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Venture Capital
kindredcapital.vc

Investments

72

Portfolio Exits

5

Funds

7

About Kindred Capital

Kindred Capital is a venture capital firm that invests in early-stage and late-stage companies. It invests in all sectors with a focus on consumers as well as b2b businesses. The company was founded in 2015 and is based in London, U.K.

Headquarters Location

44-46 Sekforde Street First Floor

London, England, EC1R0HA,

United Kingdom

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Latest Kindred Capital News

PURAFFINITY, THE PFAS REMOVAL SPECIALIST, RAISES $13.9M IN SERIES A FUNDING LED BY OCTOPUS VENTURES

Sep 8, 2023

Puraffinity, which develops precision technology for the removal of PFAS ‘forever chemicals’ across multiple water treatment applications, has raised $13.9m in Series A funding. The round was led by Octopus Ventures, with participation from existing investors Kindred Capital, HG Ventures, Verve Ventures and Acequia Capital. Materials science sector specialist fund Universal Materials Incubator Co (UMI) also joined the round. This investment allows Puraffinity to scale up its operations and transition from being an R&D focussed organisation to being a full commercial entity. Puraffinity will invest in manufacturing, accelerate its commercial business as well strengthen its R&D capabilities to develop new products. Additionally, a dedicated £700k was invested from a new Investor Partnership grant by Innovate UK called Future Economy focused on Net Zero aligned companies. The fundraise will also allow the company to grow its team from 20 to more than 40 and build out its IP base with a rapidly growing patent and trademark portfolio. “We are delighted to be working with Octopus Ventures,” said Puraffinity CEO Henrik Hagemann. “I have been hugely impressed with their deep tech expertise and their focus on people. There is no time to waste in dealing with the ‘forever chemical’ contaminants that have population-wide health implications. This funding round is aimed at addressing the need to have a sustainable material that tackles PFAS removal with improved efficiency to aid the destruction of PFAS.” PFAS (Per-and polyfluoroalkylated substances) comprise of approximately 9000 different human-made compounds. For over 60 years PFAS were used in the manufacturing of many products which led to their widespread release into the environment. The fundamental properties of PFAS makes them extremely resistant to natural degradation and they are often referred to as ‘forever chemicals’. They are hard to treat and, in many cases, conventional technologies cannot meet removal demands. Overwhelming evidence has connected PFAS to severe health effects, such as several types of cancer and compromised immune responses. “The startling levels of PFAS in water supplies around the world is applying yet more pressure to an already scarce resource,” said Owen Metters from Octopus Ventures. “We believe that action needs to be taken to remove these forever chemicals from the water cycle and that Puraffinity’s highly scalable adsorbent material is the most viable solution to achieve this in both industrial and domestic settings.” “Puraffinity’s goal of providing one billion people with PFAS-free water by 2030 aligns closely to Octopus Ventures’ focus on investing in companies which are helping to build a sustainable planet. I am excited to work closely with Henrik and the team to deliver this much-needed solution to market.” Yosuke Yamamoto, Partner, UMI commented. "Puraffinity's technology has the potential to become the de facto standard for solving the global PFAS problem. We are confident that Henrik and his team will make a historic impact on the industries affected and we look forward to working with them to achieve such goals together." For further information please see: https://www.puraffinity.com/ 4 likes. Post not marked as liked4 Featured Posts

Kindred Capital Investments

72 Investments

Kindred Capital has made 72 investments. Their latest investment was in Puraffinity as part of their Series A - II on September 9, 2023.

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Kindred Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/5/2023

Series A - II

Puraffinity

$13.9M

No

3

8/15/2023

Unattributed VC

Latent Labs Technologies

$9.11M

Yes

1

6/27/2023

Series A

Dexory

$19M

No

2

4/27/2023

Series A

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$99M

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10

2/13/2023

Seed VC - II

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$99M

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10

Date

9/5/2023

8/15/2023

6/27/2023

4/27/2023

2/13/2023

Round

Series A - II

Unattributed VC

Series A

Series A

Seed VC - II

Company

Puraffinity

Latent Labs Technologies

Dexory

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Amount

$13.9M

$9.11M

$19M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

3

1

2

10

10

Kindred Capital Portfolio Exits

5 Portfolio Exits

Kindred Capital has 5 portfolio exits. Their latest portfolio exit was Pollen on December 24, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/24/2022

Asset Sale

$99M

Undisclosed Investors

2

7/8/2022

Reverse Merger

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$99M

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10

4/12/2022

Acquired

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$99M

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10

2/10/2020

Corporate Majority

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$99M

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10

3/28/2019

Acquired

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$99M

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10

Date

12/24/2022

7/8/2022

4/12/2022

2/10/2020

3/28/2019

Exit

Asset Sale

Reverse Merger

Acquired

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Investors

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Sources

2

10

10

10

10

Kindred Capital Fund History

7 Fund Histories

Kindred Capital has 7 funds, including Kindred Capital Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/20/2023

Kindred Capital Fund III

$130M

1

9/24/2020

Kindred Capital Opportunity Plus

$99M

10

9/21/2020

Kindred Capital Seed Fund II

$99M

10

8/9/2019

Kindred Capital II

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$99M

10

2/28/2018

Kindred Capital Seed Fund I

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$99M

10

Closing Date

4/20/2023

9/24/2020

9/21/2020

8/9/2019

2/28/2018

Fund

Kindred Capital Fund III

Kindred Capital Opportunity Plus

Kindred Capital Seed Fund II

Kindred Capital II

Kindred Capital Seed Fund I

Fund Type

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Status

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Amount

$130M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Kindred Capital Team

4 Team Members

Kindred Capital has 4 team members, including current General Partner, Maria Palma.

Name

Work History

Title

Status

Maria Palma

General Partner

Current

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Name

Maria Palma

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Work History

Title

General Partner

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Status

Current

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