Nextdoor Raises $123 Million, Valued at More Than $2 Billion

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Community minded social network platform  Nextdoor announced today it has raised $123 million in new Series F funding, with a valuation of $2.1 billion.

Riverwood Capital led this round, along with Kleiner Perkins, Benchmark and Tiger Global Management, all incumbent investors.

The startup, which became a unicorn in its last funding round in 2017, has more than 236,000 users on its platform for connecting neighborhoods worldwide.

“With this wind in our sails, we can serve more neighbors around the globe, build out our world-class team, and enhance the platform for the neighbors, local businesses and public agencies who rely on Nextdoor everyday”, said Nextdoor CEO Sarah Friar on a blog post.

As part of the deal, Chris Varelas, co-founder and managing partner of Riverwood Capital, who will be joining the Nextdoor board. He formerly worked with the Aspen Institute.

In addition, Nextdoor announced that it will be adding new service areas in Denmark and Sweden.

Nextdoor has raised more than $408 million in six funding rounds so far, according to Crunchbase.


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