Material Exchange

Stockholm, Sweden Founded: 2017 • Age: 9 yrs
Online B2B database provider for raw materials
Annual revenue - Latest available
Total funding $35.1M 3 rounds
Employees - Tracked headcount
Investors 6 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Retail
  • Email
    Locked
  • Phone
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  • Website
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  • Social
    Locked
  • Legal Name Material Exchange Ventures Ab
Operational Areas
Retail → Fashion & Retail Innovation Unlock Sub-Sector Unlock Segment
Retail → E-Commerce Technology & Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $35.14 M (USD)

    in 3 rounds

  • Latest Funding Round
    $27.19 M (USD), Series A

    Apr 11, 2022

  • Investors
  • Employee Count
    Not available
  • 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.

Product name locked
Category locked
Primary

Platform for brands to find and order fashion materials online.

Product name locked
Category locked
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Service for suppliers to showcase products to fashion brands.

Product name locked
Category locked
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AI expert for quick material recommendations and sample ordering.

People of Material Exchange

Headcount 50-200
Employee Profiles 35
Employee Profiles
People
Robert Conway
CPTO (chief Product And Technology Officer)
People
Aleksandar Golčevski
QA Engineer
People
Milica Malesevic Poljakovic
Financial Analyst
People
Ben Felton
Chief Strategy & Marketing Officer

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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.

All
Venture Fund
Investor Description Founded Year Domain Location
Venture capital fund focused on deep tech, consumer tech, health tech, SaaS, and multiple sectors
Locked Locked Locked
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

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

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.

Investments
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Investment portfolio details for Material Exchange

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

Verified entity values are shown only after access is granted.

Acquisitions
Company Name Description Domain Location Founded Year Amount
Wholesaler of textiles
Locked Locked 2018 Locked
Provider of web, multimedia, advertising, and marketing services
Locked Locked 2006 Locked
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Complete acquisition details for Material Exchange

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - Material Exchange

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Detailed financials for Material Exchange

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  • Profit trends
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Material Exchange Comparisons

Material Exchange Primary company
Description
Online B2B database provider for raw materials
Location
Stockholm, Sweden
Founded Year
2017
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Material Exchange

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

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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
Locked Locked Locked
AI-powered predictive analytics are provided for the fashion industry.
Locked Locked Locked
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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  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

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Latest news on Material Exchange

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Complete news archive for Material Exchange

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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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 made 2 acquisitions, including Dado SRL, and Studio MV.

Material Exchange has 6 investors. Key investors include Partech Partners, Molten Ventures, Inventure VC, Norrsken VC, and Lyra Ventures.

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