Nextdoor Generated $132.8 Million in Revenue from 9M Ended Sep 2021

Posted on 11/22/2021

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San Francisco-based Nextdoor Holdings is going public. According to the prospectus, Nextdoor generated US$ 132.87 million in revenue in the 9 months ended September 30, 2021. However the company lost US$ 66.002 million for that same period.

Nextdoor is in more than 285,000 neighborhoods around the world. In the United States, nearly 1 in 3 households use Nextdoor to access get information about their neighbors. In 2016, Nextdoor started to build a sales force to target large brands. In 2020, Nextdoor launched a self-serve advertising platform to allow all businesses to procure advertisements.

On July 6, 2021, Nextdoor, Inc. entered into the Merger Agreement with Merger Sub and KVSB – Khosla Ventures Acquisition Co. II.