Nextdoor, the neighbourhood social networking platform, has completed a $170m funding round, with a reported valuation of $2.1bn. Of the funding, $123m came in May 2019 from Riverwood Capital, Benchmark, Tiger Global Management and Bond, with the balance from tech investor Kleiner Perkins. The platform serves more than 247,000 communities in 10 countries, generating income from sponsored posts and a property vertical for estate agent branding. Nextdoor board member Mary Meeker said the platform is built on trust, verifying members’ names, addresses and neighbourhoods to create transparency and accountability vital to community-building. The platform expects to double revenue this year.
Nextdoor, the neighbourhood social networking platform, has completed a $170m funding round, with a reported valuation of $2.1bn. Of the funding, $123m came in May 2019 from Riverwood Capital, Benchmark, Tiger Global Management and Kleiner Perkins, with the balance from tech investor Bond. The platform serves more than 247,000 communities in 10 countries, generating income from sponsored posts and a property vertical for estate agent branding. Nextdoor board member Mary Meeker said the platform is built on trust, verifying members’ names, addresses and neighbourhoods to create transparency and accountability vital to community-building. The platform expects to double revenue this year.