USA – Neighbor, a Phoenix, AZ-based outdoor furniture brand, closed a Series A funding round of undisclosed amount.
Strand Equity made the investment. The company intends to use the funds for product development, team expansion, and marketing initiatives. Founded in 2020 by Nick Arambula, Mike Fretto, and Chris Lee, Neighbor is a furniture brand offering a signature collection made of sustainably harvested solid teak wood, weather-resistant and fast-drying foam cushions, and life-proof Sunbrella® upholstery that will not fade. Its modular system enables any configuration.The company, which has secures e-commerce distribution partners like Crate & Barrel, plans to expand their highly sought-after Haven collection, creating new outdoor collections, and extending into more outdoor goods in 2023.22/03/2022
