Self-Storage Gig Economy Platform, Neighbor, Raises Impressive Amount in Series B Round

March 24, 2021
Share this Post: 

Self-storage marketplace that uses a unique peer-to-peer model to connect storage renters with those looking for places to safely keep their belongings, Neighbor, has raised an impressive $53 million in a Series B funding round. 

Leading the round was Fifth Wall, with existing investor, Andreessen Horowitz of a 16z, and new backers, DoorDash CEO, Tony Xu, and StockX CEO, Scott Cutler.

Neighbor offers a unique way to repurpose under-utilized and vacant spaces. These spaces can be personal basements, attics, garages, or the empty floor of an office building. The ‘Host’ just has to put their space up on the Neighbor platform and someone looking for a safe place for their belongings can connect with a Host in the same way a traveler can book an Airbnb.

Unlike other aspects of the real estate sector, the self-storage industry has thrived during the pandemic. Neighbor has reported that its revenue increased some five-fold in 2020.  

CEO and Co-Founder of Neighbor, Joseph Woodbury, said in a recent statement that there are already “tens of millions of square feet in big cities, small towns, suburbs and rural areas across all 50 states,” available to rent on the Neighbor platform. 

March 24, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zumper Movoto Deal
US Portal Operators OJO Labs and Zumper Sign Listings Deal

The US real estate portal operator OJO Labs has announced that it has signed a listings partnership deal with rental...

Read More
Women In Tech Rea And Zoopla
REA Group and Zoopla Backing Women in Tech Initiatives

Both leading Australian portal operator REA Group and British property portal Zoopla have today announced measures to back women in...

Read More
Alma Media House Symmetry
Alma Media Q3 Figures Show a Healthy Company as Stock Trades at Record High

Alma Media, the operator of Finland's two largest real estate marketplaces, has released figures from its Q3 that show record...

Read More
Ke Holdings Layoffs
KE Holdings Lays Off Staff As Chinese Market Cools

KE Holdings, the operator of China's largest real estate marketplace and brokerage Beike, has laid off workers in Shanghai according...

Read More

Popular News