University of Chicago is among the limited partners for Kindred Capital’s second fund, which will invest in early-stage European startups.
UK-based venture capital firm Kindred Capital has closed an £81m ($104m) fund thanks to limited partners including University of Chicago, TechCrunch reported yesterday.
Insurance provider Legal & General has also invested in the fund, as have Industry Ventures, Generation Ventures, Sands Capital, British Patient Capital, Isomer Capital and private investors Taavet Hinrikus, Carsten Thoma and Rishi Khosla.
The fund will focus on seed-stage startups in Europe, operating a model the firm has dubbed equitable venture whereby the founders it backs will receive carry in the fund and, once the LPs have their investment returned, also share in any profits.
The firm has already led 10 investments from its second fund.
Kindred previously closed its first fund in early 2018 at a similar amount in pounds sterling, though a weakened pound since then means those £80m were worth $110m.
That fund invested 29 startups, such as…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
