Company News

Nextdoor raises $123M to accelerate the global power of local

Written by Sarah Friar

At Nextdoor, we believe in the global power of local. As we look around the world, no matter where you are, people want to belong and contribute to a real place. They want connection to the people closest to them, and they want access to locally relevant content that helps them get things done in their daily lives. It is these things, both big and small, that are the building blocks of local community. And when communities are connected, we know they are healthier, wealthier and safer, all contributing to a thriving economy and a happy place to live. It’s exciting to see neighbors in over 236,000 neighborhoods around the world turning to Nextdoor to do just this. This week, we are thrilled to welcome Denmark and Sweden to the neighborhood. Velkommen! Välkommen!

Since day one, Nextdoor has been built on trust. The fact that we require neighbors to use their real name and address encourages them to provide trusted recommendations to fellow neighbors, lend a helping hand to a neighbor in need, or rally support for a local charitable organization or initiative. Take for instance Copenhagen neighbor Diane who uses Nextdoor to meet new people after her children recently went off to college, or Stockholm neighbor Stefan who has been organizing clean up events in his neighborhood. We, at Nextdoor, relish our role in connecting neighbors and strengthening their local communities, and we know there is still more work to be done.

To build on this momentum, we are thrilled to announce $123 million in funding. With this wind in our sails, we can serve more neighbors around the globe, build out our world-class team, and enhance the platform for the neighbors, local businesses and public agencies who rely on Nextdoor everyday. We’re excited to partner with passionate and forward-looking investors who believe whole-heartedly in our vision, including Chris Varelas, co-founder and managing partner of Riverwood Capital, who will be joining our board. Chris knows firsthand the power of proximity and is an avid community builder, including his work with the Aspen Institute.

Everything at Nextdoor is built on local– it’s what makes Nextdoor an essential part of neighbors’ daily lives around the world. In 2019, we are particularly focused on local businesses. When they thrive, communities thrive, and there is so much we are uniquely positioned to do for them. Helping 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. The local multiplier effect is a well known economic outcome that we want to amplify at Nextdoor.

We are honored that so many neighbors depend on us in their daily lives and we take the responsibility very seriously. We could not be more excited about our accelerating growth, and welcoming Denmark and Sweden to our global neighborhood.


The Local Multiplier Effect (LME) is a very valuable, hidden feature of our economies. The term refers to how many times dollars are recirculated within a local economy before leaving through the purchase of an import. Famed economist John Maynard Keynes first coined the term “Local Multiplier Effect” in his 1936 book The General Theory of Employment, Interest and Money.

12 Comments

  • Sarah,

    Is right on target with her Blog. Nextdoor.com is doing more than any other organization in promoting neighborhood and nearby neighborhood business. It provides also a great medium for neighborhood residents to vote and voice their concerns and needs with City Hall through two-way open and transparent communication with local municipal government. Nextdoor.com is the best tool available for local citizen engagement and this local grassroots level. We have made heavy use of their citizen platform to get out the vote for local elections directly impacting safety and quality of life. Keep up your amazing effort at growing neighborhood voice and community.

  • Great group of people, but I don’t see anything from the Eco Heights area! Is this group is nation wide?
    I would love to mix and mingle with people is my area. I would be glad to help anyone that need help in my neighborhood!
    I too gets lonely sometimes and would love to meet new friends!
    I read a few of the posts and seem like there’s no one close in my area! Blessings to you all!!!

    • Thanks for your post. Where is Eco Heights? I live in the Weisenburger neighbored. I just recently found this group and joined it. My name is Glenda Watson, I am a retired teacher and I have lived here since 1972. I had concluded that people around here didn’t want to mingle. I would love to meet you and get to know you. I am getting ready to have hip replacement surgery on August 19th. So for now I could only visit by phone. My cell phone number is 346-302-7652. Call me sometime.

    • I live in Pelican Bay in Daytona Beach, I’m 77 yrs old and would like to meet a female or man around my age I’m widowed and like to meet the same. To play bingo and other games , go out for lunch or just chit chat. . God is great, praise his name. Amen .thanks

  • This could possibly be a great matcmaker site. Tired of the online dating jerks! and dont do bar scenes..im a widow in Woodstock looking for a friend to go to the movies, art * craft festivals. Like scrabble..It gets very loney at times staying home because u ha. No one to go out with..lady or Gentleman friend..

  • Carpinteria, Santa Barbara and Goleta California.
    Lonely active 72 year old Lady. Looking for friends. Born and raised n Santa Barbara.

  • Hi I’m Martha and I would love for something like that to get started here in my community. I live in Gloucester Virginia.

  • I love the Nextdoor Neighbor platform, it keeps us informed with information that needs to be addressed. We do discuss taxes, charitable organizations, concerns about average general concerns and possible solutions to help each other. If others need help we all make suggestions or volunteer to help each other. I think there is no better arena to address your concerns and feel comfortable knowing that someone else in close proximity it going thru the same things. I love the concept and platform and am always available to mingle and help those that just need a hello or a cup of coffee or words of encouragement. Thank Yoy Nextdoor keep up the awesome job.

Leave a Comment

Pin It on Pinterest

Shares
Share This