Insights

Foley Represents NEA as Lead Investor in Investment Round in Kindred

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.

AUTHOR(S):
POSTED:

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome.