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Riverwood leads $123M funding round for Nextdoor Inc. landed $123 million in a series F funding round led by Riverwood Capital LLC. The company's post-money valuation is $2.12 billion, according to S&P Global Market Intelligence data.

Existing investors Benchmark, Tiger Global Management LLC and Kleiner Perkins Caufield & Byers participated in the funding round. An unnamed large global asset manager came on as a new investor, according to a release.

Riverwood Capital co-founder and Managing Partner Chris Varelas will join Nextdoor's board.

Neighborhood-focused social network Nextdoor, which has a presence in the U.S., the U.K., Germany, France, the Netherlands, Italy, Spain and Australia, is also expanding into Sweden and Denmark.