Foley & Lardner LLP recently represented NEA as lead investor in Kindred’s $15M funding round. NEA was joined by additional investors Andreessen Horowitz, Bessemer Venture Partners, Caffeinated Capital, and Onset Capital.
Kindred is a members-only community for home swapping, not a vacation rental platform. Each member must host their own home to stay as a guest, increasing trust between members since everyone has skin in the game. There are no nightly fees – only the cost of cleaning and service charges – and members earn credits each time they host.
NEA is a global venture capital firm with a mission to make the world better by helping founders build great companies that improve the way we live, work, and play. NEA’s proven investment strategy spans all stages of a company’s growth, from seeding innovations in emerging markets to funding early-stage companies in high-growth markets to fueling the growth of market leaders.
The Foley team was led by Partners Louis Lehot and Lyman Thai and included Associates Saige Gallop and Trevor Mullin.