Kindred Ventures has attracted university endowments for its second fund, building on the successes of its $56m debut vehicle launched just two years ago.
Kindred Ventures, a US-based pre-seed and seed-stage venture capital firm, has collected $100m for a second fund backed by a range of unnamed university endowments, TechCrunch reported yesterday.
Limited partners, all of which were unnamed, also included foundations, fund-of-funds and strategic investors.
Launched in 2018 with a $56m fund, Kindred’s approach relies on a close relationship with company founders. It also, in some cases, assembles founding teams and incubates startups.
The firm is sector agnostic and its portfolio currently consists of 25 startups.
Kindred Ventures is unrelated to Kindred Capital, a UK-based venture capital firm that raised a $104m fund from backers including University of Chicago in September 2020.
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
