Portfolio
3
companies
Jitty
Jitty develops artificial intelligence software to modernise the property-buying process.
Monzo
Monzo provides digital banking services through a mobile application.
Oto
Oto provides a mobile app and digital therapy solution for managing tinnitus.
Chi-Hua Chien
Co-Founder and Managing Partner
Chi-Hua is the co-founder and managing partner at Goodwater Capital. He brings investment and board experience from companies including Monzo Bank and TikTok.
LinkedInThe seed round was led by REA Group and will support nationwide expansion and product development.
"This investment marks a huge moment for Jitty. We’ve seen fantastic growth since launch, and this funding lets us accelerate our rollout, expand our partnerships, and double down on our mission to build the future home-buying experience. We’re thrilled to welcome REA Group as partners; their global expertise and commitment to innovation will be invaluable as we scale."
The oversubscribed seed round was led by Octopus Ventures with backing from Goodwater Capital, Y Combinator, Calm Storm Ventures and Bethnal Green Ventures.
"Tinnitus currently affects around 50 million people in the US and UK, of which 20 million have intrusive tinnitus, a condition that can severely impact an individual’s life. For many this is a condition that they have little choice but to ‘learn to live with’. The Oto team, however, refuse to habituate and instead are providing a 10x cheaper and more convenient way to help people manage their condition. Though they probably don’t complain, we all know someone who suffers from tinnitus and have seen the effects it can have on an individual’s life. This is one of the reasons we wanted to support George, Ed and the entire Oto team as they tackle the market and provide an innovative digital solution to a long overlooked issue"
The digital bank secured £60m from new and existing backers, bringing its total funds raised this year to £125m.
"“From the beginning, Monzo has been creating a new kind of bank that’s giving people more oversight and control over their finances than ever before.“"
The digital bank has raised roughly £60m from a syndicate of existing and new investors.
The digital bank raised the capital from backers including Latitude and Stripe, pushing its valuation past £2bn.
"We’ve seen [this approach] in other products such as social networks or consumer apps, but it’s unheard of in banking."
