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
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for searching and sampling materials for architecture projects
Service for next-day material sample delivery to designers
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series D — $175.0M
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First Round
First Round
(17 Apr 2020)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series D - Material Bank | Valuation | Brookfield Asset Management | |
| May, 2021 | Amount | Series C - Material Bank | Valuation | General Catalyst | |
| Apr, 2020 | Amount | Series B - Material Bank | Valuation | Bain Capital Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2015 | ||||
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Multi-category home improvement products are retailed online.
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2011 | ||||
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Architecture content and resources are provided via an online platform.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Material Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Material Bank Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online B2B marketplace for building and home improvement products
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| domain | founded_year | HQ Location |
Construction materials and tools are provided via an online marketplace.
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| domain | founded_year | HQ Location |
Home improvement items are e-distributed by Banner Solutions.
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| domain | founded_year | HQ Location |
B2B e-distributor platform offering building supplies
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| domain | founded_year | HQ Location |
Online marketplace for buying & selling of soil
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Material Bank
Frequently Asked Questions about Material Bank
When was Material Bank founded?
Material Bank was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Material Bank located?
Material Bank is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Material Bank?
Sebastian J Gunningham is the current CEO of Material Bank.
Is Material Bank a funded company?
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 17, 2020.
What does Material Bank do?
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.
Who are the top competitors of Material Bank?
Material Bank's top competitors include BuildDirect, Soil Connect and DoItBest.
What products or services does Material Bank offer?
Material Bank offers Material Search Platform and Sample Delivery Service.
How many acquisitions has Material Bank made?
Material Bank has made 3 acquisitions, including Amber Engine, Architizer, and Clippings.
Who are Material Bank's investors?
Material Bank has 13 investors. Key investors include RXR, Fifth Wall, Brookfield Asset Management, SoftBank Vision Fund, and Lead Edge Capital.
What is Material Bank's valuation?
The valuation of Material Bank is $1.9B as of Apr 2022.
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