Actress and wellness mogul Gwyneth Paltrow’s venture capital firm is seeking to raise $75 million for its debut fund.
Actress and wellness mogul Gwyneth Paltrow’s venture capital firm is seeking to raise $75 million for its debut fund,Gwyneth Paltrow attends Veuve Clicquot Celebrates 250th Anniversary with Solaire Exhibition onKinship Ventures was launched in 2021 and is led by Paltrow and Moj Mahdara, the former CEO of BeautyCon Media, a cosmetics and wellness festival.
Kinship plans to invest in early-stage consumer goods firms, technology companies and Web3 startups, according to Axios. The firm is specifically seeking investments in the education tech, health-tech, beauty, essentials and wellness industries, according to Pitchbook. In April, Kinship was part of a collective $87 million investment in MoonPay, a cryptocurrency payment platform that was also backed by other celebrities Drake, Post Malone, Paris Hilton and Matthew McConaughey .Paltrow, who was best known for appearing in movies including, started Goop in 2008 as a newsletter. Soon after, it grew into a website and an online shop, becoming a go-to-source for everything wellness, and was a key driver of the industry’s boom.
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