Peerby operates a digital neighbourhood sharing shed that lets neighbors borrow and lend household items. The platform reports over half a million shared products and says one in four households in Amsterdam is already a member. Founded in 2012, the startup aims to connect neighbors and reduce waste and emissions while delivering social and ecological impact. Management says Peerby has achieved profitability after addressing the economics of neighborhood sharing. The fresh capital will be used to increase focus on medium-sized Dutch cities following a Belgium rollout. The company plans further expansion to other European countries in late 2022 and 2023 and is supported by members, crowdfunders and professional investors. Peerby operates a website and app that enables users to borrow the things they need from people nearby. Led by founder Daan Weddepohl and based in Amsterdam, the platform reports 100,000 users and has mature communities in the Netherlands and Belgium, plus London and Berlin. It is currently emerging in six US pilot cities. The company intends to use new funds for product development and international growth, with a specific focus on expansion into 50 US cities. The article frames Peerby as a community-driven local borrowing marketplace targeting broader US rollout. Peerby operates a mobile and online app that enables users to rent and borrow items from people in their neighborhood. The company raised an undisclosed amount of venture capital from SanomaVentures. It intends to use the capital to further develop the service and to reach a broader audience. Peerby was founded by Daan Weddepohl and is based in Amsterdam, The Netherlands. The company is an Amsterdam Founder Institute graduate and is currently working on an English version of the service.

Total raised

$5M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2022