VC Firm Kindred Ventures Seeks $200M for Fourth Fund

Bay Area VC Kindred Ventures is aiming to raise $200M for its fourth flagship fund, according to a February 6 filing with the SEC.

Sale of interests in Kindred Ventures IV are yet to start, and fundraising is not planned to last more than a year, the firm disclosed. The fund's predecessor, Kindred Ventures III, also targeted $200M but was closed alongside Kindred Ventures' first opportunity fund with total capital commitments of $312M.

The technology-focused venture capital firm targets opportunities in startups' earliest rounds of financing, particularly pre-seed and seed-stage stages. It focuses on startups in various tech-related sectors, including artificial intelligence, climate tech, financial technology and mobility and logistics.

According to its website, the San Francisco-based firm has invested in more than 100 startups, amassing a portfolio with a combined market capitalization surpassing $20B. Companies the firm has supported through the years include Alliance, Animoto, Bloomcredit, Coinbase, Housable, LinearLabs and Uber.