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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.

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Contents

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.

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Timeline

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Funding Rounds

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Patents

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Further Resources

Title
Author
Link
Type
Date

How Nextdoor is using verified location data to quietly build a big ads business

https://digiday.com/marketing/nextdoor-ads-verified-homeowners/

Web

February 8, 2019

How the Covid-19 pandemic broke Nextdoor

Rebecca Heilweil

https://www.vox.com/recode/22217343/covid-19-misinformation-nextdoor-local-network

Web

February 9, 2021

Inside Nextdoor's 'Karen problem'

Makena Kelly

https://www.theverge.com/21283993/nextdoor-app-racism-community-moderation-guidance-protests

Web

June 8, 2020

Introducing Nextdoor

https://www.youtube.com/watch?v=9V1tlhGjSMc

October 24, 2011

Nextdoor has a well-documented history of systemic racism

Chris Taylor

https://mashable.com/article/nextdoor-racism

Web

June 11, 2020

References

nextdoor.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Artificial Intelligence (AI)
Artificial Intelligence (AI)
Social media
Social media
Communication
Communication
Social networking service
Social networking service
Digital media
Digital media
Social network
Social network
Technology
Technology
Privacy
Privacy
Location
Paso Robles, California
Paso Robles, California
-1
San Francisco
San Francisco
-1
Greensboro, Georgia
Greensboro, Georgia
-1
B2X
B2B
B2B
CEO
Sarah Friar
Sarah Friar
Founder
Prakash Janakiraman
Prakash Janakiraman
Nirav Tolia
Nirav Tolia
Adam Ginsburg
Adam Ginsburg
AngelList URL
angel.co/nextdoor
Legal Name
Nextdoor Holdings, Inc.
Parent Organization
Nextdoor
Nextdoor
Subsidiary
Nextdoor
Nextdoor
Number of Employees (Ranges)
501 – 1,000-1
Number of Employees
637-1
Full Address
1031 Village Park Dr Ste 103, Greensboro, Georgia, 30642, United States-1
420 Taylor St, San Francisco, California, 94102, United States-1
1000 Spring St, Paso Robles, California, 93446, United States-1
CIK Number
1,846,069
Investors
The Perkins Fund
The Perkins Fund
-1
Bond Capital Management
Bond Capital Management
Bond
Bond
Pinnacle Ventures
Pinnacle Ventures
Riverwood Capital
Riverwood Capital
Kleiner Perkins Caufield & Byers
Kleiner Perkins Caufield & Byers
Benchmark (venture capital)
Benchmark (venture capital)
Allen & Company
Allen & Company
...
Founded Date
2010
Email Address
press@nextdoor.com
Total Funding Amount (USD)
468,200,000
Latest Funding Round Date
September 2019
Stock Symbol
KIND
Exchange
New York Stock Exchange
New York Stock Exchange
-1
Latest Funding Type
‌
Series C round
Latest Postmoney Valuation
2,000,000,000
Patents Assigned (Count)
1
Wellfound ID
nextdoor
Country
United States
United States

Other attributes

Blog
blog.nextdoor.com
Company Operating Status
Active
Wikidata ID
Q7021239

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