Nextdoor, a San Francisco, California-based private social network for neighborhoods, secured $110m in funding.
The round was led by new investors Redpoint Ventures and Insight Venture Partners with participation from new investors Meritech and Coatue and existing investors Benchmark, Greylock Partners, Tiger Global Management, Kleiner Perkins Caufield & Byers, Comcast Ventures, and Shasta Ventures.
The company plans to use funds to continue to invest in the product.
Launched in October 2011 by Nirav Tolia, CEO, Nextdoor is a free and private social network for neighborhoods availble on the web and mobile. Neighbors can 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.
More than 53,000 neighborhoods across the country have been created to date.