Nextdoor operates a social network that enables local conversations so neighbors can connect, stay informed, and help each other. Led by CEO Sarah Friar, the service is built around neighborhood-based communities. The network features more than 247,000 neighborhoods around the world, including in the United States, the United Kingdom, Germany, France, the Netherlands, Italy, Spain, Sweden, Denmark and Australia. Nextdoor intends to use recent funding to continue investing in building out its team and to expand globally. The company is headquartered in San Francisco, CA. The articles describe the product and expansion plans but do not disclose revenue or other financial operating metrics beyond the fundraising. Nextdoor is a neighborhood-focused social network that connects neighbors to share information, local events, and items for sale or giveaway. The platform organizes large cities into sub-neighborhoods and is used for topics ranging from new restaurants to local crime. The company has begun rolling out a real estate listings feature that brings sponsorship revenue, with in-feed advertising accounting for the rest of its top line. Nextdoor reports usage in about 160,000 neighborhoods across the U.S., the U.K., and the Netherlands and aims to reach 85% of U.S. neighborhoods while expanding into Germany, India, Japan, and Brazil. The company is San Francisco-based and has raised over $200 million dating back to 2010; its most recent reported valuation is about $1.5 billion after the latest round. Nextdoor is a San Francisco startup that runs a social network for people to interact with others who live in their physical neighborhoods. The service lets neighbors keep track of local matters such as yard sales, lost pets, and crime and safety updates. The article notes users who find Nextdoor invaluable for staying on the pulse of their neighborhood, while others report communities that are ghost towns or filled with noise. Nextdoor announced it raised $110 million in new funding at a $1.11 billion post-money valuation. The round included new investors Meritech and Coatue and participation from existing backers including Benchmark, Greylock Partners, Tiger Global Management, Kleiner Perkins Caufield & Byers, Comcast Ventures, and Shasta Ventures. To date, Nextdoor has raised a total of $210 million. Nextdoor operates a private social network that lets neighbors create neighborhood websites and mobile communities to ask questions, exchange local advice, and organize virtual neighborhood watches. Its platform is available on the web and mobile devices and is used to help improve safety and connectedness. The company reports more than 22,500 neighborhoods actively using Nextdoor, representing one-in-seven U.S. neighborhoods, and says neighborhood usage grew 400% in the past year. Leadership frames the product as an essential community utility and plans to use the new funding to support expansion. Nextdoor is privately held and headquartered in San Francisco. With the recent financing, the company has strengthened its financial position after raising significant capital over the past 18 months. Nextdoor operates a private social network that lets members connect with their neighbors and communities. The company is present in more than 8,000 neighborhoods nationwide. Founded in 2010 and led by CEO Nirav Tolia, Nextdoor is based in San Francisco, California. It plans to expand abroad and is actively hiring. The company recently raised $21.3M in funding. In conjunction with the funding, David Sze will join Nextdoor’s board.

Total raised

$332M

Funding rounds

7

Latest round

Equity

Latest activity

Sep 2019