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Material Bank Announces $175M Series D Raise Led By Brookfield

May 06, 2022•about 3 years ago

Amount Raised

$175 Million

Round Type

series d

Description

Material Bank, the world’s largest marketplace for architectural, design, and construction materials, today announced it has secured $175M in Series D funding led by Brookfield’s technology investment arm Brookfield Growth, with participation from additional strategic partners Fifth Wall, SoftBank Vision Fund 2, and RXR. This significant raise brings the company’s total funding to more than $325M.

Company Information

Company

Material Bank

About

Material Bank is a marketplace for design professionals and brands in the architecture and design industry, providing the fastest and most powerful way to discover and sample materials. The revolutionary 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—always free for design professionals. With a rapidly growing community of members, Material Bank is the easiest way for brands to connect with thousands of vetted design professionals in the specification process.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech