Kindred Raises $125 Million to Scale Global Home-Swapping Platform and Build Trust-Led Travel Communities

New updates have been reported about Kindred.

Kindred has secured $125 million in new capital to accelerate its expansion as a global home-swapping platform and position itself as a mainstream alternative to hotels and short-term rentals. The financing combines a $40 million Series B co-led by NEA and Figma CEO Dylan Field with an $85 million Series C led by Index Ventures, signaling strong investor conviction in Kindred’s model and growth trajectory. Founded in 2021, the San Francisco-based company has grown to roughly 300,000 members across more than 150 cities, adding about half of that base in 2025 alone, and has facilitated nearly 350,000 hosted nights in key markets including New York, London, Los Angeles, Barcelona, Mexico City, and Paris. CEO and co-founder Justine Palefsky frames Kindred as a “third option” in travel—peer-to-peer home swapping—designed to lower accommodation costs at a time of rising travel and housing expenses, typically pricing stays at roughly one-tenth the cost of comparable short-term rentals via service fees of about $20–$45 per night.

The fresh funding will be deployed to deepen Kindred’s product capabilities, trust and safety infrastructure, and a new strategic focus on building interconnected, trust-led sub-communities, allowing members to swap homes within extended networks or around shared interests and values. Kindred’s give-to-get model is non-commercial—nights and credits cannot be bought or sold—and more than 90% of listed homes are primary residences, a stance the company argues both preserves local housing stock and differentiates it from traditional rental marketplaces. Palefsky and investors, including Index Ventures partner Vlad Loktev, describe the platform as enabling a “real sharing economy,” in which increased willingness to share homes unlocks more affordable travel and a more community-centric experience. Over the coming year, Kindred aims to consolidate its position as the leading global home-swapping platform by scaling membership, reinforcing safety and trust standards, and formalizing its ecosystem of sub-communities, with the goal of making home swapping a mainstream, durable category within the broader travel and hospitality market.