Venture capital firm
Goodwater Capital portfolio
goodwatercap.comGoodwater Capital is a venture capital firm based in Burlingame, United States, founded in 2014. It has invested in 162 venture-backed companies across 193 funding rounds on VCMC, and led 51 of those rounds. 17 of them were in the last 12 months.
162
Venture-backed companies
in its portfolio on VCMC
193
Funding rounds
led 51
17
Last 12 months
rounds, Oct 2025 to Sep 2026
33
With a disclosed valuation
of 162 companies
$72.6B
Combined value of its private companies
the whole companies, not what Goodwater Capital owns
161 private companies Goodwater Capital has backed have a VCMC valuation; together they are worth $72.6B. That is the value of the whole companies, not what Goodwater Capital owns. Toss Business is 21% of the total. 1 company it backed has since been acquired and is not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Goodwater Capital's most valuable portfolio companies
The 10 most valuable private companies Goodwater Capital has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 Toss Business Payment Processing & Point of Sale, Seoul $15.4B range $2.2B – $17.7B Led at Series B, 2016
- 2 Monzo Banks & ATMs, London $9.7B range $5.5B – $13.7B Led at Series D, 2017
- 3 Weee! Groceries, Fremont $4.2B range $361M – $6.2B Joined at Series B, 2020
- 4 Tech Companies, Seoul $3.8B range $525M – $7.0B Joined at Series D, 2021
- 5 Greenlight Payment Processing & Point of Sale, Atlanta $2.6B range $237M – $3.8B Joined at Series C, 2020
- 6 Stori Financial Services, Mexico City $2.2B range $689M – $3.2B Joined at Series C, 2022
- 7 Tech Companies $2.2B range $1.7B – $3.5B Joined at Series B, 2026
- 8 Stash Investment Consultants & Financial Advisors, New York $2.1B range $924M – $3.4B Led at Seed, 2016
- 9 Fever Tech Companies, New York $1.8B range $898M – $2.5B Joined at Growth, 2022
- 10 Payment Processing & Point of Sale, Hồ Chí Minh City $1.7B range $115M – $3.0B Led at Series D, 2021
Portfolio
Full Goodwater Capital portfolio (162 companies)
162 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dott Bicycle Rental Services · led at Series B, 2019 | Series D Oct 2025 $17M | $283M | $145M – $433M | $282M (0%) | $34.3M | 3% | 643 | up | B | |
| 2 | Monzo Banks & ATMs · led at Series D, 2017 | Series I Dec 2024 $534M | $9.7B | $5.5B – $13.7B | $9.7B (0%) | $1.2B | 0% | 5,631 | growing | B | |
| 3 | Weee! Groceries · since Series B, 2020 | Series E Feb 2022 $425M | $4.2B | $361M – $6.2B | $3.9B (-7%) | $682M | 0% | 916 | flat | D | |
| 4 | Toss Business Payment Processing & Point of Sale · led at Series B, 2016 | Series H Jun 2021 $410M | $15.4B | $2.2B – $17.7B | $14.8B (-4%) | $2.1B | 0% | – | up | D | |
| 5 | Stash Investment Consultants & Financial Advisors · led at Seed, 2016 | Series H May 2025 $146M | $2.1B | $924M – $3.4B | $1.9B (-9%) | $259M | 30% | 240 | flat | C | |
| 6 | Greenlight Payment Processing & Point of Sale · since Series C, 2020 | Series D Apr 2021 $260M | $2.6B | $237M – $3.8B | $2.5B (-4%) | $447M | 6% | 687 | flat | D | |
| 7 | Stori Financial Services · since Series C, 2022 | Growth Equity Aug 2024 $212M | $2.2B | $689M – $3.2B | $2.1B (-2%) | $245M | 2% | 798 | flat | C | |
