Comcast Ventures among investors for Nextdoor

Tue, 10/29/2013 - 12:40pm
Mike Robuck

Comcast Ventures chipped in on a $60 million funding round for Nextdoor, which bills itself as a private social network for neighborhoods.

Nextdoor, which launched two years ago, has more  than 22,500 neighborhoods across the country actively using its social networking platform. Using the Web and mobile devices, neighbors can create private, neighborhood-based websites where they can facilitate events or neighborhood watch programs.

The founding round led by new investors, John Doerr and Mary Meeker of Kleiner Perkins Caufield & Byers (KPCB) and Lee Fixel of Tiger Global Management. The round also included Benchmark, Greylock Partners, and Shasta Ventures. With the new funds in hand, Nextdoor has raised $18 million over the past 18 months.

“It has been an incredible two years for Nextdoor and we are honored to be helping our members build stronger and safer places to call home,” said Nirav Tolia, co-founder and CEO of Nextdoor. “This new funding will help further our mission to use the power of technology to strengthen the neighborhood, one of the most important communities in our lives.”

Headquartered in San Francisco, Calif., Nextdoor was named one of Time magazine's “50 Best Websites of 2013” and one of Entrepreneur magazine's “100 Brilliant Companies.”


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