Goodwater Capital

Goodwater Capital is a San Francisco-based consumer technology venture capital firm founded by Eric Kim and Cack Wilhelm, investing at seed and Series A stages in consumer internet, consumer fintech, and social commerce companies globally, with a distinctive data-driven investment approach that applies quantitative analysis of consumer behavior, network effects, and engagement metrics to identify companies before conventional pattern recognition would indicate their potential. The firm invests with initial checks from $500,000 to $3 million and focuses on companies where strong consumer engagement, viral growth mechanics, and increasing switching costs create businesses with durable consumer loyalty. Goodwater was one of the earliest investors in Musical.ly, the short-form video social network acquired by ByteDance in 2017 and merged with TikTok, creating the most downloaded social app in the world. Stash, the consumer micro-investment and banking platform, is a portfolio company. Additional portfolio companies include Kabam, the mobile gaming company. Beyond its original investments in Musical.ly and Stash, the portfolio includes additional consumer technology companies across social, fintech, gaming, and commerce categories globally.