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: https://techcrunch.com/2021/03/03/neighbor-storage-53m/
Series A
2020-01 $10MInvestors 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
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.
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