How does Nextdoor make money?
Until this year, Nextdoor had been entirely funded by venture capital firms including Benchmark, Greylock Partners, Kleiner Perkins Caufield & Byers, Tiger Global Management and others.
Recently, we have begun testing sponsored content from a select group of businesses who we believe have valuable products and services to share with Nextdoor's members.
We have always believed that there is a tremendous opportunity to connect neighbors with businesses that serve the local community. Testing sponsored posts will help us achieve this goal while generating the revenue we need to create a sustainable business.