Nextdoor was founded in 2008 by Sarah Leary, Nirav Tolia, Prakash Janakiraman, and David Wiesen. In an interview with The Wall Street Journal in May 2019, CEO Sarah Friar stressed that the company is “heads down building a really big impactful business” when asked about the prospects of an exit.
Nextdoor is a private social networking company for people’s neighborhoods. While the company does not disclose user or financial information, the WSJ reported in the same interview that the company has said it has user groups in approximately 230,000 communities. The company has raised over $450 million in Venture Capital funding from investors including Hercules Capital, IVP, Riverwood Capital, SharesPost, Coatue Management, Meritech Capital Partners, Comcast Ventures, Kleiner Perkins, Tiger Global Management, GV, Greylock Partners, Benchmark, and Shasta Ventures. From company press releases, Nextdoor last raised $170 million in September 2019 at a post-money valuation of over $2 billion.