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Nextdoor Welcomes Streetlife Members Following Multi-Million Pound Acquisition

Nextdoor becomes largest neighbourhood platform in Europe; Streetlife site to close

London, UK, 6th February 2017 – Nextdoor, the free and private social network for neighbourhoods, today announces that it has reached a definitive agreement with British start-up, Streetlife, for a multi-million pound acquisition. The transaction will create the largest online platform for neighbours anywhere in Europe. Starting today, both companies will work together to invite Streetlife's 1.5 million members to sign-up for Nextdoor, available on desktop, mobile and native apps. No member data will be transferred without the explicit approval of a Streetlife member, and the Streetlife website will shut down following a short transition period.

Both Nextdoor and Streetlife have a shared mission to use the power of technology to build stronger, safer and happier local communities. Neighbours use both platforms to exchange trusted recommendations for local tradesmen, find lost pets, organise neighbourhood watch, form sports and social clubs, petition the local council, publicise community events, and, above all, to get to know other people in their neighbourhood. A poll for Nextdoor by OnePoll, published today, finds that 33% of people in the UK don’t know a single one of their neighbours well, and 10% can’t even name the person who lives next door.

Since launching in the UK just four months ago, Nextdoor has been inundated with interest from neighbours across the country who want to bring Nextdoor to their communities. Nextdoor members have quickly established thousands of online communities in towns and cities across the country, including over 40% of London neighbourhoods. Before today’s announcement, Nextdoor was already growing ten times more quickly in the UK than when the company launched in the United States, making it one of the fastest-growing social networks in the UK.

Today, more than 125,000 Nextdoor neighbourhoods across the U.S. rely on the neighbourhood network. This transaction marks a significant moment in Nextdoor’s international expansion, and follows the company’s first successful entry into the European market in the Netherlands. Today, over 35% of Dutch neighbourhoods are using Nextdoor, following a successful February 2016 launch. Nextdoor is already pursuing expansion plans in France, Germany and several other European countries.

The deal - an acquisition of assets of Streetlife - means that from today, Streetlife members will be able to join their neighbours on Nextdoor by moving their profile. The Streetlife website and mobile apps will cease operations over the coming weeks, and members will be able to access their own legacy content during a 90-day transition period. Following the transition, Matthew Boyes, Streetlife’s Founder, will join Nextdoor as an Advisor and contribute his expertise in building thriving online communities.

Nirav Tolia, CEO of Nextdoor, said:

“Streetlife has built a wonderful, engaged community of neighbours, and we’re excited to welcome them to Nextdoor. Ultimately, this deal will help deliver on our mission to create the most useful neighbourhood network in the UK – one that can be used by every neighbour, in every neighbourhood, every day.”

Matthew Boyes, Founder of Streetlife, said:

“This is a fantastic outcome for Streetlife and our members. Ever since we first launched, our aim has been to build stronger, better connected communities, and teaming up with Nextdoor - with whom we have a shared mission - is a natural progression. It’s been an incredible journey so far, and I’m delighted that this deal will secure a long-term home for our members.”

Karen Riozzi, a member of both Streetlife and Nextdoor in South Ayrshire, said:

“As a member of both Nextdoor and Streetlife, it’s great news that we’re all going to be together in one place. Now it will be easier and more convenient for me and my neighbours to stay connected to everything in my neighbourhood.”
About Nextdoor.com, Inc.

Nextdoor (nextdoor.co.uk) is the private social network for neighbourhoods. Using Nextdoor's platform, available on the Web and on mobile devices, neighbours create private online communities where they get to know one another, ask questions, exchange advice and recommendations, and address crime and safety concerns. More than 125,000 neighbourhoods across the United States are using Nextdoor to build stronger and safer places to call home. Headquartered in San Francisco, Calif., Nextdoor is a privately-held company with the backing of prominent investors, including Benchmark, Greylock Partners, Tiger Global Management, Kleiner Perkins Caufield & Byers, and others.

For additional information and images: nextdoor.co.uk/newsroom

Statistics

Polling data collected in a study of more than 2,000 people across the UK, conducted in August 2016 by One Poll. For full breakdown: nextdoor.co.uk/newsroom

Contact information

Max Chambers, Director of Communications, United Kingdom, max@nextdoor.com 07860 602827