Kindred, a San Francisco, CA-based provider of a members-only home swapping network, raised $15M in Series A funding.
The round was led by New Enterprise Associates, with participation from existing investors Andreessen Horowitz, Caffeinated Capital, Bessemer Venture Partners, and Outset Capital, and welcomed new individual investors such as Evan Moore, and Dylan Field.
The company intends to use the funds to scale community-driven home swapping in North America and Europe, expanding across core cities in North America in major markets including New York City, Los Angeles, Miami, San Francisco, Mexico City, and more, and launching in several major European cities later this year, as well as to invest in its mobile app, build out its matchmaking technology and help members discover new home swap opportunities.
Founded by Justine Palefsky and Tasneem Amina in 2021, Kindred is a members-only home swapping network that harnesses its community for a lifestyle with travel and human connection. By exchanging their homes and apartments with peers, both renters and owners alike can access the opportunity to travel between vetted, off-market homes.
Since launching its private beta last spring, Kindred has received 20,000 membership applications, largely from primary residences instead of investment homes.
FinSMEs
20/04/2023