Material Bank, a NYC-based marketplace for architectural, design, and construction materials, raised $175M in Series D funding.
The round, which brings total funding raised to date to more than $325m, was led by Brookfield’s technology investment arm Brookfield Growth, with participation from 9Yards Capital, Echo Street, Bain Capital Ventures, Durable Capital Partners LP, General Catalyst, BOND, Raine Ventures, Lead Edge Capital, Fifth Wall, SoftBank Vision Fund 2, and RXR.
The company intends to use the funds to foster relationships within the real estate and construction industries to benefit its list of brand partners, expand its global presence, and potentially make strategic acquisitions.
Led by Adam I. Sandow, Founder and CEO, Material Bank provides a scalable digital marketplace for design professionals and brands in the architecture and design industry to search, sample, and specify materials, combined with a large-scale, robotic logistics facility to connect its global brand partners to its more than 90,000 active members. The platform powers complex searches across hundreds of brands in seconds. Samples ordered by midnight (ET) are delivered in a single box by 10:30 AM the next day.
Continuing the forward momentum with Brookfield added to its exceptional roster of strategic investors, this financing will accelerate Material Bank’s execution of its mission to simplify design decisions. Additional participated in the round, as well as all of the large investors from the Series B and C rounds, including among others.
FinSMEs
11/05/2022