Nextdoor raises $60 million in funding from Kleiner Perkins Caufield & Byers and Tiger Global Management
One-in-Seven Neighborhoods Across the U.S. Now Use Nextdoor to Build Stronger and Safer Local Communities
San Francisco, California, October 29, 2013 – Nextdoor (nextdoor.com), the private social network for the neighborhood, today announced it has secured $60 million in funding led by new investors, John Doerr and Mary Meeker of Kleiner Perkins Caufield & Byers (KPCB) and Lee Fixel of Tiger Global Management. The round also included Comcast Ventures, as well as previous investors, Benchmark, Greylock Partners, and Shasta Ventures.
“We believe that the neighborhood is one of the original social networks,” said John Doerr, partner at KPCB. “The Nextdoor team is well positioned to create an enduring company at the intersection of social, local, and mobile, and we are thrilled to be partners in this effort.”
Nextdoor recently celebrated the two-year anniversary of its national launch and continues to be embraced by neighbors across the country. Already, more than 22,500 neighborhoods actively use Nextdoor, representing one-in-seven neighborhoods across the United States. The number of neighborhoods using Nextdoor has increased 400% in the last year alone.
“Nextdoor fits our investment thesis of backing fast-growing companies with a global value proposition,” said Lee Fixel, partner at Tiger Global Management. “We are excited to assist the company as it focuses on rapid expansion both domestically and internationally.”
Mary Meeker, partner at KPCB says, “Nextdoor, in effect, is becoming an essential utility for communities that have adopted the service. It can help solve fundamental needs for safety, security, and connectedness.”
“It has been an incredible two years for Nextdoor and we are honored to be helping our members build stronger and safer places to call home,” said Nirav Tolia, Co-Founder and CEO of Nextdoor. “This new funding will help further our mission to use the power of technology to strengthen the neighborhood, one of the most important communities in our lives.”
With this new round of funding, Nextdoor has raised $100 million in the last 18 months.
About Nextdoor.com, Inc.
Nextdoor (nextdoor.com) is the private social network for the neighborhood. Using Nextdoor’s free platform, available on the Web and mobile devices, neighbors create private neighborhood websites where they get to know one another, ask questions, exchange local advice and recommendations, and organize virtual neighborhood watches to reduce crime.
Headquartered in San Francisco, Calif., Nextdoor is a privately-held company with the backing of prominent investors, including Benchmark, Greylock Partners, Kleiner Perkins Caufield & Byers, Tiger Global Management, Shasta Ventures, Comcast Ventures, DAG Ventures, Bezos Expedition, A-Grade Investments, and Google Ventures.
Nextdoor has been named one of Time Magazine’s 50 Best Websites of 2013 and one of Entrepreneur Magazine’s 100 Brilliant Companies. The company was recently chosen by the San Francisco Business Times as one of its 2013 Tech & Innovation award winners for Best Startup. More than 22,500 neighborhoods across the country are using Nextdoor to build happier, safer places to call home.
For additional information and company images: nextdoor.com/newsroom.