Just two years after they announced their debut, $56 million fund, Kindred Ventures has announced the formation of their second, $100 million seed venture fund, according to an announcement via Medium.
“We’re thrilled to announce today that we’ve raised a new $100 million seed-stage venture fund,” they said. “Our mission for this fund is to invest in brilliant and dedicated founders at the earliest stages of building their startup and, ultimately, our collective future.”
Founded by Steve Jang and Kanyi Maqubela, the two men behind Kindred Ventures have made a variety of wise investments, including Heartbeat Health, Bitski, and Schematic Labs.
For his part, too, Jang was an early investor in Uber.
However, Kindred Ventures insists this latest seed fund will be used to fund up-and-coming diverse founders on a mission to create products that solves our world’s problems.
“At the core of this next phase of transformation, we want to meet mission-driven founders solving important problems by creating products enabled by innovative software,” they said. “We are grateful and energized that our work is essentially to use a beginner’s mind to discover the interfaces, networks, markets, and infrastructure that will be conceived, designed, and built by dynamic and diverse entrepreneurs.”