Nextdoor raises Series E at a valuation of US$1,425,000,000
According to the Nextdoor website, this application is a free, private social network for you, your neighbors and your community. They claim it's the easiest way to connect and talk with your neighbors about the things that matter in your neighborhood. They suggest when neighbors start talking, good things can happen.
During the California Wildfires, this site was used by neighbours to share information and to assist each other with appropriate responses to a rapidly changing situation.
According to the Crunchbase Profile, Nextdoor has raised a total of US$285,200,000 in five rounds. The application is receiving 60,899,036 monthly visits in 160,000 communities in the US, UK and Germany. The San Francisco based company was organized in 2010 and hopes to gather up neighbours around the globe into an ecosystem that supports and encourages community activities.
Although the focus of the free service currently seems to be on gathering subscribers, management says monetization of the application will eventually rely upon listings for real estate and other items that neighbours wish to share. There are parallels with applications such as Craig's List and eBay.
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