| 8 | Fever Tech Companies · since Growth, 2022 | Growth Equity Jun 2025 $100M | $1.8B | $898M – $2.5B | $1.8B (0%) | $131M | 0% | 5,616 | growing | B | |
| 9 | TIER Car Rental · since Series C, 2020 | Series D Oct 2021 $200M | $226M | $133M – $700M | $225M (0%) | $252M | 97% | 415 | shrinking | C | |
| 10 | Jerry Insurance - Agents, Carriers & Brokers · led at Series B, 2021 | Series C Aug 2021 $75M | $475M | $188M – $1.1B | $438M (-8%) | $105M | 39% | 401 | growing | C | |
| 11 | Tech Companies · since Series B, 2026 | Series B Aug 2026 $280M | $2.2B | $1.7B – $3.5B | $3.0B (+39%) | $330M | 0% | 156 | growing | B | |
| 12 | Tech Companies · since Series A, 2015 | Series C Sep 2021 $70M | $156M | $38.9M – $563M | $146M (-6%) | $78.8M | 97% | 246 | shrinking | D | |
| 13 | Tech Companies · since Series A, 2024 | Series A Sep 2024 | $1.1B | $245M – $3.1B | $605M (-47%) | $245M | 43% | 15 | unknown | D | |
| 14 | Tech Companies · led at Series A, 2024 | Series B Mar 2026 $37M | $325M | $182M – $549M | $387M (+19%) | $42.6M | 0% | 229 | up | B | |
| 15 | Clay & Pottery Products · since Seed, 2020 | Growth Equity Sep 2022 $35M | $255M | $41.3M – $465M | $247M (-3%) | $30.6M | 0% | 143 | up | D | |
| 16 | Tech Companies · since Seed, 2025 | Series A Jun 2026 $30M | $194M | $120M – $436M | $307M (+58%) | $43.0M | 0% | 16 | growing | C | |
| 17 | Tech Companies · since Seed, 2023 | Series A Apr 2025 $26M | $241M | $102M – $342M | $241M (0%) | $33.7M | 0% | 85 | growing | C | |
| 18 | Tech Companies · since Seed, 2022 | Series A Jan 2025 $17M | $209M | $91.7M – $297M | $209M (0%) | $29.0M | 0% | 244 | growing | B | |
| 19 | Tech Companies · since Series A, 2021 | Series A Sep 2021 $20M | $122M | $27.7M – $279M | $122M (0%) | $28.0M | 0% | 11 | growing | D | |
| 20 | Tech Companies · since Seed, 2023 | Series A Nov 2025 $16M | $154M | $63.3M – $229M | $162M (+5%) | $22.6M | 0% | 25 | growing | C | |
| 21 | Tech Companies · led at Seed, 2018 | Other Jul 2022 $13M | $36.5M | $2.29M – $193M | $35.8M (-2%) | $13.7M | 62% | 176 | down | D | |
| 22 | Software Development Services · since Seed, 2026 | Seed Apr 2026 $15M | $91.6M | $44.3M – $179M | $126M (+37%) | $22.6M | 0% | 18 | growing | C | |
| 23 | Tech Companies · led at Seed, 2025 | Other Jul 2026 $12M | $104M | $35.2M – $119M | $104M (0%) | $18.7M | 0% | 57 | up | C | |
| 24 | Tech Companies · since Seed, 2024 | Seed Oct 2024 $11M | $112M | $29.5M – $167M | $108M (-4%) | $21.7M | 7% | 42 | up | C | |
| 25 | Tech Companies · led at Series A, 2021 | Series A Jun 2021 $10M | $53.8M | $4.26M – $129M | $48.7M (-10%) | $16.6M | 24% | 23 | flat | D | |
| 26 | Tech Companies · led at Series A, 2023 | Series A Sep 2023 $15M | $138M | $45.3M – $274M | $138M (0%) | $25.2M | 0% | 99 | growing | C | |
| 27 | Tech Companies · since Series A, 2022 | Series A Aug 2022 $8.0M | $15.7M | $4.51M – $46.0M | $13.4M (-15%) | $11.2M | 97% | 31 | shrinking | D | |
| 28 | Tech Companies · since Seed, 2022 | Seed Nov 2022 $10M | $8.64M | $4.42M – $19.0M | $7.08M (-18%) | $13.3M | 97% | 9 | shrinking | C | |
| 29 | Tech Companies · led at Series A, 2024 | Series A Feb 2024 $10M | $100M | $13.5M – $152M | $100M (0%) | $14.0M | 0% | 21 | unknown | D | |
