Nextdoor, a social network for neighborhoods, has raised $110 million in funding led by Redpoint Ventures and Insight Venture Partners, both new investors. Meritech and Coatue were the other fresh backers participating in the round, while existing investors included Benchmark, Greylock Partners, Tiger Global Management, Kleiner Perkins Caufield & Byers, Comcast Ventures, and Shasta Ventures. “We founded Nextdoor with an ambitious mission: to use the power of technology to build stronger and safer neighborhoods everywhere,” said Nirav Tolia, Co-Founder and CEO of Nextdoor. “The response from our members has been incredible. People truly want to bring back a sense of community to the neighborhood and we’re humbled to be a part of it.” Nextdoor, which has raised $210 million to date, plans to use the latest funds for product development.
Luxury fashion marketplace Farfetch is now valued at $1 billion, following an $86 million funding round from investors such as DST Capital, Conde Nast, Vogue and Vitruvian Partners. The London, U.K.-based company is planning to expand internationally with the new funds. Farfetch is targeting Asia and Australia and has launched Chinese, Russian and Japanese language sites. The company has previously raised more than $100 million.
On-demand parking service Luxe has secured a $20 million Series A round of funding, led by Venrock. Redpoint Ventures also participated in the round. The company will use the funding to increase the availability of its service across the U.S. Services in Boston, Chicago and Seattle will be available this quarter, as will an Android version of the app. “Parking in the core of most cities is a nightmare and apps that list garage locations, parking prices, or handle payments have not solved the problem,” said Ascher. “Luxe’s service oriented solution turns a headache we all routinely encounter into an awesome experience. It’s an operationally complex business but the Luxe team blew us away with their vision and focus on execution.”
Alation, which provides data accessibility solutions, has raised $9 million in Series A funding. Costanoa Venture Capital led the round, with participation from Andreessen Horowitz, Bloomberg Beta and General Catalyst Partners. “Organizations still struggle with quickly finding, understanding and using the right data,” said Satyen Sangani, co-founder and CEO of Alation. “Data-driven enterprises have voracious appetites for information and continue to make massive investments in data management platforms like Hadoop and business intelligence software like Tableau. While these technologies help with computation, storage, and visualization, ironically they make it harder to navigate the ocean of data. Alation helps people get to key insights faster.”