Peerby, an Amsterdam, The Netherlands-based local borrowing platform, raised $2.1m in funding.
The round was led by French XAnge Private Equity with participation from existing investor Sanoma Ventures and TechStars and angels from Canada and the United States.
The company intends to use the funds for product development and international growth, with a specific focus on 50 US cities.
Led by founder Daan Weddepohl, Peerby is a website and app that enables users to borrow the things they need from people nearby. With 100,000 users, the platform has mature communities in the Netherlands and Belgium, London, Berlin, and is currently emerging in six US pilot cities.