Nextdoor’s $123 Million Financing

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

Nextdoor, a privately-held company based in San Francisco, is the world’s largest social network for the neighborhood. Nextdoor enables truly local conversations that empower neighbors to build stronger and safer communities.

The funding was led by Riverwood Capital, with participation from existing investors Benchmark, Tiger Global Management and Kleiner Perkins, and new participation from a large global asset manager.

The funding will be used to accelerate growth, invest in building out its world-class team and continue international expansion.

This round takes Nextdoor’s total raised to more than $400 million since its inception and gives it a valuation of $2.1 billion.

The Fenwick transaction team was led by corporate lawyers Cindy Hess (Picture), Katherine Duncan, Jennifer Cho, and Samuel Fleuter.

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

Law Firms: Fenwick & West LLP;

Clients: Nextdoor Inc.;

Author: Ambrogio Visconti