Local Platform Nextdoor Secures $123 Million

Nextdoor, Inc. (nextdoor.com) closed a $123 million funding round led by Riverwood Capital, with participation from existing investors Benchmark, Tiger Global Management, and Kleiner Perkins, and new participation from a large global asset manager. Chris Varelas, co-founder and managing partner of Riverwood Capital, will join the company’s board of directors.

Nextdoor’s goal is to help neighbors in 236,000 neighborhoods around the globe get connected, stay informed, and help each other in their everyday lives. The platform is extending its reach into Sweden and Denmark, adding to its current footprint in the US, the UK, Germany, France, the Netherlands, Italy, Spain, and Australia.