Startup profile · funding coverage
Neighbor funding, valuation and investors
Peer-to-peer marketplace for residential storage — 'Airbnb for self-storage.'
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$53M · March 2021
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$63M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b · Lehi, UT
Overview
Neighbor connects people with unused storage space (garages, basements, driveways) to renters needing affordable storage — a peer-to-peer alternative to traditional self-storage facilities. a16z led a $10M Series A in January 2020. Fifth Wall led a $53M Series B in March 2021 with a16z participating.
Why Neighbor is interesting
Proptech marketplace repurposing garages and basements — a16z led Series A; Fifth Wall led $53M Series B as storage costs drove renters to cheaper neighbor-hosted space.
Product & use cases
Neighbor's marketplace lets hosts list storage space with pricing and availability; renters book monthly storage near their location. The platform handles payments, insurance, and dispute resolution.
- Affordable residential storage near renters' homes
- Monetizing unused garage and basement space
- Short and long-term vehicle and item storage
Key facts
- Series A (Jan 2020): $10M led by a16z — Crunchbase News
- Series B (Mar 2021): $53M led by Fifth Wall (/fund/fifth-wall) — TechCrunch
- Peer-to-peer storage marketplace
Funding history (newest first)
Series B
2021-03 $53MSource: Read source · techcrunch.com
Investors in our directory
Funds linked from Neighbor's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Hyperlocal peer-to-peer model offers lower prices than Public Storage/Extra Space in many markets — supply comes from existing residential space.
Self-storage is a $40B+ US market dominated by REITs. Neighbor's P2P model undercuts on price but faces trust, insurance, and supply density challenges. Fifth Wall's Series B validated proptech investor interest.
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Public Storage incumbent
Traditional self-storage REIT.
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Extra Space Storage incumbent
National storage facility chain.
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Peerspace adjacent
Space rental marketplace; events focus.
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StoreAtMyHouse direct
Similar peer storage marketplace.
Notable stories
- Neighbor's founders started the company after experiencing frustration with expensive, distant self-storage units — betting homeowners would share unused space cheaply.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Neighbor's financing or category context.
FAQs about Neighbor
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.