- Neighborhood social network Nextdoor has raised $47 million bringing the total Series F round of funding to $170 million
Neighborhood social network Nextdoor announced it has raised $47 million bringing the Series F total to $170 million. This round of funding comes only four months after Nextdoor had raised the $123 million for the Series F round at a $2.1 billion valuation. Including this round of funding, Next-door has raised more than $450 million.
Bond — the Kleiner Perkins spinoff fund headed up by Mary Meeker — provided the additional $47 million. And Meeker will be joining the board of directors at the company. New investor Riverwood Capital and existing investors Benchmark, Tiger Global Management and Kleiner Perkins also participated.
“We could not be more thrilled to welcome Bond to our family of investors. Mary Meeker has been a strong supporter of Nextdoor for many years and is deeply knowledgeable about consumer technology,” said Nextdoor CEO Sarah Friar. “At Nextdoor, we believe that change starts with each of us opening our front doors and building deeper connections with the people nearest to us: our neighbors. We’re thrilled and honored to partner with all of our forward-looking investors to catalyze neighbors’ ability to connect with relevant local conversations, organizations, and businesses, engage in real-world interactions, and unlock the global power of local.”
Nextdoor launched in 2010 and serves neighborhoods in the US, UK, Germany, Sweden, Denmark, France, Italy, Spain, the Netherlands, and Australia. There are neighbors in over 247,000 neighborhoods using Nextdoor to stay connected and informed.
“Nextdoor has proven itself as the leader in local connectivity. Nextdoor is built on trust – verifying each members’ name, address, and neighborhood – which creates the transparency and accountability that is core to building communities,” added Meeker. “Nextdoor is connecting people to the information and services that matter most, and I am excited to work with this impressive team to help expand Nextdoor’s local utility as well as its growing global footprint.”
This round of funding comes as the company is continuing to expand globally and enhance local business offerings and will further cement Nextdoor as the essential local platform for neighbors around the world.
With this funding round, Nextdoor will continue investing in building out its team. Some of the recent key hires include Antonio Silveira as its head of engineering, Tatyana Mamut as head of product, Bryan Power as head of people, and Craig Lisowski as head of data, information systems, and trust.
