The valuation is double that at which the Alphabet, Comcast and Axel Springer-backed, neighbourhood-focused social network last raised money.
Nextdoor, the US-headquartered social network operator that counts corporates Comcast, Alphabet and Axel Springer as investors, agreed a reverse merger with special purpose acquisition company Khosla Ventures Acquisition Co II yesterday.
The deal will give the merged business a pro forma equity valuation of approximately $4.3bn and involve it taking the listing on the Nasdaq Capital Market acquired by Khosla Ventures Acquisition Co II in a $400m initial public offering in March this year.
The transaction will be boosted…
