Sectors
Foley & Lardner LLP represented New Enterprise Associates (NEA) as a lead investor in the $40 million Series B funding round for Kindred, a global home-swapping platform. NEA was joined by Dylan Field, CEO of Figma, as co-lead investor.
Founded in 2021, Kindred was built to make travel more accessible at a time when rising costs and housing pressures have reshaped how people move around the world. Today, the platform has grown to almost 300,000 members across 150+ cities, adding 150,000 members in 2025 alone and counting to date almost 350,000 nights hosted.
The investment reflects growing momentum behind Kindred’s give-to-get model powering its next phase of growth as the product evolves from one home swapping community to a platform of interconnected sub-communities, enabling people to swap homes with friends-of-friends or existing trusted networks.
NEA is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. NEA invests in technology and health care companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions.
The Foley team was led by partners Louis Lehot and Lyman Thai and included associates Saige Gallop and Trevor Mullin.
