Venture • Furniture

Strand Equity Invests In Neighbor

On March 22, 2022, growth capital firm Strand Equity invested in furniture company Neighbor

Investment Context
  • This is Strand Equity’s 1st transaction in the Furniture sector.
  • This is Strand Equity’s 26th transaction in the United States.
  • This is Strand Equity’s 2nd transaction in Arizona.

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Investment Summary

Date March 22, 2022
Target Neighbor
Sector Furniture
Investor(s) Strand Equity
Deal Type Venture

Target Company

Neighbor

Phoenix, Arizona, United States
Neighbor is a digitally-native modern outdoor furniture brand offering high-quality products at accessible price points. Neighbor is based in Phoenix, Arizona.
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Investor Overview 1

DESCRIPTION

Strand Equity Partners is a growth equity firm investing in companies from the consumer industry. Prospective transaction types include management buyouts and growth financings. Strand Equity Partners was formed in 2012 and is based in Los Angeles, California.


Deal Context for Investor #
Overall 30 of 31
Sector: Furniture 1 of 1
Type: Venture 9 of 10
State: Arizona 2 of 2
Country: United States 26 of 27
Year: 2022 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 RightRice

San Francisco, California, United States

RightRice is a provider of grain packed with vegetables. Every bowl of RightRice is made from lentils, chickpeas, peas + rice, with more than double the protein, five times the fiber, and almost 40% fewer net carbs than a bowl of white rice. RightRice is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Humankind

Santa Monica, California, United States

Humankind enables brands to connect with online shoppers via SMS for 1-on-1, personalized shopping experiences. Humankind is based in Santa Monica, California.

Buy -