Nextdoor, Inc., a San Francisco, CA-based local platform for neighbors, raised $123m in funding.
The round was led by Riverwood Capital, with participation from existing investors Benchmark, Tiger Global Management and Kleiner Perkins, and new participation from a large global asset manager. In conjunction with the funding, Chris Varelas, co-founder and managing partner of Riverwood Capital, will join Nextdoor’s board of directors.
The company intends to use the funds to expand globally and build out its team, adding to recent strategic hires including:
- Tatyana Mamut, head of product,
- Bryan Power, head of people, and
- Craig Lisowski, head of data, information systems and trust.
Led by Sarah Friar, CEO, Nextdoor is a social network enabling local conversations that empower neighbors to build safe communities. Today, neighbors use Nextdoor in more than 236,000 neighborhoods around the world in the United States, the United Kingdom, Germany, France, the Netherlands, Italy, Spain, Sweden, Denmark and Australia, with others to come.