About Material Bank
Material Bank is a Real Estate & Construction company based in New York (United States) founded in 2018 by Peter Fain, Farshid Tafazzoli, and Adam I Sandow. Provider of marketplace for raw materials for the construction and textile industry. It operates in the Real Estate & Construction and Retail sectors. Material Bank has raised $303.64 million across 3 funding rounds from investors including RXR, Fifth Wall and Brookfield Asset Management. The company has 221 employees. Material Bank has completed 3 acquisitions, including Amber Engine, Architizer and Clippings. Material Bank was last valued at $1.9 billion in January 2025. Its chief executive, as recorded, is Sebastian J Gunningham. Its website materialbank.com draws about 292 thousand monthly visits. Material Bank offers products and services including Material Search Platform and Sample Delivery Service. Its focus areas include Real Estate and Construction Tech, Construction Tech, Building Materials and Ecommerce. Its legal entity is MATERIAL TECHNOLOGIES CORPORATION. Its competitors include DoItBest, Banner Solutions and BlueLinx Corporation.
Company details
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.
- Headquarters New York, United States
- Employees 221
- Founders Peter Fain, Farshid Tafazzoli, Adam I Sandow
- Stage Unicorn
- SectorsReal Estate & ConstructionRetail
- Website category Business and Consumer Services · Textiles
- Email••••••••
- Website materialbank.com
- Social LinkedIn X Facebook Instagram
- Legal Name Material Technologies Corporation
- Total Equity Funding$303.64M (USD)
in 3 rounds
- Latest Funding Round$175M (USD), Series D
Apr 2022
- InvestorsRXR
& 20 more
- Employee Count221
- Investments & AcquisitionsAmber Engine
& 2 more
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
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.
- Total Funding $303.64M
- Total Rounds 3
- Last Round Series D — $175M
- First Round $28.64M
(Apr 2020)
- Investors Count 21
All 3 funding rounds of Material Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $175M | Series D | $1.9B | Brookfield Asset Management | |
| May 2021 | $100M | Series C | – | General Catalyst | |
| Apr 2020 | $28.64M | Series B | – | Bain Capital Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $1.9B | •••••••• |
Full valuation and stage history of Material Bank
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Last known valuation $1.9B (Jan 2025). 21 investors in total: 20 institutional and 1 angel.
Investors in Material Bank
Material Bank has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include RXR, Fifth Wall and Brookfield Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada | |
Investments are made in early-stage tech startups by Fifth Wall. | 2016 | fifthwall.com | New York, United States | |
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Lead Edge Capital is focused on growth equity investments in technology. | leadedge.com | New York, United States | ||
Multiple sectors are targeted through private equity by Raine. | raine.com | New York, United States | ||
Investments in multiple sectors are made by Bond Capital. | bondcap.com | San Francisco, United States | ||
Investment and transformation services for entrepreneurs in technology and finance sectors. | generalcatalyst.com | Cambridge, United States | ||
Investment management services are offered by Durable Capital Partners. | durablecap.com | Bethesda, United States | ||
Venture capital fund focused on investing in multiple sectors | baincapitalventures.com | Boston, United States | ||
Multi-stage investments are made in global companies by 9yards Capital. | 9yardscapital.com | San Francisco, United States |
Investor details for Material Bank
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People of Material Bank
62 people are tracked at Material Bank (32 in leadership, 30 in team); the tracked headcount is 221.
