About Neighbor
Neighbor is a company based in Lehi (United States) founded in 2016.. Neighbor has raised $74.05 million across 6 funding rounds from investors including Fifth Wall, Tony Xu and Scott Cutler. Neighbor offers products and services including Self Storage, RV Storage, Boat Storage, Car Storage, and Monthly Parking. Neighbor operates in a competitive market with competitors including Clutter, MakeSpace, Flowspace, SmartStop Self Storage and ReadySpaces, among others.
- Headquarter Lehi, United States
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Sectors
Transportation, Automotive & LogisticsBusiness Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Neighbor Storage, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$74.05 M (USD)
in 6 rounds
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Latest Funding Round
$6 M (USD), Series B
Jan 17, 2024
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Investors
Fifth Wall
& 8 more
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Employee Count
Employee Count
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Products & Services of Neighbor
Neighbor offers a comprehensive portfolio of products and services, including Self Storage, RV Storage, Boat Storage, Car Storage, and Monthly Parking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for renting personal storage spaces nearby.
Service for securing recreational vehicles outdoors.
Option for storing boats in safe locations.
Facility for parking and storing cars securely.
Flexible monthly spots for vehicle parking needs.
Spaces for commercial truck storage and access.
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Funding Insights of Neighbor
Neighbor has successfully raised a total of $74.05M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $6.0M
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First Round
First Round
(21 Jul 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2024 | Amount | Series B - Neighbor | Valuation |
investors |
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| Apr, 2022 | Amount | Debt – Conventional - Neighbor | Valuation |
investors |
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| Mar, 2021 | Amount | Series B - Neighbor | Valuation | Fifth Wall |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Neighbor
Neighbor has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Fifth Wall, Tony Xu and Scott Cutler. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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US focused early-stage VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Neighbor
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Neighbor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Neighbor Comparisons
Competitors of Neighbor
Neighbor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clutter, MakeSpace, Flowspace, SmartStop Self Storage and ReadySpaces, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Moving and on-demand storage services are provided for physical belongings.
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| domain | founded_year | HQ Location |
On-demand storage and local moving services are offered.
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| domain | founded_year | HQ Location |
E-commerce fulfillment platforms are provided for businesses.
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| domain | founded_year | HQ Location |
Self-storage units and services are provided for diverse needs.
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| domain | founded_year | HQ Location |
On-demand warehouse spaces are provided for small and medium businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Neighbor
Frequently Asked Questions about Neighbor
When was Neighbor founded?
Neighbor was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Neighbor located?
Neighbor is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Is Neighbor a funded company?
Neighbor is a funded company, having raised a total of $74.05M across 6 funding rounds to date. The company's 1st funding round was a Series B of $54M, raised on Jul 21, 2017.
What does Neighbor do?
Founded in 2016 and based in Lehi, United States, Neighbor operates as an online peer-to-peer marketplace within the storage services sector. Hosts with available space are linked to renters seeking local options. Renters are enabled to search listings, compare locations based on specific requirements, and complete payments via the platform. Operations focus on facilitating secure, community-based storage solutions across targeted geographies.
Who are the top competitors of Neighbor?
Neighbor's top competitors include Clutter, Flowspace and SmartStop Self Storage.
What products or services does Neighbor offer?
Neighbor offers Self Storage, RV Storage, Boat Storage, Car Storage, and 2 more products and services.
Who are Neighbor's investors?
Neighbor has 9 investors. Key investors include Fifth Wall, Tony Xu, Scott Cutler, Andreessen Horowitz, and Jonathan Johnson.
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