Neighbor raises $2.5M for its peer-to-peer storage marketplace

In big cities, it’s not very hard to find a facility to store your stuff. They’re basically everywhere in cities like New York and San Francisco, but that’s not really the case in a lot of places around the country, however, including smaller cities.

In those places, a storage facility will be in some out of the way, industrial part of town and those facilities also lock people into contract leases. So what winds up happening is people wind up with their stuff being far away from their home, locked into a contract they can’t break. Not to mention it’s also very expensive.

These are the problems being tackled by Neighbor, a peer-to-peer self-storage company, that allows people to store their goods in their neighbor’s houses.

Already used by thousands of people in its core market, the Salt Lake City-based Neighbor is ready to begin expanding, so it announced on Wednesday that it raised $2.5 million in seed funding from Peak Ventures and Pelion Ventures.

Read the full story on Vator’s Financial Trends and News