Fenwick & West LLP represented Nextdoor.com, Inc., San Francisco based private online social network for neighborhoods, in its recently announced investment of $18.6 million financing. The transaction was led by DAG Ventures, with participation from Benchmark Capital, Greylock Partners, Shasta Ventures, Allen & Co., Pinnacle Ventures, individual investors Rich Barton (Chairman and Co-Founder of Zillow), Anthony Noto (Co-Head of Global Media Investment Banking of Goldman Sachs) and Dave Goldberg (CEO of SurveyMonkey).
Much of the funds from this investment round will go towards growing Nextdoor.com’s staff of approximately 30, adding to its engineering team to help roll out new features.
More information about the investment can be obtained from the Nextdoor.com website.
The Fenwick transaction team was led by corporate partner Cindy Hess and corporate associate Katherine Duncan.