http://ift.tt/1zJdU85 // 
More about Funding, Business, Advertising, Startups, and Nextdoor
from MashableTodd Wasserman
Nextdoor, a 5-year-old social network based on geographical proximity, is raising $110 million, which will give it a $1.1 billion valuation.
The investment, first reported by The New York Times and confirmed by a rep to Mashable, was led by Redpoint Ventures and Insight Venture Partners.
Nextdoor has spent the last half-decade building its network, which aims to connect people who live close to one another. The idea is similar to Yik Yak, except that members on the network aren't anonymous; instead, they must verify their names and home addresses. Nextdoor hasn't disclosed how many people are on its network, which contains some 53,000 "microcommunities" in the U.S. Read more...
More about Funding, Business, Advertising, Startups, and Nextdoor
from MashableTodd Wasserman
0 comments:
Post a Comment