Neighbor Network Gets $60M Boost From KPCB, Tiger Global

Law360, New York (October 29, 2013, 6:19 PM EDT) -- Neighborhood social networking service Nextdoor on Tuesday said it has secured $60 million in funding from venture capital firm Kleiner Perkins Caufield & Byers and investment firm Tiger Global Management LLC.

Co-founder and Nextdoor CEO Nirav Tolia said this new funding will further help the startup’s goals of strengthening neighborhoods. The private social media network allows neighbors to create private websites to get to know one another, exchange local advice and recommendations and organize virtual neighborhood watches to reduce crime.

“We believe that the neighborhood is...
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