Neyborly is a technology company.
Neyborly has raised $3.2M across 2 funding rounds.
Neyborly has raised $3.2M in total across 2 funding rounds.
Neyborly is a technology-enabled platform operating a network of turnkey storefront spaces available for rent by the hour, day, or month, transforming vacant retail spaces into active hubs for pop-ups, events, meetings, and community activities.[1][2][4] It serves businesses, artisans, direct-to-consumer (D2C) brands, and event organizers by solving the problem of underutilized urban commercial real estate, enabling flexible, short-term access without long-term leases.[2][3] The company pivoted from a shared artisan retail model to hourly rentals, achieving early traction with $100K monthly revenue and partnerships like Rent the Runway, positioning it to capitalize on the resurgence of in-person retail post-D2C growth.[2]
Neyborly was founded by Ben Seidl in 2016, driven by his "startup itch" to repurpose urban spaces and make neighborhoods more vibrant.[2] The initial concept was a shared retail space for artisans, but after three months, Seidl pivoted in January 2017 to hourly commercial rentals for events, meetings, and pop-ups to cover leasing costs.[2] Early funding came from loans via Square, Clover, and QuickBooks, as VC interest waned amid a preference for high-margin SaaS; despite solid revenue and major partnerships, the commercial real estate focus proved challenging.[2] Based in California, the company evolved into a marketplace bridging digital brands with physical presence.[2][5]
Neyborly rides the trend of hybrid retail resurgence, where D2C brands like Italic expand from online to physical experiences amid shifting consumer preferences for in-person shopping and community building.[2] Timing aligns with post-pandemic recovery, high urban vacancy rates from e-commerce disruption, and the need for agile spaces—market forces favoring flexible models over rigid leases.[1][2][4] It influences the ecosystem by enabling startups to test retail viability cost-effectively, bridging digital-native companies to brick-and-mortar, and revitalizing neighborhoods as "active social destinations."[2][4]
Neyborly's pivot to hourly rentals demonstrated adaptability, setting it up for growth as D2C brands seek physical footholds and urban spaces demand activation.[2] Next steps likely include scaling partnerships with burgeoning retail players and tech enhancements for seamless bookings, while trends like experiential commerce and pop-up culture propel expansion.[2] Its influence could evolve by standardizing short-term CRE marketplaces, potentially attracting renewed VC amid proptech interest, ultimately redefining how tech unlocks underutilized real estate for vibrant, community-driven retail.[1][2][4]
Neyborly has raised $3.2M in total across 2 funding rounds.
Neyborly's investors include 01 Advisors, 75 & Sunny, Acrew Capital, AllerFund, Altimeter Capital, Ardent Venture Partners, B Capital Group, Bessemer Venture Partners, Better Food Ventures, Blossom Capital, Bonfire Ventures, Boosted Commerce.
Neyborly has raised $3.2M across 2 funding rounds. Most recently, it raised $3.0M Seed in November 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2020 | $3.0M Seed | 01 Advisors, 75 & Sunny, Acrew Capital, AllerFund, Altimeter Capital, Ardent Venture Partners, B Capital Group, Bessemer Venture Partners, Better Food Ventures, Blossom Capital, Bonfire Ventures, Boosted Commerce, Bryant Stibel, Cherubic Ventures, Craft Ventures, Electric Ant, Expa, Fifth Wall, First Round Capital, General Catalyst, Gradient Ventures, LaunchPad, Lead Edge Capital, Jared Hecht, Operator Collective, Pelion Venture Partners, Pro Founders Capital, QED Investors, Sapphire Ventures, Shine Capital, SOSV, Sound Ventures, Staley Capital, SV Angel, Torch Capital, UP.Partners, Wilshire Lane Capital, Aaron Levie, Adrian Aoun, Dylan Field, Eddie Hartman, Elie Seidman, Eric Wu, Evan Brown, Gokul Rajaram, Jeffrey Wilke, Jenna Hannon, Jeremy Zimmer, Josh Yguado, Karl Peterson, Kevin Lin, Michael Ryan Dubin, Michael Stoppelman, Saturnin Pugnet, Scott Belsky, Sean Rad, Steve Chen, Vivek Patel, Will Herman | |
| Feb 1, 2019 | $180K Seed | Pro Founders Capital, SOSV, UP.Partners, Will Herman |