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Comcast VC Invests In Nextdoor

Joins $60 Million Round In Developer of Private, Neighborhood-Level Social Networks 10/29/2013 4:23 PM Eastern

Comcast Ventures was one of a handful of companies that participated in a $60-million round of funding in Nextdoor, a private social networking platform  tailored for individual neighborhoods.

The round was led by new investors, John Doerr and Mary Meeker of Kleiner Perkins Caufield & Byers (KPCB) and Lee Fixel of Tiger Global Management. Comcast Ventures, as well as previous investors, Benchmark, Greylock Partners, and Shasta Ventures, also participated.

With the new round in place, Nextdoor has raised $100 million in the last 18 months, the company said.

San Francisco-based Nextdoor, launched about two years ago, offers a free platform that allows individual neighborhoods to create private Websites to exchange contact info, offer advice and recommendations, and to organize virtual neighborhood watch groups.

Nextdoor claims that more than 22,500 neighborhoods actively use its platform -- representing one-in-seven neighborhoods across the United States. The number of neighborhoods using Nextdoor has increased 400% in the last year, the company said.

September