Sign up to receive 5 free days of our daily summary for tech news.

Special Offer: Try The Information and get $100 off your plan today
Startups Venture Capital

Nextdoor Valued at $2 Billion With New Financing

Nextdoor, a social media platform that connects neighbors, announced $123 million in new funding led by private equity firm Riverwood Capital on Tuesday. The new financing, which also included contributions from existing investors Benchmark, Tiger Global and Kleiner Perkins, values the company at $2 billion, reports the Wall Street Journal. Benchmark partner Bill Gurley said in an interview with...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Venture Capital Startups
How 5 Biotech Investors Are Responding to the Covid-19 Crisis

When an oxygen tank exploded aboard the ill-fated Apollo 13 in 1970, a team of NASA engineers used cardboard, plastic bags and duct tape to rescue the astronauts on board. 

Andreessen Horowitz general partner Vijay Pande, who invests out of the firm’s $750 million biotech fund, likens the Apollo 13 engineers to the entrepreneurs developing new technologies in response to Covid-19.

...

Latest Briefs
 
China’s Food Delivery App Meituan Dianping Posts First Quarter Loss
India’s Jio Launches Online Grocery in Challenge to Amazon and Walmart’s Flipkart
Alibaba Shares Slide After It Says Revenue Will Be Hurt by Covid-19
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Modest Proposals Venture Capital Startups
How Covid-19 Is Changing Seed Companies and Financing in Silicon Valley
Two months into sheltering in place, it is becoming clearer how Covid-19 is going to affect the early-stage venture community.
The Big Interview Venture Capital Startups
Snap’s Map Czar: In Five Years, Everyone Will Use Location Sharing
Zenly CEO Antoine Martin was on a weekend trip to Aspen, Colorado, in 2016 when an investor introduced him to Snap CEO Evan Spiegel over lunch.
Exclusive Media/Telecom Entertainment
Disney Shakes Up Streaming Group Following Leader’s Departure
Not long after Kevin Mayer arrived at Walt Disney Co. in the mid ’90s, employees gave the 6-foot, 3-inch former football player from the Massachusetts Institute of Technology a nickname befitting his beefy frame: Captain America.
Exclusive Startups Policy
ByteDance’s Big Ambitions
Zhang Yiming, CEO of ByteDance—a $75 billion tech conglomerate from China that is behind some of the world’s most popular apps—needed help.
Startups COVID-19
Dreams Upended: Layoffs Shatter Tech Boom
Tim McLaughlin cheered alongside doctors and nurses at an Oakland, Calif., children’s hospital one evening in late April as his 3-year-old son rang a bell to celebrate major progress with his cancer treatment.
News Analysis Uber/Lyft Policy
Reality Check: Are Food Delivery Apps Actually Awful Businesses?
In the past week, Uber’s attempt to buy Grubhub and a memorable story about DoorDash’s money-losing tactics have sparked a wave of critical press and social media dunks on the U.S.