| Name | Role | Group |
|---|---|---|
Peter Fain | Co-Founder | Leadership |
Farshid Tafazzoli | Co-Founder & Chief Revenue Officer & Chief Business Officer | Leadership |
Adam I Sandow | Co-Founder | Leadership |
Sebastian J Gunningham | CEO | Leadership |
Bart Sanso | Director Of Procurement | Leadership |
Connor Hayes | Vice President Of Sales | Leadership |
Ben Shaw | VP, On Demand Services | Leadership |
Anat Benarie | VP, Human Resources | Leadership |
Stephen H. Smith | Chief Logistics Officer | Leadership |
Ben Clark | CTO | Leadership |
Melissa Leone | VP, Brand Services | Leadership |
Joy Fulgham | Senior Manager, Ops. | Business Partner | Leadership |
Yasine M. | Financial Director & Controller | Leadership |
Kelly T. | Vice President Of Business Development | Leadership |
Michelle S. | Director, Brand Engagement | Leadership |
Michele Crociani | Vice President Of Sales, Europe | Leadership |
Kamal Farah | Executive Vice President, Special Projects | Leadership |
Stephanie Reilly | Director Of Human Resources | Leadership |
Brittny Pannell | Executive Assistant To Chief Logistics Officer | Leadership |
Joshua A. Waters | Site Operations Director | Leadership |
42 more people are available in the full profile.
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Architecture content and resources are provided via an online platform. | architizer.com | New York, United States | 2009 | Jun 2022 | •••• | |
Cloud platform is provided for home furnishings product data management. | amberengine.com | Detroit, United States | 2015 | Mar 2022 | •••• | |
Multi-category home improvement products are retailed online. | clippings.com | London, United Kingdom | 2011 | Aug 2021 | •••• |
Complete acquisition details for Material Bank
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Timeline of Material Bank
8 dated milestones of Material Bank across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Material Bank is founded.
- Funding First funding round of $28.6M.
- Acquisition Acquires Clippings.
- Acquisition Acquires Amber Engine.
- Funding Latest funding round, Series D, of $175.0M.
- Milestone Reaches Unicorn status.
- Milestone Reaches Soonicorn status.
- Acquisition Acquires Architizer.
Competitors of Material Bank
Material Bank has 3 listed competitors in our database. They include DoItBest, Banner Solutions and BlueLinx Corporation.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| doitbest.com | 1945 | Fort Wayne, United States | 1,428 | Construction materials and tools are provided via an online marketplace. | ||
| bannersolutions.com | 1997 | Kansas, United States | 280 | Home improvement items are e-distributed by Banner Solutions. | ||
| bluelinxco.com | 2004 | Atlanta, United States | 196 | B2B e-distributor platform offering building supplies |
Detailed competitors of Material Bank
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Web traffic of Material Bank
The website of Material Bank (materialbank.com) receives about 291.7K visits a month and ranks #104,012 among all websites worldwide, #2,670 in Textiles.
- Monthly visits291.7K
▲ 12.9% vs previous month
- Unique visitors91.1K
per month
- Global rank#104,012
among all websites
- Category rank#2,670
Business and Consumer Services · Textiles
- Bounce rate38%
- Pages per visit9.8
- Average visit5 min 19 sec
- DevicesDesktop 73% · Mobile 27%
Websites whose visitors overlap most with Material Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| visualcomfort.com | 100% | 778.8K | #48,886 | View details | |
| shawcontract.com | 94% | 156.1K | #164,642 | View details | |
| wolfgordon.com | 93% | 68.1K | #396,380 | View details | |
| fourhands.com | 86% | 432.3K | #86,450 | View details | |
| townsendleather.com | 79% | #7,606,738 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 30 similar websites and full traffic analytics for Material Bank
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Top companies in Construction & Building Tech
3 companies that operate in the same segment as Material Bank (Construction & Building Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
SaaS project management software is provided for construction professionals. | 2003 | Carpinteria, California, United States | USD 406.15 M | USD 1.32 B | 4,927 | |
Business management software is offered for home service providers. | 2007 | Glendale, California, United States | USD 1.1 B | USD 960.97 M | 3,049 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 |
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Related news about 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 CEO of Material Bank, as recorded in our data.
Material Bank is a funded company, having raised a total of $303.64M across 3 funding rounds to date. The company's 1st funding round was a Series B of $28.64M, raised on Apr 2020.
Material Bank has 221 employees.
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 DoItBest, BlueLinx Corporation and Banner Solutions.
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 21 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 Jan 2025.
Material Bank operates through Material Technologies Corporation.