| 30 | Tech Companies · since Series A, 2026 | Series A Jan 2026 $10M | $85.1M | $36.4M – $152M | $99.8M (+17%) | $16.1M | 0% | 86 | growing | C | |
| 31 | Cryptocurrency · since Seed, 2022 | Seed Jun 2022 $10M | $200M | $11.4M – $230M | $200M (0%) | $36.0M | 0% | 5 | unknown | D | |
| 32 | Tech Companies · since Seed, 2021 | Seed Apr 2021 $4.5M | $34.1M | $1.20M – $48.3M | $34.1M (0%) | $6.68M | 0% | 4 | unknown | D | |
| 33 | Tech Companies · led at Series A, 2024 | Series A Dec 2024 $7.0M | $70.0M | $15.0M – $107M | $70.0M (0%) | $9.80M | 0% | 30 | unknown | C | |
| 34 | Tech Companies · since Seed, 2025 | Seed Jan 2025 $6.9M | $114M | $31.3M – $198M | $99.3M (-13%) | $26.6M | 28% | 26 | flat | C | |
| 35 | Tech Companies · since Seed, 2022 | Seed Sep 2022 $4.8M | $4.47M | $2.20M – $13.2M | $3.00M (-33%) | $7.68M | 97% | 4 | shrinking | C | |
| 36 | Tech Companies · since Seed, 2024 | Seed Feb 2024 $6.0M | $90.5M | $27.0M – $138M | $90.5M (0%) | $16.3M | 0% | 14 | growing | C | |
| 37 | Tour Operators · since Seed, 2022 | Other Nov 2024 $1.5M | $6.37M | $1.42M – $21.0M | $5.18M (-19%) | $3.81M | 59% | 12 | up | D | |
| 38 | Recruitment & Job Listing Services · since Seed, 2026 | Seed May 2026 $2.3M | $21.0M | $10.5M – $48.6M | $31.9M (+52%) | $5.75M | 0% | 60 | growing | C | |
| 39 | Tech Companies · since Seed, 2025 | Seed Feb 2025 $4.6M | $79.5M | $27.1M – $121M | $79.5M (0%) | $14.3M | 0% | 52 | growing | C | |
| 40 | Software Development Services · since Seed, 2022 | Seed Jun 2022 $3.8M | $20.4M | $0.94M – $39.0M | $20.4M (0%) | $4.94M | 0% | 1 | unknown | D | |
| 41 | Financial Services · since Seed, 2022 | Seed Jul 2022 $4.3M | $46.9M | $2.34M – $71.3M | $43.5M (-7%) | $10.7M | 0% | 24 | flat | D | |
| 42 | Tech Companies · since Seed, 2025 | Seed Jun 2025 $4.2M | $22.6M | $12.4M – $41.9M | $15.1M (-33%) | $9.58M | 89% | 27 | down | C | |
| 43 | Tech Companies · since Pre-seed, 2024 | Pre-Seed Oct 2024 $4.0M | $57.5M | $11.1M – $91.8M | $55.0M (-4%) | $11.5M | 9% | 20 | flat | D | |
| 44 | Tech Companies · since Seed, 2025 | Seed Dec 2025 $3.0M | $29.9M | $14.2M – $47.9M | $27.6M (-8%) | $7.79M | 46% | 10 | growing | C | |
| 45 | Software Development Services · since Pre-seed, 2022 | Pre-Seed Mar 2022 $3.0M | $30.8M | $1.15M – $65.2M | $30.8M (0%) | $7.71M | 0% | 2 | unknown | D | |
| 46 | Loans & Financing · since Seed, 2021 | Seed Nov 2021 $2.2M | $12.7M | $0.45M – $27.3M | $12.7M (0%) | $3.98M | 0% | 4 | unknown | D | |
| 47 | Tech Companies · since Pre-seed, 2023 | Pre-Seed Jun 2023 $2.8M | $59.2M | $16.0M – $105M | $59.2M (0%) | $12.4M | 0% | 24 | growing | C | |
| 48 | Tech Companies · since Seed, 2023 | Seed May 2023 $2.7M | $61.6M | $5.09M – $93.8M | $60.9M (-1%) | $10.0M | 0% | 66 | up | D | |
| 49 | Tech Companies · since Seed, 2024 | Seed Sep 2024 $2.2M | $29.3M | $4.95M – $44.6M | $29.3M (0%) | $5.28M | 0% | 2 | unknown | D | |
| 50 | Tech Companies · since Seed, 2023 | Seed Dec 2023 $1.7M | $3.62M | $2.03M – $7.64M | $2.09M (-42%) | $3.46M | 97% | 8 | shrinking | C |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Goodwater Capital invests: stages, industries and countries
Most of its rounds are seed (40%). Its companies span 46 industries, most in Tech Companies, Payment Processing & Point of Sale and Learning, Tutoring & Courses, across 31 countries.
