Have you heard the latest? Nextdoor stock got off to a fast start.
The stock increased 17% in Monday’s session. Nextdoor KIND, +17.00% recently merged with Khosla Ventures Acquisition Co. II in a transaction that saw $674 million in gross proceeds, including $270 million from a fully committed private investment in public equity .
The company runs a platform that lets neighbors connect with one another about local matters. Nextdoor has a presence in 280,000 neighborhoods. Nextdoor is due to report third-quarter results after Wednesday’s closing bell. The company previously disclosed that it expects to report $52.7 million in revenue for the quarter, up 66% from a year earlier. The company’s average revenue per weekly active user was up 38% to $1.61 in the quarter. Nextdoor had 33 million weekly active users in the quarter, up 20% from a year prior.
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