Nextdoor raises $60 million in funding to bring neighbors together


Do you know your neighbor? That’s the question two-year-old neighborhood-focused social media company Nextdoor is intent on answering, and it will certainly have more funds to do it. The company has announced a $60 million fundraising round, led by Kleiner Perkins Caufield & Byers and Tiger Global Management.

The company has previously raised a total of $40 million — including an $18 million Series A in 2012 and a $21.6 million Series B in early February. In addition to participation from previous investors Benchmark Capital, Greylock Partners and Shasta Ventures, Nextdoor has also received an investment from Comcast. Nirav Tolia, Nextdoor CEO, said in a statement that the money will go towards expanding Nextdoor’s reach.

“This new funding will help further our mission to use the power of technology to strengthen the neighborhood, one of the most important communities in our lives,” Tolia said.

As of now, Nextdoor’s reach is actually quite…

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