Nextdoor Welcomes $170 Million for Neighborhood Social App

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Venture capital continues to flow to San Francisco based startup Nextdoor, the app that lets local communities stay in touch with each other.

The company announced today it raised $170 million in a growth funding round, its largest haul so far. $123 million came from May of this year. This round was completed by Bond, a tech investment firm. Joining in this round was Kleiner Perkins, Riverwood Capital, Tiger Global Management, and Benchmark Capital. Nextdoor plans to continue building out is employee base.

Since 2013, $340 million in venture capital funds have been raised by Nextdoor.

Nextdoor is a private neighborhood social app that currently serves 247,000 neighborhoods around the world. Neighborhoods using the app find useful, relevant local information about their respective communities.

“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,” said Sarah Friar, CEO of Nextdoor, in a statement. “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 has proven itself as the leader in local connectivity,” said Bond’s general partner Mary Meeker, who will join the startups’ board of directors. “Nextdoor is built on trust-verifying each member’s name, address and neighborhood-which creates the transparency and accountability that is core to building communities.”