BLOOMBERG - Oct 19 - Nextdoor, a social network for neighbors sharing information or trading goods and services, is considering options to go public. The company is targeting a valuation in the range of $4B - $5B. Nextdoor has raised ~$470M, and was last valued at $2.2B after a funding round in Sep 2019.
17 posts categorized "Nextdoor"
Nextdoor to Eye IPO at $5 Billion Valuation
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Nextdoor's Focus on Kindness
FAST COMPANY - Oct 15 - Nextdoor was founded in 2010 by 7 friends, most who'd worked at Shopping.com. Before the pandemic, Nextdoor was known for its role in racial profiling and over-policing. Soon after the company announced a funding round in 2015 that valued it at ~$1B, an article reported that black residents walking in neighborhoods were often photographed and posted on the site as suspicious. Sarah Friar, Nextdoor's CEO from 12/18, tried to outrun Nextdoor's reputation and transform the company into a mktg channel for local businesses. Nextdoor released a Help Map for neighbors to post lists of what they needed (during covid) so others could fulfill them. They saw an 80% monthly surge in DAU. In 9/19, Nextdoor introduced Kindness Reminder, which checks to see if a user's post has words in it that in the past tended to be flagged as abusive, and then asks them to rephrase before it's uploaded and got a 30% reduction in reported content. The company is not yet profitable.
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Nextdoor Teams With Uberall to Boost Local Businesses' Visibility
MOBILE MARKETER - Oct 8 - Location marketing company Uberall partnered with neighborhood social network Nextdoor to boost the visibility of local businesses among nearby consumers. Businesses with a profile page in Nextdoor will be visible when consumers search for products and services "near me". Nextdoor aims to build consumer confidence, with 70% of its members saying they trust word-of-mouth recommendations from neighbors more than anything else.
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Nextdoor Announces Heidi Andersen as Head of Revenue
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Nextdoor Launches Sell for Good for Easy Donations to Local Nonprofits
TECH CRUNCH - July 15 - Nextdoor is launching a new feature called Sell for Good, allowing uses to sell items on the neighborhood-focused social network and donate the proceeds to local nonprofits. CEO Sarah Friar said that since the pandemic started, conversations about donations have increased 7x on Nextdoor.
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Nextdoor Talks Growth
TECH CRUNCH - Dec 20 - Nextdoor, a Facebook for neighborhoods, has just launched its 25Kth neighborhood. The network is now being used in 1-in-6 USA neighborhoods.
by Leena Rao
See full article at Tech Crunch
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Nextdoor Competitor Meetey Launches
TECH CRUNCH - Dec 13 - Nextdoor lets people create private social networks with others who live in their local neighborhoods. The startup has raised $100M. Others want in on this space. Tel-Aviv-based Meetey wants to do something similar to Nextdoor and today it’s expanding to ~90 countries and says it has hit 200K users.
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Nextdoor Brings Neighbors Together
STAR TELEGRAM - Dec 3 - San Francisco-based Nextdoor, launched in October 2011, has grown to 24K neighborhood websites. Information about crime is ~20% of each website’s content. Participants also use it to share information about events such as block parties or to suggest local businesses. Nextdoor plans to sell advertising to local businesses, but it’s currently backed financially by investors including Benchmark and Greylock Partners.
by Bill Miller
See full article at Star Telegram
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Nextdoor Raises $60M
GEEKWIRE - Oct 29 - The startup is in serious growth mode. It has social networks established for one in seven neighborhoods across the U.S. Nextdoor has raised ~$100M in the past 18 months.
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Nextdoor’s Slow And Steady Route To A Winning Mobile App
INMAN.COM - June 10 - Nextdoor, a social network for neighbors, had been up and running for a year and a half before it released its first mobile app a few weeks ago. It has more than 13,000 neighborhoods signed up, and some real estate agents also use the site to raise their visibility in communities they serve. When it decided to go mobile last year, Nextdoor brought in a heavyweight team, including a former VP of product at Bump. As of February, after a $21.6M Series B round of funding, Nextdoor had raised $40.2M in venture capital.
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Nextdoor: Putting Neighborhoods On The Digital Map
CNBC - Mar 19 - Since the launch in 2010, Nextdoor has ~9K neighborhoods on their site. Users can join for free, create their online "neighborhood" and invite others to join too. The online communities are kept private. Neighbors can exchange information about anything that's going on in the neighborhood, from burglary alerts to lost dogs and local events. Nextdoor has some big competitors that are also looking to build social platforms for local communities like Yahoo! Groups,Google Circles and even Facebook. However Nextdoor's focus on privacy distinguishes it from the competition. Nextdoor has raised ~$40M in funding.
by Erin Barry & Marqui Mapp
See full article at CNBC
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With Another $21 Million, Nextdoor Launches Version 2.0
ALL THINGSD - Feb 12 - Nextdoor is a private social network that focuses specifically on the neighborhood. Users communicate with one another to form tighter bonds around their community, only sharing identity information directly with those inside their area. The company launched an update version Nextdoor 2.0. Instead of restricting users to their previously cordoned off districts, they’re able to post information to nearby neighborhoods, those bordering the area a user resides in. Greylock Partners led a new funding round of $21.6M, adding managing partner David Sze to the Nextdoor board. With upwards of $40M raised, the company has plenty of room to grow.
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Social Sites For Families: More Personal Than Facebook
MASHABLE - Jan 10 - Social networks for families (FamilyLeaf, MyFamily.com, Rootsy, Origami), neighbors (Nextdoor), and select groups of family and friends (Path), have bloomed in the past few years. "Many of our most active users are turned off by Facebook's openness — and they use FamilyLeaf because it's meant only for family," Co-founder Ajay Mehta says.
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Nextdoor Helps Neighbors Look Out For One Another
DALLAS NEWS - Nov 29 - Nextdoor lets neighbors interact in a private setting online. Each neighborhood, which holds ~500 households on average, has its own network. Users can see posts about their neighborhood only. Nextdoor has worked with Dallas police on how they can use the site. It could prevent crime and increase the crime prevention. If a rash of burglaries happens in a specific area, then the city can push an update to that area. Nextdoor, which is free and has no ads, isn’t like Facebook because it’s not about updating the daily lives of people. Instead, people post when they need a babysitter, when they’re looking for a roommate or when they see suspicious activity. Nationwide, Nextdoor has 6,235 active neighborhoods in 49 states and plans to go international next year.
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Nextdoor Enjoying Success After Its First Year
TECH CRUNCH - Oct 31 - Nextdoor is a social network that allows people to build private online social networks for their neighborhoods. The one year old service has 5500 neighborhoods with 300,000 member messages sent each day. Nextdoor has secured $18.6 million in venture capital since launch.
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