Nextdoor

Nextdoor

Nextdoor is a company providing a private communications platform for neighborhoods.It was founded in 2011 and is located in San Francisco, California.

Nextdoor is a San Francisco-based artificial intelligence company that has created an online platform where individuals can communicate with people from their own neighborhood about local events, inquiring about services such as babysitting, or spreading news about emergencies. It is available in the United States, the United Kingdom, France, Italy, Spain, Australia, and more countries.

Product

Users can sign up for Nextdoor via web browser or mobile application. In order to confirm that they actually live in the neighborhood, they must submit proof, such as a bill or verification code that can be mailed to their address. Once on the platform, users only have access to topics relevant to their own neighborhood. Users are identified by their names and addresses so that others in the neighborhood can know who they are. Nextdoor has created guidelines for conduct on the platform and those are available on the website or through the app.

Funding

Series A

On July 24, 2012 Nextdoor announced raising $18.6 million in series A funding from Benchmark (lead investor), Slow Ventures, Shasta Ventures, SV Angel, Pinnacle Ventures, Greylock Partners, and Allen & Company LLC.

Series B

On February 12, 2013 Nextdoor announced raising $21.6 million in series B funding from Shasta Ventures (lead investor), Pinnacle Ventures, Greylock Partners, GV, DAG Ventures, Bezos Expeditions, Benchmark, and Allen & Company LLC. Nextdoor also announced David Sze from Greylock Partners will be joining the company's board of directors at the time of their series B funding round.

Series C

On October 29, 2013 Nextdoor announced raising $60 million in series C funding from Tiger Global Management (lead investor), Kleiner Perkins (lead investor), Slow Ventures, Shasta Ventures, Kleiner perkins, Greylock Partners, Comcast Ventures, and Benchmark. At the time of raising their series C funding Nextdoor had a pre-money valuation of $540 million.

Series D

On March 3, 2014 nextdoor announced raising $110 million in series D funding from Redpoint (lead investor), Insight Partners (lead investor), Valor Capital Group, Tiger Global Management, The Perkins Fund, Slow Ventures, Shasta Ventures, Meritech Capital Partners, Kleiner Perkins, Insight Partners, and Greylock Partners. At the time of announcing their series D funding round Nextdoor had a pre-money valuation of $1.11 billion.

Series E

On December 11, 2017 Nextdoor announced raising $75 million in series E funding from undisclosed investors. At the time of announcing their series E funding round Nextdoor had a pre-money valuation of $1.4 billion.

Series F

Nextdoor announced in May 2019 that it has raised a $123 million Series F led by Riverwood Capital. Existing investors Benchmark, Tiger Global Management and Kleiner Perkins also participated in the round. The financing brought Nextdoor's total raised to $408.2 million.

Acquisitions

Neighborland

On April 1, 2020 Nextdoor announced acquiring Neighborland, a company making public engagement software, for an undisclosed amount of money. A spokes woman for Nextdoor, Edie Campbell-Urban, made the following statement about the company's acquisition of Neighborland:

Nextdoor and Neighborland share a passion of empowering people to build strong communities and shape the development of their neighborhoods, and together will deliver even more tools to our public agency partners,” she wrote. “Dan Parham … brings extensive experience working directly with local, state and federal agencies. Dan is now head of public agencies at Nextdoor and leading the charge in working with all of our agency partners.

Competitors

Timeline

May 14, 2019

$123 million Series F

The round was led by Riverwood Capital.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Nextdoor, Inc funding round, September 2019
170,000,000
September 2019
4 Results
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People

Name
Role
LinkedIn

Abhijeet Kumar

Employee

Adam Ginsburg

Co-Founder

Adrian Fine

Employee

Alex Garcia

Employee

Alex Wise

Employee

Alex Zhai

Employee

Ashley Witty

Employee

Ashton Kutcher

Investor

Avinash Kunaparaju

Employee

Benjamin Morillon

Employee

Bobak Esfandiari

Employee

Brian Backus

Employee

Brian van Veen

Employee

Canzhi Ye

Employee

Chris Hollod

Investor

Colin King

Employee

Dan Masquelier

Employee

Dave Goldberg

Investor

Dave Morin

Investor

David Wiesen

Co-Founder

Dung Pham

Employee

Eric Goldman

Investor

Gordon Strause

Employee

Henry V. Bao

Employee

Jared Eskenazi

Employee

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Further reading

Title
Author
Link
Type
Date

Nextdoor launches in Canada, promising a more intimate, neighbourly social network

James McLeod

News

September 23, 2019

Documentaries, videos and podcasts

Title
Date
Link

Introducing Nextdoor

October 24, 2011

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Anthony Ha
July 16, 2020
TechCrunch
Nextdoor is launching a new feature called Sell for Good, allowing uses to sell items on the neighborhood-focused social network and donate the proceeds to local nonprofits. CEO Sarah Friar said that since the pandemic started, conversations about donations have increased 7x on Nextdoor . "Communities are hurting," Friar said. "People are looking to go [...]
Makena Kelly
June 8, 2020
The Verge
The neighborhood social networking app Nextdoor is caving under the pressure of the Black Lives Matter movement. Pro-movement posts are being taken down while racist ones are left to stand.
Sarah Perez
April 23, 2020
TechCrunch
Neighborhood social network Nextdoor and Walmart are teaming up today to launch a new "Neighbors Helping Neighbors" program that will make it easier for vulnerable community members to get assistance from neighbors who are already planning a trip to Walmart. The new in-app feature will allow Nextdoor users to post to groups associated with their [...]
Sarah Perez
April 1, 2020
TechCrunch
Neighborhood social networking app Nextdoor is rolling out a few changes focused on supporting local businesses. The COVID-19 outbreak has forced many businesses to close their doors, sometimes for good, while others are struggling to stay afloat. As a result, many Nextdoor users have been posting on the app asking how they can help support [...]
John Herrman
March 25, 2020
www.nytimes.com
Homebound city dwellers are turning to a neighborhood app to connect, organize and help each other without risking physical contact.
By Jonathan Chadwick For Mailonline
March 23, 2020
Mail Online
Community-focused social networking site Nextdoor has rolled out two new features to the UK with the aim of helping people and their neighbours who are self-isolating during the coronavirus crisis.
Sarah Perez
March 19, 2020
TechCrunch
Neighborhood social networking app Nextdoor has introduced two new features, Help Maps and Groups, to give people a way to better support one another during the coronavirus outbreak. The Help Map offers a way to coordinate aid between those in need, like the elderly and at-risk, and those willing to offer some form of assistance [...]
Ariel Bogle
November 13, 2019
ABC News
This emerging category of tech wants you to connect with other people in your area. But also, maybe, keep an eye on them.
Isabelle Kirkwood
September 24, 2019
BetaKit
San Francisco-based Nextdoor is officially launching its social platform, designed to help neighbourhoods connect and stay informed, in Canada.
James McLeod
September 23, 2019
Financial Post
Nextdoor will formally launch on Monday after an early-access beta test that the company says saw tens of thousands of Canadians sign up.Screen Shot
Jon Porter
September 18, 2019
The Verge
Nextdoor is adding a new Kindness Reminder feature to dissuade users from posting mean comments. The app will prompt you to edit your response and provide a link to community guidelines if it thinks your comment is mean.

References

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