Axios has learned that Kinship Ventures is seeking $75 million for its first fund.
Actress Gwyneth Paltrow, who also created the lifestyle brand Goop, and Moj Mahdara, a longtime entrepreneur and investor in the beauty industry best known for creating the Beautycon event, are at the helm of Kinship.
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-The Los Angeles-based company plans to invest in web3 startups and other early-stage producers of consumer goods and technologies.
The average size of a check will be between $1 million and $3 million.
It supported the online payment system MoonPay last year.
About Emerson Hardy-Blue Emerson Hardy-Blue is a prolific author specializing in the world of entrepreneurs and founders. With a deep passion for business and innovation, he delves into the journeys, challenges, and triumphs of visionary individuals. Emerson's writings provide invaluable insights and practical advice for aspiring entrepreneurs, offering a roadmap to success. Through his engaging storytelling and expertise, he inspires and empowers readers to pursue their entrepreneurial dreams with confidence and determination.
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