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Nextdoor Raises $123M At $2.1B Valuation To Grow Globally

, a popular social network for neighbors, that it has raised a $123 million Series F led by .

Founded in 2010, Nextdoor aims to connect people who live in the same, or nearby, neighborhoods together by creating a forum for them to communicate digitally. Its presence has grown over time (I鈥檝e personally used it for years!) and currently, people in over 236,000 neighborhoods are using the platform.

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Existing backers , and also put money in this latest round, which also included 鈥渘ew participation鈥 from an unnamed large global asset manager. The financing brings San Francisco-based Nextdoor鈥檚 total raised since its inception, according to its 附近上门 profile.

Its valuation increases to over $2 billion with the funding, the company confirms. When I asked about growth metrics, a spokeswoman only said that Nextdoor expects “revenue to double again in 2019.” The company makes money from a combination of sponsored posts as well as a real estate vertical that allows agents to brand themselves as local experts in the neighborhood.

In its press release, Nextdoor said it鈥檚 planning to use its new capital toward growing internationally, having just launched in Sweden and Denmark. The company also wants to expand its existing footprint in the United States, United Kingdom, Germany, France, the Netherlands, Italy, Spain and Australia. It said it plans to grow 鈥渢hree times faster across Europe鈥 in 2019 than it did last year.

CEO Sarah Friar in a said Nextdoor will also be focusing on local businesses in 2019.

鈥淲hen they thrive, communities thrive, and there is so much we are uniquely positioned to do for them,鈥 she wrote. 鈥淗elping build their reputation, attract new customers, and improve customer loyalty will ultimately drive more sales to the local businesses that are core to our communities.鈥

As part of the latest round, , co-founder and managing partner of Riverwood Capital, will join Nextdoor’s board. In the press release, Varelas said Riverwood believes Nextdoor 鈥渞epresents the future of local community and commerce.鈥

鈥淭his investment reflects our collective belief in the power and opportunity in this space, and the Nextdoor team,鈥 he added.

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