- Neighbor, a Lehi, Utah-based self-storage marketplace, closed a $53M Series B funding round
- The round was led by Fifth Wall with participation from returning investor Andreessen Horowitz and additional funding from DoorDash CEO Tony Xu and StockX CEO Scott Cutler
- The company also intends to use the funds to expand its nationwide network of hosts and renters and make additional strategic hires
- Neighbor is a self-storage marketplace that connects people who have unused space in their garages, attics, basements and driveways to renters who are looking for affordable storage
- The company is expanding its reach adding commercial and residential property owners turning under-utilized or vacant areas into meaningful passive income opportunities to the network
- Neighbor provides a $25,000 renter guarantee for items stored and a $1 million host liability guarantee so neighbors
