Nextdoor, the social network designed specifically for neighborhoods, announced a $60 million funding round on Tuesday
The financing comes from just two sources — venture capitalists John Doerr at Kleiner Perkins and Lee Fixel of Tiger Global Management, said Nextdoor CEO Nirav Tolia. The funding gives the company $90 million in the bank, he added. Nextdoor had already raised $40 million, spending only $10 million.
Sources familiar with the situation said Tuesday's financing values Nextdoor at more than $500 million, which is not as high as the $1 billion threshold eclipsed by other social sites like Instagram, Snapchat and Pinterest Read more...
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