SAN FRANCISCO, CA, Kindred, the global home swapping platform, today announced it has raised $125 million to scale its growth as a community-driven travel alternative to hotels and short-term rentals.
The funding includes a $40 million Series B round co-led by NEA and Dylan Field, CEO of Figma, and an $85 million Series C led by Index Ventures.
Founded in 2021, Kindred is a global, members-only home swapping platform of 300,000 members that allows verified members to swap homes through a radically more accessible, responsible, human travel experience - unlocking a more meaningful way to see the world. Kindred revolutionized a third option of accommodation compared to hotels and short-term rentals. 90% of Kindred's inventory is people's primary residences, uniquely positioning it within the travel accommodation market. Kindred service fees average $20-45 per night- meaning a stay costs roughly one-tenth of a short-term rental in a comparable home.
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