Kanyi Maqubela

From Homeless Refugee To Creating a $100 Million Investment Fund

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Kanyi Maqubela is an entrepreneur and venture capitalist based in New York. He was born in Soweto, a township outside of Johannesburg, South Africa, during apartheid. To escape this life-threatening environment, his family moved to the United States as refugees in 1986.

 Kanyi Maqubela
Kanyi Maqubela, cofounder of Kindred Ventures | Credit: Techies

After arriving in the U.S., he and his parents lived in a homeless shelter and were on food stamps until his mother got a job as an ESL teacher at Fashion Institute of Technology, and his father got a job as a cashier and coat checker at the Museum of Natural History. (His parents are now accomplished educators.)

Temba Maqubela
Kanyi’s parents, Vuyelwa and Temba Maqubela

In 2014, Kanyi and co-founder Steve Jang, raised $56 million to create Kindred Ventures. The fund has invested in over 40 companies located in North America, Asia Pacific, Europe, Latin America, Middle East, and Africa. Previous Kindred Ventures investments count companies like Uber, Coinbase, and Virgin Hyperloop One.

Kindred Ventures recently closed its second fund with $100 million in capital commitments from a mix of major university endowments, foundations, fund-of-funds, and strategic investors.

Kanyi is also the co-founder of Heartbeat Health — a platform that invites patients who are at risk of heart disease and other chronic ailments to talk remotely with experts for care management.

 

Tony O. Lawson


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