Nextdoor SPAC Presentation Deck

Multiple drivers of monetization $8.00 $6.00 $4.00 $2.00 $0.00 $4.36 +13pts $0.57 +0.6pts $0.03 Q1'20 US ARPU Engagement Ad Delivery +17pts $0.75 +31pts $5.71 Local Q1'21 US ARPU ARPU shown above is calculated by annualizing U.S. revenue divided by the average weekly active users (WAU) in the period. Increased engagement, improved fill rates, and non-supply dependent local revenue all drive growth 31% growth Y/Y in Q1'21, accelerating from Q4'20 34

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