Nextdoor

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.