Neighbor Capital Series

Neighbor operates an online marketplace that facilitates peer-to-peer storage and parking solutions. The platform connects individuals and businesses possessing underutilized space, such as garages, driveways, or spare rooms, with those seeking convenient and affordable storage options. This model diversifies the traditional storage landscape, offering various formats including vehicle storage, self-storage units, and long-term parking.

The company was founded in 2017 by Joseph Woodbury, Colton Gardner, and Preston Alder. Their collective insight recognized the vast amount of unused space in residential and commercial properties, coupled with the high costs and often inconvenient locations of conventional storage facilities. This led to the creation of a digital platform designed to monetize latent assets within local communities.

Neighbor serves two primary customer segments: hosts who earn income by renting out their space, and renters who benefit from more accessible, often cheaper, storage and parking close to home. The company envisions becoming the global marketplace that seamlessly connects neighbors, enhancing community interaction while addressing storage needs efficiently and securely for a broad range of users.