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In May, we reported that the nine-year-old company had raised $123 million at a as part of a Series F led by . (The company said this morning the valuation remains the same). Existing backers , and also put money in that tranche of the round, which included “new participation” from an unnamed large global asset manager.

Today’s financing brings Nextdoor’s total raised since its inception, according to its Crunchbase profile. The company was founded by , , , , , and .

In a world where so many people are glued to their devices, Nextdoor is a startup that has found a way to use technology to try and help people feel a sense of community. The San Francisco-based company aims to connect people who live in the same, or nearby, neighborhoods together by creating a forum for them to communicate digitally. Its presence has grown over time and currently, people in over 247,000 neighborhoods in ten countries are using the platform. (That’s a gain of 11,000 from its May figure that I reported at the time.) It has more than 300 employees globally.

In May, when I asked about financial growth metrics, a spokeswoman only told me that Nextdoor expects “revenue to double again in 2019.” The company makes money from a combination of sponsored posts as well as a real estate vertical that allows agents to brand themselves as local experts in the neighborhood.

Bond General Partner Mary Meeker joins the company’s board as part of the financing event.

“Nextdoor is built on trust – verifying each members’ name, address and neighborhood – which creates the transparency and accountability that is core to building communities,” she said in a written statement. “Nextdoor is connecting people to the information and services that matter most, and I am excited to work with this impressive team to help expand Nextdoor’s local utility as well as its growing global footprint.”

Nextdoor’s revenue growth puts it in good company; growing over 100 percent is comfortable unicorn territory. But with the public markets wobbling, recession worries mounting, and trade tensions persisting, having more capital aboard is likely a welcome insurance policy for the company against market disturbances.

Finally, the deal brings Meeker into an investment where her former employer Kleiner Perkins holds a stake. Though her exit from KPCB marked the end of an era, it’s doubtful that the older firm minds that Meeker and Bond are putting more capital into Nextdoor; after all, she’s putting more dry powder in an investment that could generate material markups and liquidity. (For more on Kleiner’s new life, head here for notes from our time with a number of its new partners.)

Illustration:

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It’s Internet Trends Report Day! If you just want to see the slides, check ‘em out below, or view the document . An can also be found on Bond’s website. (Thanks to at TechCrunch for .)

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Here’s some of what we gathered from a quick skim of the report:

• Over half the world’s population has some connection to the Internet. However, adoption of smartphones, a major catalyst of Internet adoption over the past decade, may be plateauing, with new phone shipments declining for the second consecutive year.
• Countries in Africa, the Middle East, and the Asia-Pacific region are the last markets where Internet adoption remains below 50 percent. Accordingly, revenue and market capitalization growth among the world’s largest tech companies is starting to slow, likely exacerbated by recent geopolitical unease.
• As a percent of U.S. retail, e-commerce now accounts for 15 percent of total spending. Powering that is online advertising, which has experienced a dramatic shift in spending from desktop to mobile, as we all spend more time with our handheld devices.
• Google and Facebook still dominate online advertising, but relative underdogs like Amazon, Twitter, Pinterest, and Snap are accelerating revenue growth. Despite an abundance of advertising platforms and better targeting capabilities, the cost of converting folks into app users is also on the rise, which may not be sustainable.
• Digital media like streaming video and podcast-listening are taking up more of our time, and time spent on mobile devices finally eclipsed TV. Over a quarter of U.S. adults are now online “almost constantly,” up from 21 percent three years ago.
• Social media continues to be a megaphone, which carries its ups and downsides. Major platform providers are upping their efforts to moderate incendiary and unpalatable content; despite these efforts, overall belief that the Internet is good for society is on the decline. And so is global Internet freedom.
• The Internet is also changing the ebbs and flows of supply and demand. In America, there are now millions of people supplying labor to gig-economy digital work platforms, and millions more consumers demanding these services.

Meeker (and whomever else helps to put this slide deck together) cites all statistics with their sources at the bottom of each slide.

At 334 slides in total, ’s 2019 presentation on Internet trends is the second longest to date. Slide counts in this report is a sort of meta-trend we at Crunchbase News covered in June 2018 and 2017. 2019’s is the first such report Meeker released since launching her new late-stage venture firm, , after many years at .

Unfamiliar with the Internet Trends Report and the person behind it? Here’s the low-down.

Mary Meeker is a venture capital investor with a lot of successful investments under her belt. Some folks refer to her as “queen of the Internet,” a title bestowed upon her in the early days of the WWW, when she was a research analyst at . In 1995, she and a colleague from Morgan Stanley published the first of what would become an annual series of reports about, well, the Internet.

Ergo “The Internet Trends Report.”

Fast forward past the bust of the first Dot Com bubble to 2010, when Meeker departed Morgan Stanley to join Kleiner Perkins. According to from the time, “Ms. Meeker and KPCB go back nearly two decades, having first worked together on the 1993 initial public offering of software company , which was funded by KPCB and taken public by Morgan Stanley.” Meeker also served as principal analyst for the investment bank during Google’s IPO in 2004. , a partner at Kleiner Perkins, was on the board of Google, another connection.

At Kleiner Perkins, Meeker in its late-stage dealings with the likes of , , , , , and . Her last known deal with the firm was payment infrastructure provider , which was announced in December 2018.

As Crunchbase News covered at the time, Meeker’s Plaid deal was reportedly her last on behalf of Kleiner Perkins. Meeker in September 2018 that she would depart to start her own late-stage firm. In January 2019, reports surfaced that Meeker’s new firm would be called Bond Capital. In late April, the new firm said it had closed $1.25 billion for Bond’s first late-stage fund. Bond’s first reported investment was a raised by Australia-based web-first drag-and-drop design tool .

To this day, Meeker’s reports anchor her influence on the world of tech and venture capital. Which is all to say that it pays to leave a paper trail, and that there’s fortune to be found in stacking the (slide) deck higher over time.

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Fortune’s this week in Silicon Valley. But Meeker’s new capital concern, the freshly-dubbed Bond, is actually wealthier than you might have guessed.

A $1.25 billion fund — the amount that Bond has raised — is only so big in the era of SoftBank’s epic $100 billion Vision Fund (which don’t forget, it wants more capital), but it’s actually larger than what Meeker has had at her disposal to-date.

Pulling , here’s a look at the history of Meeker’s three Kleiner-dubbed funds and the newly-established Bond vehicle:

In short, Meeker has a quarter billion dollars more to work with than she did before. That’s a lot of money to play with.

And, as we track huge funding rounds, it seems she won’t lack for places to deploy the capital; the private market has a host of huge companies inside its arms that will need more funding to continue. In a sense, the endemic lack of profitability among unicorns today is an opportunity for Meeker.

I suspect that taking capital from Meeker will retain all prior cachet, despite losing the Kleiner tag. Indeed, among younger founders, I wonder if her brand isn’t simply bigger than her former employer’s own. (That said, the seem like fine folks in person; we’ll see how they do when the returns come in).

The only concern I can see on the horizon for the newly-capitalized Meeker is the macro climate. As we noted earlier this week, the markets are hot at the moment. But momentum is reversible. And we’re overdue for a correction. How growth capital fares in a bear market will be interesting to watch.

Illustration: .