Nextdoor Closes $170 Million Financing

SAN FRANCISCO — Nextdoor, which operates local online neighborhood networks around the world, has closed on $170 million in new funding. The financing includes $123 million raised last May and was completed by Bond, the investment firm led by Mary Meeker, with participation from new investor Riverwood Capital and existing investors Benchmark, Tiger Global Management and Kleiner Perkins.

Bond’s Mary Meeker will join Nextdoor’s board of directors.

Nextdoor operates in over 247,000 neighborhoods in ten countries helping users get connected and stay informed in their everyday lives. Most of the postings on Nextdoor forums typically deal with crime or getting recommendations for handymen and home services.

“Nextdoor has proven itself as the leader in local connectivity. Nextdoor is built on trust – verifying each members’ name, address and neighborhood – which creates the transparency and accountability that is core to building communities,” said Mary Meeker, general partner at Bond. “Nextdoor is connecting people to the information and services that matter most, and I am excited to work with this impressive team to help expand Nextdoor’s local utility as well as its growing global footprint.”

“We could not be more thrilled to welcome Bond to our family of investors. Mary Meeker has been a strong supporter of Nextdoor for many years and is deeply knowledgeable about consumer technology,” said Sarah Friar, CEO of Nextdoor. “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. 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 currently operates in the United States, the United Kingdom, Germany, France, the Netherlands, Italy, Spain, Sweden, Denmark and Australia.