Nextdoor provides the local, social infrastructure for neighbors to communicate in order to facilitate commerce and community activity. Nextdoor’s highly localized community discussion forums are bringing over 200,000 neighborhoods closer together across seven countries.
Nextdoor has the opportunity to transform how communities interact with one another. Nextdoor’s focus on establishing private networks of verified neighbors allows communities to connect on a trusted platform.
Nextdoor was co-founded in 2010 by Nirav Tolia. Before that he co-founded Fanbase, was a VC at Benchmark Capital, and served as COO at Shopping.com. Today the company is led by Sarah Friar, the former CFO at Square.
Nextdoor is the trusted social infrastructure for a community. From finding a lost dog, to reporting suspicious behavior, the platform is a community’s digital foundation for its social and commerce needs.
Nextdoor’s market opportunity is about capturing the hyper-local. We estimate Nextdoor sits in a $100+ billion global market at the intersection of regional service providers, local retailers, and national advertisers.
Internet; Social; Globalization
Already in 90%+ of U.S. neighborhoods, Nextdoor continues to capture market share abroad at a rapid pace. Additionally, Nextdoor stands at the forefront to be the leader at the hyper local level, a compelling opportunity driven by the Company’s location-driven user base.
Nextdoor has the ability to exploit its hyper-local network effects to deepen the engagement it has in over 200,000 neighborhoods across seven countries.
GSVC percentage figures are based upon the fair value of each holding as of the quarter ended March 31, 2019, or the cost basis of the holding (exclusive of transaction costs) if the investment closed subsequent to March 31, 2019. In either case, these values are divided by the fair value of total portfolio investments of GSV Capital as of March 31, 2019.