Rounds by stage
- Pre-seed 14
- Seed 77
- Series A 35
- Series B 29
- Series C and later 38
Investments by industry
- Tech Companies 57
- Payment Processing & Point of Sale 12
- Learning, Tutoring & Courses 6
- Investment Consultants & Financial Advisors 5
- Professional & Management Training 5
- Financial Services 4
- Groceries Delivery 4
- Loans & Financing 4
Investments by country
- United States 83
- India 15
- Indonesia 7
- United Kingdom 7
- Mexico 6
- South Korea 6
Recent rounds
Goodwater Capital's latest investments
Goodwater Capital's most recent funding rounds, newest first. 17 rounds in the last 12 months.
- Series B $280M 17 Aug 2026
- Series A $105M 13 Jul 2026
- Series A $8.5M 1 May 2026
- Series C, led $100M 16 Apr 2026
- Seed $15M 9 Apr 2026
- Series B $37M 23 Mar 2026
- Series A, led $12M 9 Mar 2026
- Series A, led $66M 23 Feb 2026
- Growth $22M 12 Feb 2026
- Series D, led $100M 3 Feb 2026
Co-investors
Goodwater Capital's top co-investors
The investors that most often join the same rounds as Goodwater Capital. Y Combinator leads, with 34 rounds together.
- Y Combinator 34 rounds together
- DST Global 10 rounds together
- Soma Capital 10 rounds together
- 9 rounds together
- Lightspeed Venture Partners 8 rounds together
- Andreessen Horowitz 8 rounds together
- Lux Capital 7 rounds together
- Valar Ventures 7 rounds together
- FJ Labs 6 rounds together
- General Catalyst 6 rounds together
About
About Goodwater Capital
Goodwater Capital, LLC is an American venture capital firm that provides venture and growth investments in consumer technology sectors. The company invests in companies across domains such as healthcare, fintech, ecommerce, social and education, housing, and transportation, and utilizes data analytics to support early-stage and later-stage companies. Goodwater Capital operates primarily in the United States and internationally.
Description from Veridion's company data.
- Founded
- 2014
- Based in
- Burlingame, United States
- Team
- 48 people, -11% in a year
- Type
- Venture capital firm
Focus markets
- Consumer Technology
- Healthcare
- Fintech
- Ecommerce
- Education
- Entertainment
- Transportation
- Housing
- Social and Education
What Goodwater Capital offers
- Venture Capital Investment Services
- Consumer Technology Investment Services
- Growth Capital Investment Services
- Seed Investment Services
- Series A Investment Services
- IPO Investment Services
- Portfolio Company Support Services
- Data Analytics Investment Services
Questions
Goodwater Capital: frequently asked questions
How many companies has Goodwater Capital invested in?
162 venture-backed companies on VCMC, across 193 funding rounds.
What are Goodwater Capital's most valuable private companies?
Toss Business ($15.4B), Monzo ($9.7B), Weee! ($4.2B), by VCMC's valuation.
What was Goodwater Capital's latest investment?
Wispr Flow, a Series B round in Aug 2026 of $280M.
Which stages does Goodwater Capital invest in?
Goodwater Capital invests most often at seed (77 rounds), followed by Series C and later (38) and Series A (35). It has also joined 29 Series B and 14 pre-seed rounds.
What is Goodwater Capital's portfolio worth?
Its private companies with a VCMC valuation are worth $72.6B together. That is the sum of the companies' values, not what Goodwater Capital owns.
Who does Goodwater Capital invest alongside?
Y Combinator (34 rounds), DST Global (10 rounds), Soma Capital (10 rounds).