Goodwater Capital

Goodwater Capital is a venture capital firm headquartered in Burlingame, California, focused exclusively on consumer technology companies. The firm was founded by Chi-Hua Chien and Eric Kim and manages over $3.3 billion in committed capital across nine funds, positioning itself as the largest venture capital firm globally dedicated solely to consumer tech. Goodwater supports entrepreneurs building digital utilities to solve everyday consumer problems, from housing and healthcare to food delivery, financial services, and transportation. In Africa, Goodwater has invested $22.9 million across ten funding rounds from November 2021 to April 2025, primarily targeting seed-stage companies. The firm's African portfolio spans seven countries, with notable concentration in Nigeria and Kenya, each with three investments. Goodwater backs companies across e-commerce and retail, logistics and supply chain, marketing and CRM, fintech, travel and mobility, and real estate sectors. Key portfolio companies include Rabbit in Egypt, Chowdeck in Nigeria, Flowcart in Kenya, Fingo Africa in Kenya, Treepz in Nigeria, DigsConnect in South Africa, and BeU Delivery in Ethiopia. Goodwater's investment approach emphasizes hands-on support beyond capital deployment. The firm provides entrepreneurs with data analytics, concierge services, startup curriculum, and strategic advice to help companies scale from early stage to millions of customers. The firm's team brings decades of experience investing in and advising consumer tech platform companies that have achieved significant scale and market leadership.