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Venture Capital News: Neighbor Announces Series A Close

2022-03-22
PHOENIX, AZ, Outdoor furniture brand, Neighbor, announces today the closing of a Series A funding round from Strand Equity.
The funding round will support new product development, team expansion, and marketing initiatives. The multi-billion-dollar outdoor furniture industry has grown significantly with increased consumer willingness to invest in quality pieces while spending more time at home, as proven evident throughout the pandemic. Neighbor identified the opportunity to bring a modern approach to the comfort of outdoor living with thoughtfully chosen, sustainable materials and timeless designs.

Founded in 2020 by Nick Arambula, Mike Fretto, and Chris Lee, Neighbor aims to create a seamless transition to underutilized square footage outdoors with furniture that's designed with indoor sophistication and crafted to withstand the forces of nature. Their signature collection is made of sustainably harvested solid teak wood, weather-resistant and fast-drying foam cushions, and life-proof Sunbrella┬® upholstery that will not fade. Neighbor's furniture is designed to fit any space; its modular system enables any configuration. For more information, visit www.hineighbor.com.
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