Fenwick represented Kindred, a members-only home swapping network, in its $15 million Series A financing. The round was led by New Enterprise Associates, with participation from existing investors Andreessen Horowitz, Caffeinated Capital, Bessemer Venture Partners and Outset Capital, as well as several new individual investors such as Evan Moore (former Khosla investor) and Dylan Field (Figma CEO).
Kindred will use the new capital to expand across core cities in North America and launch in several major European cities later this year. The company will also continue to invest in its mobile app, building out its matchmaking technology and helping members discover new home swap opportunities. More information can be obtained from the company’s announcement.
The transaction team was led by corporate partner Kristine Di Bacco and included associates Jessica He, Brooke Longhurst and Jennifer Pesce.