Overview

Material Bank operates a large online marketplace for building materials, catering to architects, designers, and construction professionals. Users can explore, sample, and order a variety of materials and products through the platform. The business connects brands, distributors, and manufacturers with professionals, generating revenue from partnerships and product listings. Material Bank enhances user experience with services like sample replenishment and project management tools. The company emphasizes integrity, clear communication, and sustainability, partnering with eco-friendly brands. Its goal is to simplify the material sourcing process for the architecture and design community by continuously expanding its offerings and improving its platform.

Simplify's Take

What believers are saying

• Expansion to Europe opens new markets and growth opportunities.
• Increased demand for sustainable materials aligns with Material Bank's offerings.
• 5G technology enhances platform efficiency and user experience.

What critics are saying

• Local distributors offer personalized services and quicker local deliveries.
• European market expansion faces regulatory challenges and local competition.
• Strategic shifts under new leadership may alienate existing partners.

What makes Material Bank unique

• Material Bank offers next-day delivery for samples ordered by midnight.
• The platform connects brands with thousands of vetted design professionals.
• Material Bank focuses on sustainability, partnering with carbon-neutral companies.

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Funding

Total Funding

$323.2M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:

General CatalystSoftBank

Notable Investors:

General CatalystSoftBank

$175,000,000

Series D

May 2022

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$175M

View all funding stages