To support consumer technology startups globally, Goodwater raised over $1 B

Goodwater, a venture capital firm based in the United States that only invests in consumer technology, revealed on Tuesday that it has raised more than $1 billion for its family of early and growth-stage funds.

According to a statement from Goodwater, the company’s mission to enable exceptional entrepreneurs worldwide to positively impact the world is accelerated by this raise.

The company, which has a distinct consumer tech focus and a global footprint, has backed 79 early and growth-stage startups in 19 countries with more than 600 seed deals.

The company actively participates in important consumer technology innovation hubs in North America, Europe, North Asia, South East Asia, and Latin America, using a global perspective to share best practices across the portfolio and aid businesses in capturing new markets.

“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,” said Chi-Hua Chien, Goodwater Co-Founder and Managing Partner.

Eric Kim, co-founder and managing partner of Goodwater, stated that the company is motivated to support the achievements of the most promising consumer tech startups worldwide due to its laser focus on consumer technology, global portfolio of businesses developing market-leading digital consumer utilities, and software-enabled platform.

“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,” he said.

Chi-Hua Chien and Eric Kim, two industry veterans, founded the firm in 2014. The company now manages over $3.3 billion in committed capital and is expanding even as the venture industry as a whole is slowing down.

The company is able to invest in businesses at any stage, from the seed stage to ones valued at more than $100 million.