Kindred, a global home swapping platform, has raised $125 million in funding, comprising a $40 million Series B co-led by NEA and Figma CEO Dylan Field, and an $85 million Series C led by Index Ventures. Founded in 2021, Kindred has grown to nearly 300,000 members across over 150 cities, adding 150,000 members in 2025 alone. The platform has facilitated almost 350,000 nights of accommodation to date. Unlike short-term rental marketplaces, over 90% of homes on Kindred are primary residences, with no monetary exchange between hosts and guests. The funding will support development of trust-led sub-communities, allowing members to swap homes within extended networks. Service fees average $20–45 per night, roughly one-tenth the cost of comparable short-term rentals.

/PRNewswire/ -- Kindred, the global home swapping platform, today announced it has raised $125 million to scale its growth as a community-driven travel...

New data shows rising prices and growing frustration with traditional lodging are pushing travelers toward smarter, community-driven optionsNEW YORK, May 13, 2025 /PRNewswire/ -- Summer travel isn't canceled – it's just getting a smarter upgrade. Today, Kindred , a global home-swapping community, released its 2025 Summer Travel Report, offering a closer look into how Americans are navigating rising costs and shifting their approach to vacations. With the average getaway now costing $259.20 more per person – and frustration mounting with traditional lodging, as 84% of hotel guests and 84% of short-term rental users report pain points with their experiences – Americans are doubling down, making more intentional, creative choices to maximize their travel budgets.The report reveals that 90% of U.S. travelers are actively looking for ways to cut back on summer travel spending. Among the top strategies: staying with friends or family (41%), finding more cost-effective accommodations (40%), opting for staycations (26%). Notably, 12% are turning to home swapping – a rising trend in the U.S