Authorization

2 Kindred Capital partners discuss the firm’s focus and equitable venture model

Kindred Capital, the London-based VC that backs early-stage founders in Europe and Israel, recently closed its second seed fund at ?81 million.
Out if its first fund raised in 2018, the firm has backed 29 companies. They include Five, which is building software for autonomous vehicles; Paddle, SaaS for software e-commerce; Pollen, a peer-to-peer marketplace for experiences and travel; and Farewill, which lets users create a will online.
However, what sets Kindred apart from most other seed VCs is its “equitable venture” model that sees the founders it backs get carry in the fund, effectively becoming co-owners of Kindred. Once the VC’s LPs have their investment returned, along with the firm’s partners, the portfolio founders share any subsequent fund profits.
To learn more about Kindred’s investment focus going forward and how its equitable venture model works in practice, I caught up with partners Leila Rastegar Zegna and Chrys Chrysanthou. We also discussed closing deals remotely and how the VC approaches diversity and inclusion.
TechCrunch: Kindred Capital backs seed-stage startups across Europe and in Israel. Can you elaborate a bit more on the fund’s remit, such as sector or specific technologies, and what you look for in founders and startups at such an early stage?
Rastegar Zegna: As a fund, we are very focused on the founder(s), so everything starts there. We try to drill down and get to know them as people and leaders, first and foremost. Do they have what it takes to get the company off the ground, the resilience to get through the inevitable ups and downs of startup life and through the scaling years to make this a massive outcome for the team and the investors?
The second element we spend time thinking about is the market itself and how big the company can grow within the constraints of that market. We also think deeply about the timing of the business, especially if they are trying to create a new market, such as in quantum computing, for example.

Kindred Capital closes ?81M second fund to back early-stage European startups
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Ноябрь 2021    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
2930