About Material Exchange
Material Exchange is a company based in Stockholm (Sweden) founded in 2017.. Material Exchange has raised $35.14 million across 3 funding rounds from investors including Partech Partners, Molten Ventures and Inventure VC. Material Exchange has completed 2 acquisitions, including Dado SRL and Studio MV. Material Exchange offers products and services including Source Materials, Sell Materials, and Ask Frank. Material Exchange operates in a competitive market with competitors including World Global Style Network, First Insight, Stylumia, Heuritech and MakerSights, among others.
- Headquarter Stockholm, Sweden
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Sectors
Retail
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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 Exchange Ventures Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.14 M (USD)
in 3 rounds
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Latest Funding Round
$27.19 M (USD), Series A
Apr 11, 2022
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Investors
Partech Partners
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
Dado SRL
& 1 more
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Products & Services of Material Exchange
Material Exchange offers a comprehensive portfolio of products and services, including Source Materials, Sell Materials, and Ask Frank. 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 brands to find and order fashion materials online.
Service for suppliers to showcase products to fashion brands.
AI expert for quick material recommendations and sample ordering.
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Funding Insights of Material Exchange
Material Exchange has successfully raised a total of $35.14M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $27.19 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 A — $27.2M
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First Round
First Round
(19 Nov 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - Material Exchange | Valuation | Molten Ventures | |
| Nov, 2020 | Amount | Series A - Material Exchange | Valuation | Partech Partners , Norrsken VC | |
| Nov, 2019 | Amount | Seed - Material Exchange | Valuation | Inventure |
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| 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 Exchange
Material Exchange has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Partech Partners, Molten Ventures and Inventure VC. 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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Venture capital fund focused on deep tech, consumer tech, health tech, SaaS, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by Inventure.
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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 Exchange
Material Exchange has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dado SRL and Studio MV. 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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Wholesaler of textiles
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2018 | ||||
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Provider of web, multimedia, advertising, and marketing services
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2006 |
| 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 Exchange
| 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 Exchange Comparisons
Competitors of Material Exchange
Material Exchange 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 World Global Style Network, First Insight, Stylumia, Heuritech and MakerSights, 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 |
AI powered trend forecasting and analytics for the fashion and lifestyle industry
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| domain | founded_year | HQ Location |
SaaS and AI based platform that provides insights into expected product performance
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| domain | founded_year | HQ Location |
AI-powered predictive analytics are provided for the fashion industry.
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| domain | founded_year | HQ Location |
AI solutions for product and consumer trend prediction are developed.
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| domain | founded_year | HQ Location |
Analytical software for product decisions is provided to retail brands.
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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 Exchange
Frequently Asked Questions about Material Exchange
When was Material Exchange founded?
Material Exchange was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Material Exchange located?
Material Exchange is headquartered in Stockholm, Sweden.
Who is the current CEO of Material Exchange?
Darren Glenister is the current CEO of Material Exchange.
Is Material Exchange a funded company?
Material Exchange is a funded company, having raised a total of $35.14M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Nov 19, 2019.
What does Material Exchange do?
Material Exchange was founded in 2017 in Stockholm, Sweden, as an online B2B platform focused on raw materials for the apparel, footwear, and accessories sectors. Suppliers and brands are connected through searchable databases, with filters applied for fabric samples, 3D projections viewed, and automated data input enabled. Operations center on facilitating material sourcing and supply chain links in the textile industry.
Who are the top competitors of Material Exchange?
Material Exchange's top competitors include Heuritech, Stylumia and First Insight.
What products or services does Material Exchange offer?
Material Exchange offers Source Materials, Sell Materials, and Ask Frank.
How many acquisitions has Material Exchange made?
Who are Material Exchange's investors?
Material Exchange has 6 investors. Key investors include Partech Partners, Molten Ventures, Inventure VC, Norrsken VC, and Lyra Ventures.
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