer technology investor since its founding in 2014, focusing on companies that leverage consumer platforms to drive growth. The Burlingame-based firm, managing approximately $1 billion in assets under management, has built its reputation by identifying and backing companies that excel at customer acquisition and engagement through digital channels. Goodwater Capital was founded by Chi-Hua Chien, a former partner at Kleiner Perkins, who brought extensive experience in consumer internet investments. The firm's investment philosophy centers on backing entrepreneurs building consumer-facing businesses with strong unit economics and platform-driven growth strategies. Notable portfolio companies include Wish, the mobile commerce platform that achieved significant scale before going public in 2020, and Bilibili, the Chinese video platform that has become a major player in the entertainment and gaming space. Other significant investments include Freshly, the meal delivery service that was acquired by Nestle in 2020 for $1.5 billion, and ClassPass, the fitness membership platform that was acquired by Mindbody. Goodwater Capital typically invests across multiple stages, from pre-seed through Series B and beyond, writing checks that range from hundreds of thousands to tens of millions of dollars depending on the stage and opportunity. The firm's approach emphasizes data-driven decision making and deep consumer behavior analysis, leveraging proprietary research and market insights to identify emerging trends. Their investment criteria includes companies with strong product-market fit, defensible competitive positions, and management teams with deep domain expertise. While primarily focused on consumer technology, Goodwater has expanded into adjacent areas including fintech, digital health, and other sectors where consumer adoption and engagement are critical success factors. The firm's reputation in the venture capital community stems from its ability to spot consumer trends early and its hands-on approach to helping portfolio companies scale their marketing and growth strategies.
“Consumer technology investor using proprietary data analytics to identify and back category-leading mobile and internet companies.”
Since its 2014 founding, Goodwater Capital has raised multiple funds totaling approximately $1 billion in assets under management. The firm has evolved from its initial focus on early-stage consumer internet companies to encompass a broader range of consumer-facing technologies across various stages. Their fund progression reflects their success in identifying and backing successful consumer platforms, with returns from portfolio companies like Wish and Freshly helping establish their track record in the market.
Goodwater Capital primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Goodwater Capital is headquartered in Burlingame, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
Goodwater Capital focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
Goodwater Capital's typical investment check size ranges from $50K to $10M. Actual amounts may vary based on the stage, sector, and specific opportunity.
Goodwater Capital manages approximately $1B in assets under management (AUM) across their funds.
