Fenwick & West LLP represented Nextdoor.com, Inc., the private social network for you, your neighbors and your community, in its recently announced $21.5 million investment. The round was led by Greylock Partners, and included participation from existing investors Allen & Co., Benchmark Capital, DAG Ventures, Pinnacle Ventures and Shasta Ventures. New investors Bezos Expeditions and Google Ventures joined in the round as well. As part of the investment, Greylock’s General Partner, David Sze, has joined the Nextdoor board of directors.
The company plans on utilizing the new funds to expand its online community to more neighborhoods and begin to explore ways to make money. More information about Nextdoor can be obtained from the company website.
The Fenwick transaction team was led by corporate partner Cindy Hess; and corporate associates Katherine Duncan and Seth Oranburg