Goodwater Capital holds initial close for Goodwater Capital III

Goodwater Capital has held an initial close for Goodwater Capital III, L.P., securing US $#Subscribers ONLY – where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. Be informed!#

Goodmans LLP served as the Canadian counsel to San Mateo, California based Goodwater Capital.

With a target of US $350 million, Goodwater Capital’s third fund will be almost as large as its previous two funds combined. Goodwater Capital raised US $130 million and US $250 million for Fund I and II in 2014 and 2017 respectively.

Founded by Chi-Hua Chien, formerly a General Partner at Kleiner Perkins Caufield & Byers, and Eric J. Kim, formerly a Managing Director at Maverick Capital, Goodwater Capital focuses exclusively on consumer tech companies. Goodwater Capital’s Canadian portfolio company includes Modasuite dba Frank and Oak.

photo credit: Goodwater Capital