About Material Bank
Material Bank is a company based in New York (United States) founded in 2018 by Peter Fain, Farshid Tafazzoli, and Adam I Sandow. Material Bank has raised $303.64 million across 3 funding rounds from investors including RXR, Fifth Wall and Brookfield Asset Management. Material Bank has completed 3 acquisitions, including Amber Engine, Architizer and Clippings. Material Bank offers products and services including Material Search Platform and Sample Delivery Service. Material Bank operates in a competitive market with competitors including BuildDirect, DoItBest, Banner Solutions, BlueLinx Corporation and Soil Connect, among others.
- Headquarter New York, United States
- Founders Peter Fain, Farshid Tafazzoli, Adam I Sandow
- Stage Unicorn
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Sectors
Real Estate & ConstructionRetail
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Email
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Phone
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Website
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Social
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- Legal Name Material Technologies Corporation
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$303.64 M (USD)
in 3 rounds
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Latest Funding Round
$175 M (USD), Series D
Apr 28, 2022
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Investors
RXR
& 12 more
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Employee Count
Not available
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Investments & Acquisitions
Amber Engine
& 2 more
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Products & Services of Material Bank
Material Bank offers a comprehensive portfolio of products and services, including Material Search Platform and Sample Delivery Service.
Platform for searching and sampling materials for architecture projects
Service for next-day material sample delivery to designers
People of Material Bank
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Funding Insights of Material Bank
Material Bank has successfully raised a total of $303.64M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $175 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Material Bank
Material Bank has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include RXR, Fifth Wall and Brookfield Asset Management.
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Focus is placed on real estate and renewable energy investments.
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Investments are made in early-stage tech startups by Fifth Wall.
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Venture capital investments in technology and startups.
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Investor details for Material Bank
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Investments & Acquisitions by Material Bank
Material Bank has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Amber Engine, Architizer and Clippings.
Investment portfolio details for Material Bank
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud platform is provided for home furnishings product data management.
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Locked | Locked | 2015 | Locked | |
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Multi-category home improvement products are retailed online.
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Locked | Locked | 2011 | Locked | |
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Architecture content and resources are provided via an online platform.
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Locked | Locked | 2009 | Locked |
Complete acquisition details for Material Bank
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Financial Statements - Material Bank
Detailed financials for Material Bank
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Material Bank Comparisons
Peer comparison for Material Bank
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Competitors of Material Bank
Material Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BuildDirect, DoItBest, Banner Solutions, BlueLinx Corporation and Soil Connect, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online B2B marketplace for building and home improvement products
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Construction materials and tools are provided via an online marketplace.
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Home improvement items are e-distributed by Banner Solutions.
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B2B e-distributor platform offering building supplies
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Online marketplace for buying & selling of soil
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Detailed competitors of Material Bank
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Latest news on Material Bank
Complete news archive for Material Bank
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Frequently Asked Questions about Material Bank
Material Bank was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Material Bank is headquartered in New York, United States. It is registered at New York, New York, United States.
Sebastian J Gunningham is the current CEO of Material Bank.
Material Bank is a funded company, having raised a total of $303.64M across 3 funding rounds to date.
Material Bank was founded in 2018 and is headquartered in New York, United States. A digital marketplace is provided for raw materials used in construction and textile sectors. Users are enabled to search and request samples from various brands through an online catalog. Architectural, construction, and design materials are featured, with sampling services integrated to support industry professionals in material selection and procurement.
Material Bank's top competitors include BuildDirect, Soil Connect and DoItBest.
Material Bank offers Material Search Platform and Sample Delivery Service.
Material Bank has made 3 acquisitions, including Amber Engine, Architizer, and Clippings.
Material Bank has 13 investors. Key investors include RXR, Fifth Wall, Brookfield Asset Management, SoftBank Vision Fund, and Lead Edge Capital.
The valuation of Material Bank is $1.9B as of Apr 2022.