Kindred , the American platform specializing in home exchanges between individuals, has announced that it has raised a total of $125 million. This funding round aims to support the company's development and the expansion of its model into new markets.
Summary
A two-stage fundraising campaign
According to information released by Kindred, this funding consists of two successive rounds. A first Series B round, amounting to $40 million, was co-led by the NEA fund and Dylan Field, founder of Figma. This was followed by an $85 million Series C round, led by Index Ventures.
The company states that this funding round values Kindred at several hundred million dollars, without disclosing a specific figure. The funds raised are intended to support the platform's growth, invest in technology, and strengthen the member community.
A model based on exchange and residence credits
Founded in 2021, Kindred offers a home exchange model based on a credit system. Members can make their homes available and accumulate credits that allow them to stay in other properties, without the obligation to exchange them simultaneously.
The company emphasizes a trust- and community-based approach, with selection and matching processes between members that it presents as structuring for its development.
A growing international presence
Kindred states that it is now present in more than 150 cities worldwide and claims approximately 300,000 members. The company asserts that it has recorded several hundred thousand overnight stays since its launch, without providing audited data.
In its communications, the platform specifies that Europe is one of its development priorities, alongside its historical North American market.
A home exchange market is emerging
This fundraising comes amid a renewed interest in collaborative housing models. Housing exchange is presented by its proponents as an alternative based on the use of existing properties and community-oriented principles.
For tourism professionals, the evolution of these platforms confirms the progressive diversification of accommodation options and the emergence of models that complement traditional offerings.
Sources
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