Real Estate Tech: Nextdoor App

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Real Estate Tech: Nextdoor App

Nextdoor, the private social media app on which neighbors can find out about both block parties and break-ins, raised $75 million in a new round of funding that potentially values the platform at $1.5 billion. Its latest investors were not disclosed. In the past, Venture capital firms Benchmark, Greylock Partners, Kleiner Perkins Caufield & Byers and Insight Venture Partners all provided funding.

Nextdoor, led by Nirav Tolia, strives to be the internet’s “yellow pages,” connecting neighbors via a mobile app on which residents can find babysitters, realtors and the latest neighborhood news. The free service has reached over 161,000 neighborhoods across the country, according to its website, while expanding to the U.K., the Netherlands and Germany. (source: The Real Deal)