Nextdoor, a US-based social network for neighbourhoods, has raised $60m series C funding co-led by venture capital firms Tiger Global Management and Kleiner Perkins Caufield & Byers (KPCB); also participating were Comcast Ventures, the venture capital affiliate of cable television company Comcast Corporation, and existing investors Benchmark, Greylock Partners and Shasta Ventures.
With this new round of funding, Nextdoor has raised $100m in the last 18 months. Previously, in February 2013, Nextdoor raised $21.6m in its series B round from a consortium including Google Ventures. In July 2012, Nextdoor raised $18.6m Benchmark Capital, DAG Ventures, Greylock Partners and Shasta Ventures. Allen & Company, Pinnacle Ventures and individual investors.
John Doerr, partner at KPCB, said: “We believe that the neighborhood is one of the original social networks. The Nextdoor team is well positioned to create an enduring company at the intersection of social, local, and mobile, and we are thrilled to be partners in this effort.”
Lee Fixel, partner at Tiger Global Management, said: “Nextdoor fits our investment thesis of backing fast-growing companies with a global value proposition.”
Nextdoor was founded in 2010 and launched in 2011.