# Kindred Capital

Kindred Capital is a Venture Capital based in London, United Kingdom.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2016
- **Assets under management:** Under $200M (Altss estimate)
- **Website:** kindredcapital.vc
- **LinkedIn:** https://www.linkedin.com/company/kindred-capital

## Regulatory record

- **CRD number:** 285215
- **SEC file number:** 802-108847
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/285215

## About

Kindred is an early-stage venture firm that backs pioneers shaping the future. It makes high-conviction investments in mission-driven founders and runs a partner-only investment team. Since 2016 it has invested in 6–8 early-stage startups per year.

## Sectors

- Enterprise Software
- FinTech
- Digital Health
- Mobility & Transportation
- PropTech

## People

- Russell Buckley — Partner
- Mark Evans — Partner
- Chrys Chrysanthou — Partner
- Tracy Doree — Partner

## Questions

### Who runs investment decisions at Kindred Capital?

Investment decisions are made by four equal partners: Russell Buckley, Mark Evans, Chrys Chrysanthou, and Tracy Doree. The partnership operates without a central CEO or CIO title structure, functioning more like a flat partnership than a vertically managed fund. All four partners have operator backgrounds rather than pure investment banking or consulting tracks, which shapes their thesis-driven sourcing approach.

### How does Kindred Capital source proprietary deal flow?

Kindred attributes a significant portion of deal flow to its 'Equitable Venture' model, in which portfolio company founders are allocated a share of the fund's carry. This makes every backed founder an economic co-owner of the fund, incentivizing them to refer other promising founders entering their orbit. The firm has stated publicly that this network effect is its primary edge in competing for hotly contested UK seed rounds against larger multi-stage funds.

### Does Kindred Capital participate in fund commitments or only direct deals?

Kindred Capital is principally a direct investor, leading or co-leading equity rounds into startups at the seed stage. There is no public record of the firm making fund-of-funds commitments or participating as an LP in other venture firms. The firm reserves follow-on capital within its own funds to double down on top-performing portfolio companies through Series A and occasionally Series B rounds.

### What is the 'Equitable Venture' model and how is it structured legally?

Under this model, each portfolio company founder receives a share of the fund's carried interest as part of their investment terms, making them co-owners of the fund's upside economics. This is legally structured through a designated founder LP class within the fund's partnership agreement. It is not a shared equity pool across portfolio companies — each founder's participation is linked to the specific fund that backed their startup, not across all Kindred funds.

## Related profiles

- [Kind Financial](https://altss.com/profile/kind-financial)
- [Kindred Ventures](https://altss.com/profile/kindred-ventures)

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Last updated: 2026-08-11T15:07:12.582Z

Canonical page: https://altss.com/profile/kindred-capital

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