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Nextdoor Said to Raise Capital at $500 Million Valuation

Nextdoor.com Inc., a social-networking site for neighborhoods, raised $60 million in a funding round led by Kleiner Perkins Caufield & Byers and Tiger Global Management to hire more engineers and expand overseas.

The investment values the San Francisco-based company at more than $500 million, according to people with knowledge of the matter, who asked not to be identified because the valuation isn’t public. John Doerr, an early backer of Amazon.com Inc. and Google Inc., led the investment for Kleiner Perkins, Nextdoor said today in a statement.