Nextdoor is a hyperlocal social networking platform for neighborhoods, with local news, safety alerts, recommendations, and listings. It connects neighbors across communities and operates as a private company.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Nextdoor shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| Oct 2021 | Post-IPO | ||
| May 2019 | Series G | $2.2B | |
| Mar 2017 | Series F | $1.1B | |
| Jun 2015 | Series E | $1.8B | |
| Jan 2014 | Series D | $850M |
Nextdoor reported Q4 2025 revenue of $69 million, up 7% year over year, showing monetization traction in a still-small revenue base. Platform weekly active users were 21.0 million in the quarter, down 5% year over year, highlighting growth that depends on reversing engagement declines.
Nextdoor says its NEXT platform initiative is a comprehensive product overhaul designed to create a new user experience and make the app a daily utility for neighborhoods. The company said the overhaul was expected to deliver a completely new user experience by late July 2025, signaling a major product reset.
Nextdoor announced $123 million in funding led by Riverwood Capital, with participation from Benchmark and Tiger Global, providing capital for expansion. The company describes itself as the neighborhood network for over 100 million neighbors, suggesting a large addressable base for local services and community products.
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No. As of March 2026, Nextdoor is a private company and does not trade on any public stock exchange. Accredited investors can access Nextdoor shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Nextdoor does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Nextdoor shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Nextdoor shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Nextdoor operates a hyperlocal social networking platform for neighborhoods, generating $258M in 2025 revenue and 21M WAU in Q4 2025 as revenue rose 7%, — accredited investors can access Nextdoor stock through UpMarket.