Fresh off a $153 million funding round in March 2023, South Korean digital lender and neobank Toss Bank is close to raising another $154 million (200 billion…
Goodwater, one of comparatively few firms to focus exclusively on consumer tech investments, has closed on $1 billion in capital commitments across its fifth early-stage fund and its third opportunity-style fund, TechCrunch is first to report. It also backed the Croatian math app Photomath, which Google agreed to acquire last year for an unknown amount; it bet on the cash-back offers startup DOSH, which sold to the digital advertising platform Cardlytics for $275 million in cash and stock in 2021; and it invested in the personalized vitamin company Care/of, the majority of which Bayer snapped up in 2020 for an undisclosed amount that valued the company at $225 million. Founded by veteran VCs Chi-Hua Chien, formerly of Kleiner Perkins, and Eric Kim, long of Maverick Capital, Goodwater has now backed 79 early- and growth-stage startups altogether across 19 countries.
Innovation has globalized. Over 100 cities have spawned a unicorn.
And they are leading to real exits.
Yet, Silicon Valley has not adapted to this new reality.