Nextdoor Valued at $1.1 Billion

Nextdoor, a private social network for neighborhoods and municipalities, announced a capital raise of $110m today.  The new money, which comes from Redpoint Ventures and Insight Venture Partners, values the company at ~$1.1bn.  Nextdoor has now raised a total of $210m in capital.  Previous investors include Kleiner Perkins Caufield & Byers, Tiger Global Management, Comcast Ventures, Greylock Partners, and Shasta Ventures.

Nextdoor is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 111 companies organized by investment theme.