Neighbor operates a peer-to-peer marketplace that connects individuals and businesses with available storage and parking spaces, including garages, driveways, and lots, across all 50 states. This platform addresses the need for affordable and flexible storage solutions by allowing users to save up to 50% compared to traditional storage facilities, with no long-term contracts or cancellation fees.
Funding
$71.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional self-storage facilities often require long-term contracts and can be expensive, while individuals and businesses frequently have unused space that could be monetized. This creates an inefficient market where storage options are limited and underutilized space goes to waste.
Solution
Neighbor is a peer-to-peer marketplace connecting individuals and businesses seeking storage and parking spaces with hosts who have available space, such as garages, driveways, and spare rooms. The platform offers a wide variety of storage types, including self-storage units, garages, RV storage, boat storage, car storage, truck parking, and monthly/long-term parking options. Renters can search for spaces based on size, price, and location, and book online without long-term contracts, often saving up to 50% compared to traditional storage facilities. Hosts can list their unused spaces and earn passive income, while benefiting from identity verification and liability coverage.
Target Audience
The primary target audience includes individuals and businesses seeking affordable and flexible storage and parking solutions, as well as homeowners and property owners looking to monetize unused space.
Features
- Searchable marketplace with listings for various storage and parking types
- Filter options for size, price, indoor/outdoor, and location
- Online booking and payment processing
- Host identity verification and $1M liability coverage
- No long-term contracts or cancellation fees for renters
- Mobile apps for iOS and Android