Goodwater Capital

Goodwater Capital is a venture capital investment firm based in Burlingame, California, founded in 2014. The firm focuses on empowering exceptional entrepreneurs across various sectors, including housing, financial services, healthcare, food, transportation, education, and consumer technology. Goodwater believes that consumer technology has the potential to revolutionize culture and the global economy, and it seeks to invest in promising entrepreneurs who are dedicated to solving significant societal challenges. By supporting these innovators, Goodwater Capital aims to create a measurable positive impact on billions of lives worldwide.

Chi-Hua Chien

Co-Founder and Managing Partner

Daryl Hansen

Investor

Sophie Hoffman

Investor

Coddy Johnson

Partner

Hatim Khety

Venture Investor

Danielle Kling

Operating Partner

Adam Levinson

Vice President of Investing Platform

Yao Li

Principal

Jin Suk Oh

Partner

Michael Sidgmore

Venture Partner

Vivek Subramanian

Partner and Chief Product Officer

Nathan Tien

Principal

Past deals in Video Games

Liminal Experiences

Seed Round in 2025
Liminal is a new UGC game for creating narrative action role-playing games with the vision of making the world a more creative place. By fusing two interconnected game modes—a joyful creation experience and socially immersive adventure gameplay—they hope to inspire creativity and storytelling.

welevel

Seed Round in 2025
Welevel is a game development company focused on creating immersive gaming experiences tailored for enthusiasts. The company specializes in developing AAA games that utilize advanced technology, particularly Unreal Engine 5, to enhance gameplay through thrilling exploration and sophisticated construction features. By designing open-world, next-generation real-time strategy games for the metaverse, Welevel empowers players and content creators to generate and trade new content, fostering an environment where players can earn while enjoying their gaming experience.

Magic Potion Games

Pre Seed Round in 2024
Magic Potion Games is a computer gaming company that offers an online space for social gaming.

Reforged Labs

Seed Round in 2024
Reforged Labs is breaking ground with the launch of its first-of-its-kind AI-powered video creation service, designed specifically for indie and small game studios. We are automating what has long been an expensive and time-consuming creative process, replacing it with lightning-fast delivery of cost-effective video ads tailored to each studio’s marketing needs. At the core of this service is Reforged Labs’ proprietary AI engine, trained by analyzing thousands of high-performing game ads in its reference library. Studios can select from a streamlined ‘storefront’ of ad templates modeled after the opening hooks, content format, and narrative flows from successful ads for games similar to their own. Game developers simply upload gameplay recordings and Reforged Labs’ AI will identify key scenes and moments that showcase the game’s most impactful features and designs. Reforged Labs delivers finished ads in less than 24 hours, saving game studios both time and money. We’re a small and nimble team with backgrounds from Google, Microsoft, and Harvard, and we’re backed by world-class investors, including DCM, Y Combinator, the founder of King and Sky Mavis, and executives from Niantic and Pocket Gems.

Champions Round

Series A in 2023
Champions Round, Inc. is a gaming application developer specializing in football and esports, based in Los Angeles, California. Founded in 2018, the company offers an online sports platform that enhances the spectator experience for fans, particularly targeting Gen Z. Its application allows users to participate in fantasy leagues and tournaments, answer live questions, earn points, and win cash prizes. By enabling users to join leagues without the need for group assembly, Champions Round lowers barriers to entry and fosters greater engagement among sports fans. The application is accessible via the App Store, providing a user-friendly interface for players to learn about the games while enjoying the competitive aspects of fantasy sports.

Magnetic

Venture Round in 2022
Magnetic is developing the next generation of puzzle games.

Roforco

Venture Round in 2022
Roforco operates a Roblox game accelerator designed to enhance the success of games through funding, resources, and hands-on support. Founded by YCombinator alumni Artem and Brain, the company has a strong background in game development, having collaborated on numerous top-grossing titles that collectively achieved over 2.74 billion plays and downloads. Previously functioning as a game studio, Roforco's portfolio reached significant milestones, including 10 million monthly active users and 16,000 concurrent users. The company has partnered with notable brands, such as Unilever, creating branded games that garnered over 50 million plays. In 2022, Roforco gained recognition by joining YCombinator's startup accelerator, subsequently securing $1.5 million in seed funding from prominent investors, including industry leaders from Activision and other tech firms. Based in San Francisco, Roforco aims to connect game creators with influencers and provide data-driven support to enhance player engagement, retention, and revenue.

TapIn

Venture Round in 2022
TapIn is an online platform that facilitates connections between creators and their fans through gaming. It allows users to engage in both free and paid games, enhancing the interactive experience for players. The platform enables gamers to compete against one another and find compatible teammates across various gaming environments, thereby enriching their overall gaming experience. By fostering community and competition, TapIn aims to create an enjoyable and engaging atmosphere for players worldwide.

Bluejay Games

Venture Round in 2022
Bluejay Games is a developer of mobile arcade games that integrates a play-to-own model using cryptocurrency and non-fungible tokens (NFTs). The company focuses on creating a web3 ecosystem where users can engage in competitive gameplay while earning, buying, selling, evolving, and fusing NFT collectibles. This approach allows players to enhance their gaming experience, improve their chances of winning, and make in-game purchases that contribute to their overall progress. By combining traditional arcade elements with blockchain technology, Bluejay Games aims to provide a unique gaming experience centered around user ownership and interaction within a digital marketplace.

Azuki

Pre Seed Round in 2022
Azuki is an all-you-can-read subscription service for Japanese comics, also know as manga. We make it easy for fans to keep up with their favorite series through unlimited digital access.

Graphic India

Venture Round in 2022
Graphic India Pte. Ltd. is a character entertainment company focused on creating leading characters, comics and stories through mobile and digital platforms. Founded by media entrepreneurs Sharad Devarajan, Gotham Chopra and Suresh Seetharaman, Graphic India is owned by U.S. comic book Company, Liquid Comics and CA Media LP, the Asian investment arm of The Chernin Group, LLC (TCG). The company’s partners and investors bring together decades of experience in building businesses in character entertainment, media and India. Graphic believes that India is home to some of the most creative talent in the world, with more than 500 million people under the age of 25 and more than 850 million mobile phone users in the country. The Company’s mission is to create enduring stories and heroes that foster the imaginations and fuel the inspirations of a new globalized generation of youth in both India and around the world. Graphic’s stories include, Ramayan 3392A.D., The Leaves and The Sadhu, in development as Hollywood films; 18 Days, a reimagining of the great eastern epic, the Mahabharata, by acclaimed graphic novel creator, Grant Morrison which was launched as an animated digital series in partnership with YouTube India; Devi, a female superhero from acclaimed filmmaker, Shekhar Kapur; Chakra The Invincible, the first superhero for India from legendary creator Stan Lee; and numerous other heroes and stories.

TriplePlay

Seed Round in 2021
TriplePlay is a virtual social network where users may meet new people through engaging games. Founded in 2020 and is based in Toronto, ON.

Z League

Series A in 2021
Z League operates a skill-based tournament platform designed for casual gamers, allowing players of all skill levels to participate in competitive gaming. The online platform hosts live tournaments and battle royale competitions, enabling participants to track their progress and earn rewards for achieving milestones. By focusing on fair and engaging gameplay, Z League aims to create an accessible and enjoyable environment where gamers can compete meaningfully and connect with others. This initiative enhances the gaming experience by providing opportunities for players to challenge themselves and enjoy the thrill of competition.

TriplePlay

Venture Round in 2021
TriplePlay is a virtual social network where users may meet new people through engaging games. Founded in 2020 and is based in Toronto, ON.
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