Opendoor Alums Raise $15M For Kindred, A Home-Swapping Network

Apr 19, 2023•over 2 years ago

Amount Raised

$15 Million

San FranciscoOther

Investors

Opendoor AlumsFigma Ceo Dylan FieldFormer Khosla Investor Evan MooreOutset CapitalBessemer Venture PartnersCaffeinated CapitalAndreessen HorowitzNew Enterprise AssociatesTasneem AminaJustine Palefsky

Description

The concept of taking existing properties and repurposing them is not a new one. After all, Airbnb is a high-profile example of people turning vacation homes, for example, into revenue generators when they’re not using them. The end result is that travelers have far more options today than they used to when choosing where to stay.

Company Information

Company

Kindred Concepts, Inc

Location

San Francisco, California, United States

About

Kindred is building a members-only network to allow people to essentially exchange homes. The idea is that the network is a “trusted” one so that members can feel comfortable in swapping homes. Interestingly, no money is exchanged between members, who pay Kindred a fee to have the ability to allow someone to stay in their home, and vice versa.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends