Neighborhood Social Network ‘Nextdoor’ Receives $21.6 Million Investment


NextDoor Raises New Funding

Neighborhood social network provider Nextdoor has raised $21.5 million in new funding led by Greylock Partners.

Heading the deal for Greylock is David Sze, the same investor who got in early on Facebook and LinkedIn. New investors joining the platform include Jeff Bezos’ Bezos Expeditions and Google Ventures. Prior investors Benchmark Capital, DAG Ventures, Shasta Ventures, Allen Company and Pinnacle Ventures have also contributed to the new round of funding.

Last year Benchmark invested $18.6 million in Nextdoor.

Launched in October 2011 Nextdoor now includes 8,075 neighborhoods on its network in all 50 states. Nextdoor doubled its reach in six months, not a simple feat considering users must verify that they live in the neighborhood they want to connect in.

Nextdoor have revamped part of its services with Nextdoor 2.0, a service that offers better crime and safety reporting features. The platform will now include a dedicated Crime and Safety section for people who want to post their concerns and share instances of crime in their neighborhood. Also included is an Urgent Alerts section that can notify police and fire departments of immediate issues.

The social neighborhood platform has also added redesigned mobile web and tablet versions of the site in HTML.

Are you a fan of the Nexdoor social platform?


James Kosur

James Kosur has worked in the new media space for the last 10 years, helping many publications build their audiences to millions of monthly readers. He currently serves as the Director of Business Development at Business2Community.com and the CEO of Aven Enterprises LLC.

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