Nextdoor - the social network for neighbors - plans to go public at a valuation of $4b to $5b. Though the company has reportedly rejected offers from a few SPACs, it could go public through an IPO or a SPAC merger.
- Nextdoor has raised $455m in funding hitherto from investors, including Benchmark, Bond, Kleiner Perkins, and Tiger Global Management.
- Nextdoor’s valuation over the years:
- 2017 - $1.50b
- 2019 - $2.17b
- 2020 - $4-$5b (expected)
- The company offers a platform for neighbors to trade goods and services. In March, the app’s daily active users increased by 80% compared to the previous month.
- Nextdoor is said to have a presence in 268,000 neighborhoods globally.