5 years ago

Kindred Closes £81m Seed Fund for European Startups

  • Kindred, a London-based VC firm, has closed its second seed-stage fund of £81m to invest in European founders

  • Kindred has pioneered the ‘equitable venture’ model, setting aside 20% of its carry to allocate to founders in its portfolio

  • This means every founder the firm invests in has a vested interest in the success of the fund, and every founder shares the success of every other founder in the portfolio

  • Kindred is also an equal partnership and a partner-only firm, meaning that there are no associates or analysts on the team

  • The partners have committed an unusually large chunk of capital to the fund, amounting to 12% of the total.

      • ProblemTechnology Infrastructure

      "Startups in Europe lack access to funding and mentorship, especially at the early stage. Founders need access to a network of experienced operators to guide them through the challenges of building a successful business."

      Solution

      "Kindred is a venture capital firm that invests in seed-stage startups in Europe. They offer a unique “equitable venture” model where founders receive 20% of the fund's carry. This incentivizes founders to share knowledge and collaborate with each other. Kindred also provides access to a network of experienced advisors who can offer guidance and support."

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