The Nextdoor SPAC merger is set to go public for $4.3 billion.

July 6, 2021

Earlier this year, Nextdoor, the social media app for neighborhoods, planned to go public through a merger with Khosla Ventures Acquisition Co II. The merger will result in gross proceeds of $686 million. A total of $270 million will come from Baron Capital Group, accounts advised by T. Rowe Price Associates and Ark Invest of Cathie Wood. The success of Nextdoor has been a part of our portfolio since 2017, and we look forward to continuing to support it.