Nextdoor Raises $60M To Build Stronger And Safer Neighborhoods

Nextdoor Raises $60M To Build Stronger And Safer Neighborhoods

One-in-Seven Neighborhoods Across the U.S. Now Use Nextdoor to Build Stronger and Safer Local Communities

SAN FRANCISCO, CA – October 29, 2013 – Nextdoor, 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.