Goodwater, the United States-based venture capital fund exclusively focused on consumer tech investments, announced Tuesday that it has raised over $1 billion across its family of early and growth stage funds.

Goodwater said in a statement that with this raise, the firm accelerates its mission to empower exceptional entrepreneurs everywhere to change the world for good.

With a clear consumer tech focus and global reach, the firm has backed 79 early and growth stage startups in 19 countries with over 600 seed deals across more than 50 countries.

The firm actively participates in key consumer tech innovation hubs across North America, Europe, North Asia, South East Asia, and Latin America, leveraging a global perspective to share best practices across the portfolio and help companies win their 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.

Meanwhile, Goodwater Co-Founder and Managing Partner Eric Kim said that with the firm’s laser focus on consumer tech, global portfolio of companies building market-leading digital consumer utilities, and software-enabled platform, they are energized to champion the success of the most promising consumer tech startups around the world.

“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.

Founded in 2014 by industry veterans Chi-Hua Chien and Eric Kim, the firm now manages over $3.3 billion in committed capital and continues to scale as much of the venture industry is slowing.

The firm has the flexibility to invest anywhere from seed stage up to $100 million+ into companies.

The firm’s global portfolio spans a number of impactful consumer tech startups of the past decade, including social media company musical.ly (acquired by Bytedance，China / United States) and fintech super app Toss (South Korea), ethnic grocery eCommerce leader Weee! (California), fintech disruptor Stash (New York), global live entertainment platform Fever (Spain / United Kingdom), neighborhood social app Karrot (South Korea), British neobank Monzo (United Kingdom), 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.

Since its inception, Goodwater has invested heavily in proprietary software that enables the firm to identify and invest in the best companies and help to accelerate their growth.

The firm’s software-enabled platform, powered by proprietary insights on consumer tech trends, enables the firm to track millions of products globally and understand how consumers are adopting new technologies.

Its team of engineers, data scientists, and product managers builds software tools to help founders boost performance across their most important key performance indicators (KPIs).

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