Material Bank

Material Bank

Digital marketplace for building materials

About Material Bank

Simplify's Rating
Why Material Bank is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Software

Design

Consumer Goods

Company Size

201-500

Company Stage

Series D

Total Funding

$314.4M

Headquarters

Miami, Florida

Founded

2018

Overview

Material Bank operates a large online marketplace for building materials, catering to architects, designers, and construction professionals. Users can browse, sample, and order a variety of materials and products through the platform. The marketplace connects industry brands and manufacturers with professionals, generating revenue through 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 Jobs

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

$314.4M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
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

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$175M
Material Bank

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

Flexible Work Hours

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

1%

2 year growth

4%
EIN News
Feb 27th, 2025
The Tannery Row Partners with Material Bank to Expand Access to Premium Leather Collections

CHICAGO, IL, UNITED STATES, February 27, 2025 / EINPresswire.com / - The Tannery Row, a premier distributor of high-quality leather, is proud to announce a brand-new partnership with Material Bank, the world's largest marketplace for architectural and design materials.

Digital Commerce 360
Mar 21st, 2024
A B2B marketplace for architects and designers has designs on Europe

Material Bank expands to Europe.

Yahoo Finance
Jan 19th, 2024
Material Bank Appoints Jan Heck as Global President of Kitchen and Bath

Material Bank appoints Jan Heck as Global President of Kitchen and Bath.

Bodaq
Jan 4th, 2024
Material Bank: Bodaq Becomes a Brand Partner

Bodaq proudly announces its collaboration with Material Bank, the world's most powerful platform for architects and interior designers to search and sample materials from hundreds of leading brands.

Almeco Group
Dec 20th, 2023
Almeco joins Material Bank to enhance customer experience in Architectural and Design Applications

Almeco joins Material Bank to enhance customer experience in architectural and design applications.

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