Kindred Capital closes €88.1M second fund; will repay €5.4M to founders under ‘Equitable Venture’ model

What if a founder could become a co-owner of the fund that’s investing in their company? While it may sound a bit out of ordinary, this is exactly what the VC firm Kindred Capital envisions. The company has come up with a new model for VC and it seems to be working, as the firm has announced paying back €5.4M to founders of the companies it has invested in. The announcement comes after Kindred Capital revealed it has secured €88.1M in its second seed funding round. 

Kindred’s portfolio displays higher funding success 

Quoting Dealroom data, Kindred says, about 19% of startups that raise seed funding go on to raise Series A within 36 months. On the other hand, the firm says that 54% of its Fund I portfolio successfully raised Series A funding within 3 years, which can be attributed to the equitable venture model. 

In Fund I, Kindred Capital invested in 29 companies across Europe. Some notable investments include Five, the company creating software layer for autonomous vehicles; Paddle, which enables firms to sell their software products; Pollen, the invitation-only peer-to-peer marketplace for experiences and travel; Disperse, the AI enabled construction startup and more. Kindred has also commenced investing from its second fund with 10 seed investments in companies such as BotsAndUs, Gravity Sketch and Beit.

“We are delighted with the success of our first fund, and excited to announce that our second fund was significantly oversubscribed and which we’ve now closed at €88.1M. We originally entered the UK seed stage ecosystem with ambitious goals, to invest in around thirty high quality UK technology companies per fund, and to introduce ‘Equitable Venture’ as a totally new way of practicing our craft,” says Partner Leila Zegna.

Equitable Venture method works?

The Equitable Venture model was introduced by Kindred Capital and the company says it works. From Fund I, the company estimates that around £5m (€5.4M) will be returned to the founders, which would otherwise have gone to General Partners of Kindred. The whole model works on the idea that Kindred Capital will share its carry with the founders in which the fund invests. It offers a collective model, wherein founders are said to actively help each other achieve their goals.

Image Credits: Kindred Capital

The post Kindred Capital closes €88.1M second fund; will repay €5.4M to founders under ‘Equitable Venture’ model appeared first on Silicon Canals .

Startups – Silicon Canals

Kindred Capital VC closes €88.7 million second fund, returning around €5.4 million to founders

Today, Kindred Capital has closed its second seed fund at approx. €88.7 million. Through its ‘Equitable Venture’, the firm gives exceptional seed-stage entrepreneurs co-ownership in the fund that invested in their businesses. Since its launch in 2015, the firm has now invested in 39 technology companies across Europe and Israel, with ten of those investments…

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EU-Startups

Kindred Capital closes £81M second fund to back early-stage European startups – TechCrunch

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Facebook investor Jim Breyer picks Austin as Breyer Capital’s second home

For Jim Breyer, the mantra, “Silicon Valley is a state of mind” has always been behind Breyer Capital, his personal investment fund.

While many of his investments and board seats (which have included Facebook, Blackstone, 21st Century Fox, Dell, Etsy, Marvel Entertainment and Walmart) backed that thesis, Breyer had never established an office for his personal fund outside of the Valley. Until now. 

Earlier this year, in the middle of a pandemic, he set up a second home for his personal fund in Austin, Texas. The move is a sign of Austin’s growing clout as a technology hub and another indication that Silicon Valley, New York and Boston may have more competition from a growing collection of cities for tech talent and national attention.

Breyer has always had an eye on markets outside the Valley, but typically those endeavors meant international expansion through IDG Breyer (a vehicle for investment into China) or planned forays to deploy capital in the Middle East or other international tech hotspots.  

“The new Austin effort comes after several years of thinking through where would be the most interesting place to expand Breyer Capital outside of Silicon Valley,” he said in an interview.

Breyer has several investments in Los Angeles, New York and other cities beyond the Bay Area, but a close relationship with Michael Dell and a seat on the Dell board left him with a hankering for more than just barbecue and personal computers.

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With Happiest Minds, 77-year-old Ashok Soota hits India IPO jackpot for a second time – Deccan Herald

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