Ex-Kleiner Perkins partner raising third fund for consumer firm

Goodwater Capital, co-founded by ex-Kleiner Perkins partner Chi-Hua Chien and Eric Kim, formerly of Maverick Capital, is raising a third venture capital fund with a target of $350 million, according to an SEC filing.

Why it matters: The firm's latest fund is its largest yet, showing that there's an ever-present appetite for investing in consumer startups.