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.