Material Bank
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|
Revenues | 5.0m | 10.2m | 16.0m | 25.2m |
% growth | - | 104 % | 57 % | 58 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $20.2m | Series A | |
* | $28.0m | Series B | |
$100m Valuation: $1.0b | Series C | ||
N/A | Secondary | ||
* | $175m Valuation: $1.9b | Series D | |
Total Funding | €294m |
Recent News about Material Bank
EditMaterial Bank is a dynamic startup revolutionizing the architecture and design industry by providing the largest material marketplace. The company operates primarily in the building materials sector, serving a diverse clientele that includes architects, designers, and construction professionals. Material Bank's platform allows users to explore, sample, and order a wide range of building materials, architectural products, and interior finishes.
Material Bank's business model is centered around its digital platform, which connects industry brands, distributors, and manufacturers with professionals seeking materials for their projects. The company generates revenue through partnerships with these brands and manufacturers, who pay to have their products listed and promoted on the platform. Additionally, Material Bank offers value-added services such as sample replenishment and project management tools, which further enhance the user experience and drive engagement.
The company prides itself on its commitment to integrity, clear communication, and excellence. It has a rapidly growing software engineering team that leverages new technologies to develop innovative solutions, ensuring the platform remains cutting-edge and user-friendly. Material Bank also focuses on sustainability, partnering with companies like Autex Acoustics, which is carbon neutral, to offer environmentally friendly options.
Material Bank's ultimate goal is to provide a comprehensive and inclusive offering of materials, making it easier for professionals to find exactly what they need for their projects. By continuously expanding its product range and enhancing its platform, Material Bank aims to be the go-to resource for the architecture and design community.
Keywords: material marketplace, architecture, design, building materials, digital platform, sustainability, partnerships, innovation, user-friendly, comprehensive.