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Nextdoor Names Michael Kiernan as New Chief Revenue Officer

CRO

Nextdoor, Appoints, Michael Kiernan, CRO

Business Honor
15 January, 2025

Nextdoor appoints Michael Kiernan as Chief Revenue Officer to drive growth and innovation in local advertising.

Nextdoor Holdings, Inc. (NYSE: KIND), the neighborhood networking service, announced the appointment of Michael Kiernan as its new Chief Revenue Officer (CRO). With a valuation of $909.5 million, the company has experienced promising revenue growth of approximately 10% over the past year. Kiernan, who has been with Nextdoor for six years, will now oversee the global revenue function, which includes Sales, Account Management, and Ad Operations.

Kiernan joins with 15 years of go-to-market strategy experience, including holding senior leadership roles at tech titans such as X (formerly twitter), Turn, Yahoo!, and BrightRoll. Most recently, Kiernan assumed the role of interim CRO after serving as SVP of both Business Operations and Sales for Nextdoor.

Under his leadership, the company has also experienced a number of noteworthy successes, such as significant growth in the advertiser base and developing of the self-serve ads platform for Nextdoor, which contributed nearly 50% to the company's total revenue in Q3 2024.

Nirav Tolia, Co-founder and CEO at Nextdoor, notes that Kiernan's never-ending focus on delivering value for customers was his greatest strength in the company; he played an important role in growing the company's advertising capability. Kiernan's role is central to the company's mission of continuing to develop Nextdoor Ads Platform, which applies first-party data to deliver the most local targeted advertising to brands and businesses. The site has nearly 100 million Verified Neighbors and offers advertisers rich audience insights to make ads highly personalized.

Nextdoor has over 340,000 neighborhoods across 11 countries, which share local information among neighbors, businesses, and public agencies. Company monetization growth is supported by its solid financial position and strategic transformation efforts led by the on-going NEXT initiative. This strategic appointment ties into the company's future growth and transformation and ensures that Nextdoor stays ahead in terms of innovation concerning local advertising.