Goodwater Capital
Multi-stage venture firm, based in Burlingame, California, reporting $5.4B of fund assets on its funds' Form ADV filings.
Composed from this organization's classification, location and filed figures.
37 additional co-investors and affiliates, 58 additional investments, funds and LPs, 28 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 6 companiesnew in 12 months
6 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 2 dealswith DST Global
Invests most often alongside DST Global (2 shared deals) and Collaborative Fund Management (2 shared deals).
pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors → - 3 of 5enter at seed or A
Enters mostly at seed to Series A: 3 of 5 first entries on record.
rounds to 8 Jul 2026 · Tells a founder whether their round is one this firm writes.
People to know
View all people- PartnerWhy: Partner: part of the investment decisionNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
89 connected entities7 observed rounds1 dated round shown here, 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Goodwater Capital: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Goodwater Capital
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
11 companies on record, 6 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Allie AI Featured Press | portfolio listing | lead | unknown | unknown | unknown | Sep 30, 2026 | Fact Company website |
| Hupo | portfolio listing | unknown | unknown | unknown | unknown | Sep 30, 2026 | Fact Company website |
| Greenlight | portfolio listing | unknown | unknown | unknown | unknown | Sep 27, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
3 current, 0 departed
Decision makers
- Jin Oh · PartnerWhy this person: Partner: part of the investment decision; Named with investment responsibility; Led 1 round on record
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member · 1 deal attributed
- Managing Member
- Partner · led 1 round on record
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
30 vehicles, 2 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Goodwater Pacific, L.P. | Fund | 2025 form d first sale | Newly closed | unknown | unknown | $5.0M of $5.0M | Feb 20, 2025 |
| Goodwater Infinity III, L.P. | Fund | 2024 adv first reported | Early deployment | $377M Mar 26, 2026 | 91 | $0 of $400M | Oct 12, 2022 |
| Springblue B-Iii, L.P. | Fund | 2024 adv first reported | Early deployment | $45.5M Mar 26, 2026 | 1 | $0 of $40.0M | Oct 13, 2022 |
Limited partners
- 3 commitments to 3 funds · $140M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | Springblue A-V, L.P. | $60.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | Springblue a, L.P. | $50.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | Springblue B, L.P. | $50.0M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
Relationships across DFX
43 co-investors · on 2 other DFX graphs
Co-investors
- 2026-09-302 shared deals · recurring · they led 1
- 2026-09-302 shared deals · recurring
- 2026-09-302 shared deals · recurring · they led 1 · this firm led 1
Across DFX and the capital chainon 2 other DFX graphs · 56 capital paths ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Goodwater Capital is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Goodwater Capital sits on 56 traced paths of capital across the graphs.
DFX traced 56 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
33 dated events, 56 observations from 3 sources
Timeline
- Mar 26, 2026Goodwater Hydro II, L.P. first reported on Form ADV by Goodwater Capital (Venture Capital Fund), GAV $29,552,267
- Mar 26, 2026Goodwater Cascade, L.P. first reported on Form ADV by Goodwater Capital (Venture Capital Fund), GAV $191,999,713
- Mar 26, 2026Goodwater Pacific, L.P. first reported on Form ADV by Goodwater Capital (Venture Capital Fund), GAV $5,591,093
- Mar 26, 2026Springblue A-V, L.P. first reported on Form ADV by Goodwater Capital (Venture Capital Fund), GAV $61,228,132
- Mar 26, 2026Goodwater Capital V Affiliates, L.P. first reported on Form ADV by Goodwater Capital (Venture Capital Fund), GAV $7,761,620
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 26, 2026 · 29 private fundsShowHide
- Headquarters
- Burlingame, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- GOODWATERCAP.COM
- SEC adviser type
- Exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 26, 2026
- Private funds reported
- 29 (29 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $5.4Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $5.4B
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%)Both early and growth/opportunity families, reported GAV $3.9B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 26, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 26, 2024 | Fact | Form ADV |
| First Form ADV filing | 2014-08-26 | Mar 26, 2026 | Fact | Form ADV |
| First Form ADV filing | 2014-08-26 | Mar 26, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-26 | Mar 26, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-26 | Mar 26, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 26, 2026 | Fact | Form ADV |
| SEC status effective | 2014-08-26 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 26, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 26, 2024 | Fact | Form ADV |
| Business phone | Mar 26, 2026 | Fact | Form ADV | |
| Business phone | Mar 26, 2024 | Fact | Form ADV | |
| Headquarters | Burlingame, CA | Mar 26, 2026 | Fact | Form ADV |
| Headquarters | Burlingame, CA | Mar 26, 2024 | Fact | Form ADV |
| Office address | Mar 26, 2026 | Fact | Form ADV | |
| Office address | Mar 26, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Mar 26, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 26, 2024 | Fact | Form ADV |
| Private funds reported | 29 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 29 | Mar 26, 2026 | Fact | Form ADV |
| Private funds reported | 22 | Mar 26, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $5.4B | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $5.4B | Mar 26, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $3.9B | Mar 26, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 14, 2026 | Fact | Form ADV |
| Venture funds reported | 29 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 29 | Mar 26, 2026 | Fact | Form ADV |
| Venture funds reported | 22 | Mar 26, 2024 | Fact | Form ADV |
| Website | Mar 26, 2026 | Fact | Form ADV | |
| Website | Mar 26, 2024 | Fact | Form ADV | |
| Website status | unreachable “home page did not answer with HTML” | Sep 16, 2026 | Fact | |
| Website status | unreachable “home page did not answer with HTML” | Sep 13, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, confirmedShowHide
Both early and growth/opportunity families, reported GAV $5.4B
- importance
- gav: 0.83 · funds: 1 · people: 0.12 · investments: 0.39 · co investors: 0.66
- active deployment
- investments 12m: 0.75 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-07-08
- emerging manager
- fund count: 31 · reported gav: $5.4B · first adv filing: 2014-08-26 · years since first filing: 12.1
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 17.1confidence 80%Why: activity; cap table
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- LP commitment disclosed2025-12-31source on record
- Adviser's first ADV filing2014-08-26source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.