The neighbourhood-based social media platform has now raised $400m altogether, its existing backers including GV, Comcast Ventures and Axel Springer.

Nextdoor, the US-based social media platform that counts media company Axel Springer, mass media group Comcast and internet technology conglomerate Alphabet as investors, raised $123m yesterday. Private equity firm Riverwood Capital led the round, which also featured hedge fund manager Tiger Global Management, venture capital firms Benchmark and Kleiner Perkins, and an undisclosed asset manager.…

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