About Material Exchange
Material Exchange is a Retail company based in Stockholm (Sweden) founded in 2017. It operates as an online B2B database provider for raw materials. 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. Its chief executive is Darren Glenister. Its website material-exchange.com draws about 68 thousand monthly visits. Material Exchange offers products and services including Source Materials, Sell Materials, and Ask Frank. Its focus areas include Consumer, Fashion Tech, Technology Enablers and Analytics. Its legal entity is Material Exchange Ventures AB. Its competitors include World Global Style Network, First Insight, Stylumia, Heuritech and MakerSights and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$35.14M (USD)
in 3 rounds
- Latest Funding Round$27.19M (USD), Series A
Apr 2022
- InvestorsPartech Partners
& 5 more
- Investments & AcquisitionsDado SRL
& 1 more
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.
Apps and channels of Material Exchange
its YouTube channel Material Exchange has 263 subscribers and 25 videos.
Videos from Material Exchange
The most watched videos on Material Exchange's YouTube channel, Material Exchange (263 subscribers). Click a video to play it here.
More on Material Exchange.
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 $35.14M
- Total Rounds 3
- Last Round Series A — $27.19M
- First Round $2M
(Nov 2019)
- Investors Count 6
All 3 funding rounds of Material Exchange 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 | $27.19M | Series A | – | Molten Ventures | |
| Nov 2020 | $5.95M | Series A | – | Partech Partners, Norrsken VC | |
| Nov 2019 | $2M | Seed | – | Inventure | – |
6 investors in total: 6 institutional.
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 |
|---|---|---|---|---|
Venture capital fund focused on deep tech, consumer tech, health tech, SaaS, and multiple sectors | 2006 | moltenventures.com | London, United Kingdom | |
Venture capital is provided to global tech startups and scale-ups. | 1982 | partechpartners.com | Paris, France | |
Investments in early-stage tech startups are made by Inventure. | – | inventure.vc | Helsinki, Finland | |
Impact investments are made in startups addressing global challenges. | – | norrsken.vc | Stockholm, Sweden | |
Venture capital investments are made in fashion and retail technology. | – | lyra-ventures.com | - | |
Early-stage technology ventures are supported by Day One Capital. | – | dayonecapital.com | Budapest, Hungary |
Investor details for Material Exchange
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Material Exchange
35 people are tracked at Material Exchange (16 in leadership, 19 in team).
| Name | Role | Group |
|---|---|---|
Darren Glenister | CEO | Leadership |
Geng Geng | Head of Digitalization | Leadership |
Robert Conway | CPTO (chief Product And Technology Officer) | Leadership |
Ben Felton | Chief Strategy & Marketing Officer | Leadership |
Dora Lality | Chief Legal Officer | Leadership |
Benjamin Leaver | Chief Financial & Operating Officer | Leadership |
Emily Olah | Vice President Strategic Partnerships | Leadership |
Deeksha Pandey | CSM - Head Of South Asia | Leadership |
Fan Coty | Sourcing&sales Director-east Asia | Leadership |
Jessica Haglund | VP of Marketing | Leadership |
Dejan Zvekić | Chief of Digitalization | Leadership |
Nikolina Seferovic Grkovic | VP Of Customer Success And Enablement | Leadership |
Jimit Shah | Head Of Sales And Operations - South Asia | Leadership |
Hugh Wolley | CFO | Leadership |
Rabia Kabal | Business And Product Development Director | Leadership |
Alireza Bahmanpour | Marketing Director | Leadership |
Gail Wong | Customer Success Manager | Team |
Aleksandar Golčevski | QA Engineer | Team |
Milica Malesevic Poljakovic | Financial Analyst | Team |
Ankit Mishra | SVP of Product | Team |
15 more people are available in the full profile.
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of web, multimedia, advertising, and marketing services | dadosrl.com | Cagliari, Italy | 2006 | Sep 2023 | •••• | |
Wholesaler of textiles | studiomv.cloud | Vicenza, Italy | 2018 | Nov 2022 | •••• |
Complete acquisition details for Material Exchange
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Timeline of Material Exchange
5 dated milestones of Material Exchange across 6 years, from founding to its latest funding, stage changes and deals.
Competitors of Material Exchange
Material Exchange has 8 listed competitors in our database, 5 of them funded. They include World Global Style Network, First Insight, Stylumia, Heuritech and MakerSights, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wgsn.com | 1998 | London, United Kingdom | $35M | 194 | AI powered trend forecasting and analytics for the fashion and lifestyle industry | |
| firstinsight.com | 2007 | Warrendale, United States | $21.93M | 32 | SaaS and AI based platform that provides insights into expected product performance | |
| stylumia.ai | 2015 | Bengaluru, India | $290,816 | 38 | AI-powered predictive analytics are provided for the fashion industry. | |
| heuritech.com | 2013 | Paris, France | $5.67M | – | AI solutions for product and consumer trend prediction are developed. | |
| makersights.com | 2015 | San Francisco, United States | $38.76M | 19 | Analytical software for product decisions is provided to retail brands. | |
| cherry-pick.io | 2017 | Paris, France | – | – | Freelancers and recruiters are matched on an online platform. | |
| fashionsnoops.com | 2001 | New York, United States | – | 53 | Offers trend insights, advisory, and webinars for creative industries worldwide. | |
| retviews.com | 2017 | Brussels, Belgium | – | 22 | Insights on competitors' prices, discounts in fashion retail industry |
Detailed competitors of Material Exchange
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Web traffic of Material Exchange
The website of Material Exchange (material-exchange.com) receives about 67.5K visits a month.
- Monthly visits67.5K
▲ 89.1% vs previous month
Top companies in Fashion & Lifestyle E-Commerce
10 companies that operate in the same segment as Material Exchange (Fashion & Lifestyle E-Commerce), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.08 B | USD 939.4 M | – | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 | |
Photo editing and sharing apps are developed by Meitu. | 2008 | Xiamen, Fujian, China | USD 525 M | USD 536.99 M | 2,420 | |
Subscription-based jewelry is provided by digital-first brand BlueStone. | 2011 | Bengaluru, Karnataka, India | USD 254.97 M | USD 259.64 M | 3,210 | |
Men's fashion apparel is offered online by Bonobos. | 2007 | New York, New York, United States | USD 127.67 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 | |
Pre-owned fashion products are sold via an online marketplace. | 2008 | Vilnius, Lithuania | USD 872.04 M | – | – | |
Online rental platform offering multi-category fashion products and accessories | 2009 | New York, New York, United States | USD 326.35 M | USD 306.2 M | 850 | |
Customizable smart lock screen experiences are developed for mobile devices. | 2019 | Bengaluru, Karnataka, India | USD 390 M | – | – |
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Related news about 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. The company's 1st funding round was a Seed of $2M, raised on Nov 2019.
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.
Material Exchange operates through Material Exchange Ventures Ab.