Kindred Capital has closed its second seed fund at £81m. Through its ‘Equitable Venture’, the firm gives exceptional seed-stage entrepreneurs co-ownership in the fund that invested in their businesses.

Since its launch in 2015, the firm has now invested in 39 technology companies across Europe and Israel, with ten of those investments coming from the second fund. Kindred has been investing from the second fund over the last 12 months.