New Round of Funding of $21.6 Million Led by Greylock Partners; Greylock’s David Sze Joins Board of Directors
San Francisco, California, February 12, 2013 – Nextdoor (www.nextdoor.com), the private social network for the neighborhood, today announced the launch of Nextdoor 2.0 and a new round of funding of $21.6 million. Nextdoor 2.0 introduces a newly designed user interface, the ability for neighbors to reach nearby neighborhoods with relevant information and an enhanced focus on helping neighbors create virtual neighborhood watches to fight crime.
“We’ve been blown away by the rapid adoption of Nextdoor by neighbors across the country. Our members are truly passionate about bringing back a sense of community to their neighborhoods,” said Nirav Tolia, Co-Founder and CEO of Nextdoor. “The launch of Nextdoor 2.0 and our new round of funding will accelerate our efforts to use the power of technology to build stronger and safer neighborhoods everywhere.”
Nextdoor’s new round of funding is led by Greylock Partners and includes existing investors Benchmark Capital, Shasta Ventures, DAG Ventures, Allen & Company and Pinnacle Venture as well as new investors Bezos Expeditions and Google Ventures. David Sze of Greylock Partners will join Nextdoor’s Board of Directors. The company plans to use the new funding for product development and market expansion.
“I was fortunate enough to be involved in the early growth years at both LinkedIn and Facebook and have seen how the seemingly simple act of connecting people can lead to major change in the world and create seminal independent companies,” said David Sze, General Partner at Greylock Partners. “Nextdoor is uniquely positioned to become the social network for your neighborhood and Greylock is honored to lead this round of funding at such a pivotal time for the company.”
Today Nextdoor 2.0 is available to all members and includes:
- Focus on crime and safety – Nextdoor now features a dedicated section for Crime and Safety posts, Urgent Alerts for immediate notification of time-sensitive information and the ability for police and fire departments to share updates with members.
- Nearby Neighborhoods feature – The new Nearby Neighborhoods feature allows members to share information with others in surrounding neighborhoods while still maintaining their privacy. Often neighbors have needs to communicate with a broader audience, such as notifying residents of a rash of break-ins, requesting help to find a lost pet or promoting a garage sale.
- Improved user experience – Nextdoor has been redesigned from scratch to provide an intuitive navigation based on groups and categories, a post box that enables quick and easy categorization, like “Classifieds” or “Crime & Safety” and a responsive design that optimizes layout for web, mobile and tablet users.
Since its launch in October 2011, Nextdoor has expanded rapidly to serve more than 8,075 neighborhoods across all 50 states – doubling its reach in the last six months. Each day, more than 30 new neighborhoods launch a Nextdoor website. Nextdoor has also partnered with more than 90 city governments and police departments to enable neighbors to create virtual neighborhood watches in the fight against local crime.
About Nextdoor.com, Inc.
Nextdoor (www.nextdoor.com) is a private social network for the neighborhood. Using Nextdoor’s free online platform, neighbors create private neighborhood websites where they get to know one another and 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 Capital, Greylock Partners, Shasta Ventures and Bezos Expeditions. More than 8,000 neighborhoods across the country are using Nextdoor to build happier, safer places to call home.
For additional information and company images www.nextdoor.com/newsroom.