Foley & Lardner Advised NEA as Lead Investor in Kindred's Latest $15 Million Funding Round

Foley & Lardner Advised NEA as Lead Investor in Kindred's Latest $15 Million Funding Round

In the latest funding round of $15 million for Kindred, Foley & Lardner LLP acted as the legal representative for NEA, the lead investor. Joining NEA were several other investors, including Andreessen Horowitz, Bessemer Venture Partners, Caffeinated Capital, and Onset Capital.

Kindred operates as a members-only home-swapping community rather than a vacation rental platform. To participate, each member must also offer their own home as a guest accommodation, which fosters trust between members as everyone has a personal stake in the exchange.

Unlike traditional vacation rental platforms, there are no nightly fees involved; instead, members only pay for cleaning and service charges. Additionally, members earn credits each time they host, further incentivising participation in the community.

With a mission to enhance the way we live, work, and play by supporting the creation of exceptional companies, NEA is a worldwide venture capital firm. Their investment strategy has a proven track record that covers all stages of a company's growth. NEA invests in emerging markets to nurture innovations, supports early-stage companies in high-growth markets, and fuels the growth of established market leaders.

Partners Louis Lehot and Lyman Thai spearheaded the Foley & Lardner team, with associates Saige Gallop and Trevor Mullin also contributing to the effort.