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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Material Exchange
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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.
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.
| 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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Venture capital is provided to global tech startups and scale-ups.
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Investments in early-stage tech startups are made by Inventure.
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Investor details for Material Exchange
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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.
Investment portfolio details for Material Exchange
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wholesaler of textiles
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Provider of web, multimedia, advertising, and marketing services
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Locked | Locked | 2006 | Locked |
Complete acquisition details for Material Exchange
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Financial Statements - Material Exchange
Detailed financials for Material Exchange
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Material Exchange Comparisons
Peer comparison for Material Exchange
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI powered trend forecasting and analytics for the fashion and lifestyle industry
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SaaS and AI based platform that provides insights into expected product performance
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AI-powered predictive analytics are provided for the fashion industry.
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AI solutions for product and consumer trend prediction are developed.
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Analytical software for product decisions is provided to retail brands.
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Detailed competitors of Material Exchange
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Latest news on Material Exchange
Complete news archive for Material Exchange
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Frequently Asked Questions about Material Exchange
Material Exchange was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Material Exchange is headquartered in Stockholm, Sweden.
Darren Glenister is the current CEO of Material Exchange.
Material Exchange is a funded company, having raised a total of $35.14M across 3 funding rounds to date.
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.
Material Exchange's top competitors include Heuritech, Stylumia and First Insight.
Material Exchange offers Source Materials, Sell Materials, and Ask Frank.
Material Exchange has 6 investors. Key investors include Partech Partners, Molten Ventures, Inventure VC, Norrsken VC, and Lyra Ventures.