Fenwick Represents Nextdoor in $170 Million Growth Financing

Fenwick & West represented Nextdoor, Inc., the world’s largest social network for the neighborhood, in its $170 million growth round. The financing – which includes the $123 million raised in May of 2019– 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.

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. More information about the deal can be obtained from Nextdoor’s announcement.

The Fenwick transaction team included corporate partner Cynthia Hess and associates Katherine Duncan, Jennifer Cho, Samuel Fleuter and Jenna Hsieh.