Home Swapping Site Kindred Nabs $125 Million

<p><strong><span class&equals;"legendSpanClass">SAN FRANCISCO <&sol;span><&sol;strong>&&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;edge&period;prnewswire&period;com&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4609252-1&amp&semi;h&equals;1119030221&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Flivekindred&period;com&percnt;2F&amp&semi;a&equals;Kindred" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Kindred<&sol;a><&sol;u>&comma; the global home swapping platform&comma;  has raised &dollar;125 million over two rounds to scale its growth as a community-driven travel alternative to hotels and short-term rentals&period;<&sol;p>&NewLine;<p>The investment reflects growing momentum behind Kindred&&num;8217&semi;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&comma; enabling people to swap homes with friends-of-friends or existing trusted networks&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Travel has long been dominated by two options&colon; hotels and short-term rentals&comma;&&num;8221&semi; said Justine Palefsky&comma; Co-Founder and CEO of Kindred&period; &&num;8220&semi;Peer-to-peer home swapping is emerging as the third option&comma; and it&&num;8217&semi;s no longer niche&period; Our momentum signals that home swapping has become a global movement&comma; and this funding allows us to build Kindred not just as a product&comma; but as a social travel platform rooted in trust&comma; generosity&comma; and belonging&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Founded in 2021&comma; 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&period; Today&comma; the platform has grown to almost 300&comma;000 members across 150&plus; cities&comma; adding 150&comma;000 members in 2025 alone&comma; with almost 350&comma;000 nights hosted to date&period; Top destinations on the platform include New York City&comma; London&comma; Los Angeles&comma; Barcelona&comma; Mexico City&comma; and Paris to name a few&period; Kindred service fees average &dollar;20–45 per night&period;<&sol;p>&NewLine;<p>The funding includes a &dollar;40 million Series B round co-led by NEA and Dylan Field&comma; CEO of Figma&comma; and an &dollar;85 million Series C led by Index Ventures&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Kindred&&num;8217&semi;s model meets the moment&comma;&&num;8221&semi; Palefsky added&period; &&num;8220&semi;It radically lowers the cost of travel&comma; often to around a tenth of the cost of traditional accommodations&comma; while easing pressure on local housing markets&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Kindred facilitates only non-commercial exchanges&comma; meaning nights or credits can&&num;8217&semi;t be bought or sold&period; As a result&comma; over 90&percnt; of homes on Kindred are members&&num;8217&semi; primary residences&comma; unlike short-term rental marketplaces&period; While members pay to access the service&comma; no money is exchanged between hosts and guests&period;<&sol;p>&NewLine;<p>&&num;8220&semi;When travel is built on exchanging nights between peers instead of renting from commercial businesses&comma; travel becomes more human&comma; and homes stay on the market for locals&comma;&&num;8221&semi; Palefsky continues&period;<&sol;p>&NewLine;<p>The capital will be used to evolve Kindred&&num;8217&semi;s community experiences and offerings&comma; including allowing members to build out new&comma; trust-led sub-communities where they can open their homes to others within their extended networks&comma; or with whom they share common interests or values&period;<&sol;p>&NewLine;