The “local space” has long held sway over the imagination of entrepreneurs, who have produced everything from travel apps to city guides, neighborhood news sites and event planners in pursuit of local dollars. But local is a tough nut to crack, with many high-profile companies stumbling along the way, including EveryBlock, Patch and YardSellr to name a few.
Nextdoor is one of a handful of companies that has managed to thrive in the local market, and a growing list of investors are betting that the “Facebook for your neighborhood” could be the next big social network.
With 22,500 neighborhoods (and one-in-seven in the U.S.) now using Nextdoor to create private websites where locals can ask questions, get to know one another and exchange advice and recommendations, Nextdoor is ready to go international. To do so, the startup has secured a whopping $60 million round in Series C financing from veteran investors, like John Doerr and Mary Meeker of Kleiner Perkins Caufield & Byers (KPCB) and Lee Fixel of Tiger Global Management.
The round, which brings the startup's funding to over $100 million, also included investors like Comcast Ventures, as well as previous investors, Benchmark, Greylock Partners, and Shasta Ventures.
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