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Kindred Ventures just closed its second fund with $100 million in capital commitments
Two years after launching its $56 million debut fund, Kindred Ventures, a San Francisco-based pre-seed and seed-stage venture fund founded by Steve Jang and Kanyi Maqubela, has closed its second fund with $100 million in capital commitments.
Jang is himself a founder who later jumped into investing. In more recent years, he co-founded Bitski, a crypto-asset wallet startup, and previously founded Schematic Labs, an early social music app that was brought into Rhapsody in 2014, and co-created the music streaming service imeem, whose assets were later acquired by MySpace.
Jang was also an early advisor to and investor in Uber, and individually invested in a number of other breakout companies, including the delivery company Postmates, the synthetic biology company Zymergen, the fitness company Tonal, and the crypto exchange Coinbase. ....

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