Kindred, a San Francisco-based home-swapping platform, has announced it raised $125 million in new capital to expand its community-centered travel model as more travelers seek alternatives to hotels and short-term rentals. The funding round includes a $40 million Series B co-led by NEA and Dylan Field, CEO of Figma, and an $85 million Series C led by Index Ventures.
Founded in 2021, Kindred allows verified members to swap homes by earning credits when they host others, which they can use for stays elsewhere. Today, the platform counts nearly 300,000 members across more than 150 cities worldwide and has logged roughly 350,000 nights hosted to date.
In a company blog post, co-founders Justine Palefsky and Tasneem Amina described the funding as a commitment to the platform’s long-term vision.
“This funding is a reflection of the seismic shift we’re seeing in how consumers want to live and travel,” they wrote, noting that home swapping has moved from a niche to a mainstream model as peers adopt it.
The founders emphasized that funding is more than a milestone; it’s a pledge to deepen trust, safety, and community infrastructure within Kindred’s network. They highlighted member stories that show meaningful connections and shared experiences made possible through home swapping. “By opening your doors to one another, you’ve proven that a ‘trust-first’ sharing economy isn’t just possible,” the blog said.
Kindred plans to use the capital to develop its platform and expand offerings, including ways for members to create smaller, trust-led sub-communities where they can connect with travelers in their extended networks.
The company says that by keeping homes primarily owned by members, about 90% of listings, it maintains a distinct model from traditional rental marketplaces, and aims to preserve affordability and human connection in travel.
