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KPCB, Tiger Global partners lead $60m funding for social network Nextdoor

29 Oct 2013

houses terraced_Kleiner Perkins Caufield & Byers partners John Doerr and Mary Meeker have led a $60m funding round for neighbourhood social network Nextdoor alongside Tiger Global partner Lee Fixel.

Comcast Ventures also took part in the round alongside previous backers Benchmark, Greylock Partners and Shasta Ventures.

Nextdoor has brought 22,500 neighbourhoods on board since it was launched two years ago, and has seen that measure increase by 400 per cent in the last year according to the company.

Doerr said, “We believe that the neighborhood is one of the original social networks.

“The Nextdoor team is well positioned to create an enduring company at the intersection of social, local, and mobile, and we are thrilled to be partners in this effort.”

Fixel added, “Nextdoor fits our investment thesis of backing fast-growing companies with a global value proposition.

“We are excited to assist the company as it focuses on rapid expansion both domestically and internationally.”

The latest funding brings the total raised by Nextdoor to $100m in the last 18 months.

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