San Francisco-based company Nextdoor has secured $123 million in Series F funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 14 and led by Riverwood Capital.
According to its Crunchbase profile, "Nextdoor is the world’s largest private communications platform for neighborhoods. On Nextdoor, neighbors create private online communities that help build stronger and safer places to call home. Building connections in the real world is a universal human need."
The nine-year-old company has raised five previous funding rounds, including a $75 million Series E round in 2017.
The round brings the total amount of funding raised by San Francisco companies in the community and lifestyle space over the past month to $569 million, an increase of $541 million from the month before. The local community and lifestyle industry has seen 81 funding rounds over the past year, securing a total of $14 billion in venture funding.
In other local funding news, aerospace and electronic design automation company Tempo Automation announced a $45 million Series C funding round on May 14, led by Point72 Ventures.
According to Crunchbase, "Tempo Automation is the world’s fastest electronics manufacturer for prototyping and low-volume production of printed circuit board assemblies. Tempo is changing the way electronics are developed by optimizing the process of creating prototypes with new levels of speed, precision, and transparency. Tempo’s San Francisco-based connected factory is powered by proprietary automation software, creating an unbroken digital thread from design to delivery, enabling hardware developers to innovate faster."
Founded in 2013, the company has raised three previous rounds, including a $20 million Series B round in 2018.
Meanwhile, web browser company Brave raised $30 million in Series A funding, announced on May 16. The round was financed by Brendan Eich.
From the company's Crunchbase profile, "Brave Software focuses on increasing browsing speed and safety for users, while growing ad revenue share for content creators. Brave aims to transform the online ad ecosystem with micropayments and a new revenue-sharing solution to give users and publishers a better deal, where fast, safe browsing is the path to a brighter future for the open web."
Brave last raised $35 million in an initial coin offering in 2017.
Also of note, drones and delivery company Volans-i raised $20 million in Series A funding, announced on May 13.
From Crunchbase, "Volans-i builds and operates long-range, high-payload unmanned aerial systems for various applications, such as delivery of spare parts and medical supplies. We help our customers save millions of dollars on down-time costs, receive life-saving supplies when needed most, and conduct demanding industrial jobs."
The company previously raised $5 million in seed funding in 2018.
Rounding out the city's recent top local funding events, personal health company Core raised $4 million in seed funding, announced on May 16 and led by Spero Ventures.
From Crunchbase, "Core provides a unique meditation experience using haptics and biofeedback to guide progress and personalize techniques. With a device, app and community experiences, Core makes meditation easier, approachable, and tailored to your specific needs and goals, getting smarter about you over time. Whether you're seeking relief from stress, better sleep, or a performance boost, we're here to help you build a habit of meditation that really works for you."
The company previously raised convertible note funding in 2018.
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