European investor Kindred Capital raises $105 million - Business Insider

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Kindred Capital, a European tech investor which shares profits with founders, has raised a $105 million second fund

London-based early stage fund Kindred Capital has closed its second fund at £81 million .

"We're a very founder-led firm, we focus on people," Leila Zegna, general partner at Kindred, told Business Insider in an interview. "COVID-19 has reinforced that for us. The only constant in any business is change and we have an increasing conviction in founders who embraced that concept of change.""We're a very founder-led firm, we focus on people," Leila Zegna, general partner at Kindred, told Business Insider in an interview.

"We want to identify the most ambitious founders in Europe," she added. "Rather than have four partners turning over every stone we have 90 or so founders working with us. In retrospect it might look like we've invested in three or four themes but really the best founders become a magnet for other talent and serve as a concentric pull to other potential founders."

While the coronavirus pandemic forced in-person interaction to move online, Zegna said the experience of securing the second close of the second fund while dealing with new and existing investments helped crystallize the firm's approach. "We were able to take a step out from a role as general partner and look to what our LPs saw. They had more proof points of when the rubber meets the road, what are these investors like in a challenging period. That's been a net positive.

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