Nextdoor’s $170 Million Financing

Fenwick & West represented Nextdoor, Inc. in the transaction.

Nextdoor closed $170 million growth round.

The financing was completed by Bond, the global technology investment firm, with participation as previously disclosed from new investor Riverwood Capital and existing investors Benchmark, Tiger Global Management and Kleiner Perkins. Bond’s Mary Meeker will also join Nextdoor’s board of directors.

Nextdoor, a privately-held company based in San Francisco, is the world’s largest social network for the neighborhood.

The funding will enable Nextdoor to continue expanding globally and enhancing local business offerings and will further cement Nextdoor as the essential local platform for neighbors around the world.

Fenwick represented Nextdoor with a team included corporate partner Cynthia Hess (Picture) and associates Katherine Duncan, Jennifer Cho, Samuel Fleuter and Jenna Hsieh.

Involved fees earner: Jennifer Cho – Fenwick & West LLP; Cynthia Clarfield Hess – Fenwick & West LLP; Katherine Duncan – Fenwick & West LLP; Samuel Fleuter – Fenwick & West LLP; Jenna Hsieh – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Nextdoor Inc.;

Author: Ambrogio Visconti