Nextdoor Raises $47M in Additional Funding

nextdoorNextdoor, Inc., a San Francisco, CA-based social network for the neighborhood, raised an additional $47m in funding and closed its $170m growth round.

The financing – which includes the $123m raised in May of 2019 – was completed by Bond, with participation from new investor Riverwood Capital and existing investors Benchmark, Tiger Global Management and Kleiner Perkins. Bond’s Mary Meeker will join Nextdoor’s board of directors.

The company intends to use the funds to continue to invest in building out its team and to expand globally.

Led by Sarah Friar, CEO, Nextdoor is a social network which enables local conversations that allow neighbors to build safe communities. Today, the network features more than 247,000 neighborhoods around the world in the United States, the United Kingdom, Germany, France, the Netherlands, Italy, Spain, Sweden, Denmark and Australia to get connected, stay informed, and help each other in their everyday lives.



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