Nirav Tolia, co-founder and chief executive officer of Inc., arrives for the morning sessions during the Allen & Co. Media and Technology conference in Sun Valley, Idaho, U.S., on Friday, July 14, 2017. The 34th annual Allen & Co. conference gathers many of America's wealthiest and most powerful people in media, technology, and sports. Photographer: David Paul Morris/Bloomberg

ISSUE – Dec. 13 | Nextdoor Raised $75 Million in New Round

Nextdoor, the social media platform for city neighborhoods, has raised $75 million at a valuation above the $1.1 billion level it reached in its last fundraising round in 2015, according to two people close to the situation.

The precise valuation couldn’t be learned. But in August, the company authorized $75 million in new Series G shares at a price that was 28% above its previous round, according to a Delaware filing. That would peg its new valuation at close to $1.5 billion. Nextdoor spokesman Steve Wymer declined to comment. [ The Information ]

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