Electronics

Members-only home swap network Kindred wins $ 775M

Members-only home swapping startup Kindred We have landed a $ 7.75 million seed funding round to give owners and renters the flexibility to work from anywhere.

Andreessen Horowitz leads the round with Bessemer Venture Partners and Caffeine Capital, private investor Erad Gil, Opendoor co-founder and CEO Eric Wu, and Classpath founder Payal. Kadakia, Clubhouse Co-Founder, CTO Rohan Seth and Dibby Holmes Co-Founder and CEO Adena Hefets.

Founded in 2021 by Justin Palevsky and Tasny Amina, Kindred’s Home Swapping Network provides a member-only community with a new way to travel without paying expensive vacation rentals.

Kindred homeowners and renters can earn nights to book their stay by exchanging homes directly or by offering homes while they are away. The annual membership fee is $ 300, and according to Kindred, Airbnb costs less than five nights. Travelers are not responsible for rental fees and only pay for cleaning and a service fee of $ 30 per night. Each stay also includes concierge support and host protection.

According to Kindred, the model focuses on sharing rather than monetization, without removing homes from the market or raising home prices.

“Currently, vacation rental prices are skyrocketing, making frequent trips and long stays out of reach for many. With Kindred, your budget goes even further,” Kindred said. Founder and President Amina said.

“We started Kindred with the goal of not only escaping our trips from time to time, but also making it a way of life. We look forward to helping individuals get out of their daily lives while exploring new places. “

Palefsky, Co-Founder and CEO of Kindred, said: Everyone in Kindred came for the same reason-to live a more travel-rich lifestyle. By promoting organic connections between members who share experiences and mutual friends, we are creating the environment of trust needed to make a leap forward. “

Friendly home swaps are available in New York, Los Angeles, Miami, Mexico City, Denver, Vancouver and San Diego.

https://www.phocuswire.com/members-only-home-swapping-network-kindred-raises-8-million Members-only home swap network Kindred wins $ 775M

Back to top button