Nextdoor raises $18.6 million

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Inman Connect San Francisco, Jul 16-20, 2018

Nextdoor, a free social networking site that allows neighbors to connect and communicate privately online, today announced it had raised $18.6 million in its first round of funding from several investors, including Zillow Chairman and co-founder Rich Barton.Participants in the funding round included investment firms Benchmark Capital, DAG Ventures, Greylock Partners, Shasta Ventures, Allen & Company, and Pinnacle Ventures. In addition to Barton, individual investors included Anthony Noto, co-head of global media investment banking at Goldman Sachs, and Dave Goldberg, CEO of SurveyMonkey. Barton is also an outside board member of Nextdoor. San Francisco-based Nextdoor launched in October 2011 and has about 30 full-time employees. So far, users have created private social networks for more than 3,600 neighborhoods in every state but Wyoming and South Dakota, mainly through word of mouth. An average of 22 new neighborhood sites launch every day."It's deeply inspiring to hea...