The company continues to pull in money from private investors.
Nextdoor, the social networking platform for neighbors, has reportedly raised a $75 million Series G round.
The round, first reported by The Information, is easily one of the largest private investments in a gov tech company this year. In addition to serving as a social media site, Nextdoor has community engagement, law enforcement and polling functions for local governments to use.
According to The Information, the round appears to have Nextdoor valued at about $1.5 billion — up from $1.1 billion in 2015. An extra $75 million would put the company’s total fundraising at more than $285 million since the company launched in 2010. Its backers in the past have included Kleiner Perkins Caulfield & Byers, Greylock Partners and Benchmark.
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