Kindred Ventures raises approximately 227 million dollars across two early-stage venture capital funds in San Francisco to back outlier founders in AI and fintech

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San Francisco-based venture capital firm Kindred Ventures has successfully raised approximately $227 million across two separate funds, according to recently filed S.E.C. documents.

This funding marks another step in the firm’s ongoing mission to back early-stage startups with high-impact potential.

The filings, both dated February 6, 2026, provide a clear snapshot of the fundraising effort.

Kindred Ventures IV, L.P. raised $190 million toward a $230 million target, while Kindred Selector II, L.P. secured $37 million out of a planned $100 million.

The documents also name Steve Jang and Kanyi Maqubela as key figures involved in the fundraising.

A Focus on Outlier Founders

Kindred Ventures has carved out a reputation for identifying and supporting founders operating in unconventional spaces or emerging markets.

The firm specifically targets early-stage companies in sectors like artificial intelligence, cryptocurrency, fintech, digital health, and consumer marketplaces.

Their portfolio includes some of the biggest names in tech and healthcare innovation.

Early-stage investments have included Uber, Coinbase, Tala, Heartbeat Health, Humane, Color Health, Zora, and Tonal.

These successes have helped position Kindred Ventures as a go-to investor for disruptive startups seeking capital at the very beginning of their journey.

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Who’s Backing the Funds

While exact details of the current limited partners (LPs) have not been disclosed, past investors have included notable names such as Bracket Capital and SK Networks.

These LPs have previously shown confidence in Kindred’s ability to identify high-growth potential startups in both conventional and frontier markets.

The dual-fund approach allows the firm to balance broad-scale investments with more selective bets on standout opportunities.

By spreading its focus, Kindred can nurture both emerging tech startups and niche frontier-market ventures.

The Numbers Behind the Raise

The combined total of $227 million demonstrates strong investor confidence despite some shortfalls relative to initial fundraising targets.

Kindred Ventures IV, L.P. fell $40 million short of its $230 million goal, and Kindred Selector II, L.P. still has $63 million to reach its $100 million target.

However, industry analysts note that partial fund closes are common and allow VCs to begin deploying capital while continuing to attract additional investors.

This strategy is particularly relevant in the current venture capital landscape, where early-stage opportunities are competitive and the pressure to move quickly on promising startups is high.

What’s Next?

With these funds secured, Kindred Ventures is likely to continue scouting innovative startups, particularly in frontier technology sectors.

Investors will be watching to see which early-stage companies the firm backs next, and how these investments perform over time.

Additionally, the firm may look to close the remaining capital for both funds in the months ahead, potentially drawing in new LPs interested in high-risk, high-reward opportunities.

The market will also be curious whether Kindred continues its tradition of finding outlier founders in unconventional regions, potentially shaping the next wave of disruptive technology companies.

Summary

Kindred Ventures, a San Francisco-based early-stage venture capital firm, has raised approximately $227 million across two funds: Kindred Ventures IV, L.P. ($190 million of $230 million target) and Kindred Selector II, L.P. ($37 million of $100 million target).

The firm, led by Steve Jang and Kanyi Maqubela, focuses on outlier founders in frontier tech areas including AI, crypto, fintech, digital health, and consumer marketplaces.

Past investments include Uber, Coinbase, Tala, Heartbeat Health, and Tonal.

Known LPs include Bracket Capital and SK Networks.

The funds will support continued early-stage investments while Kindred works to close remaining capital commitments.