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This startup just raised $2.5 million to be the 'Airbnb for storage' - here's how it works

Prachi Bhardwaj   

This startup just raised $2.5 million to be the 'Airbnb for storage' - here's how it works
Tech1 min read

Neighbor listing - garage

Neighbor

If you're relocating to a smaller or shared room to save on rent, chances are you're looking for a place to keep your extra things. That could mean spending up to $100 a month on a storage unit on the outskirts of town - a little more if you're only looking to store your things for a month or two, since most facilities try to lock renters into contracts.

Neighbor, a year-old company that just announced $2.5 million in its first round of VC funding, is trying to fix the self-storage industry with a peer-to-peer alternative that the CEO says is a better alternative to storage for renters, and a better use of unoccupied space than Airbnb.

Here's how it works:

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