Tech Company Financing Transactions

Material Bank Funding Round

On 5/1/2020, Material Bank announced $28 million in Series B funding from Bain Capital Ventures, private investors and Raine Ventures.

Transaction Overview

Company Name
Announced On
5/1/2020
Transaction Type
Venture Equity
Amount
$28,000,000
Round
Series B
Investors

Bain Capital Ventures (Lead Investor) (Merritt Hummer)

private investors (Barry Sternlicht)

Raine Ventures (Jeffrey Sine)

Proceeds Purpose
The company will use the funding to accelerate expansion into new categories, build a new robotic logistics facility to support increased demand, and further develop its SaaS platform.

Company Information

Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
101 Park Ave. 4th Floor
New York, NY 10178
USA
Phone
Undisclosed
Email Address
Overview
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.
Profile
Material Bank LinkedIn Company Profile
Social Media
Material Bank Company Twitter Account
Company News
Material Bank News
Facebook
Material Bank on Facebook
YouTube
Material Bank on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Adam Sandow
  Adam Sandow LinkedIn Profile  Adam Sandow Twitter Account  Adam Sandow News  Adam Sandow on Facebook
Chief Operating Officer
Peter Fain
  Peter Fain LinkedIn Profile  Peter Fain Twitter Account  Peter Fain News  Peter Fain on Facebook
VP - Bus. Development
Dania Hyde
  Dania Hyde LinkedIn Profile  Dania Hyde Twitter Account  Dania Hyde News  Dania Hyde on Facebook
VP - Bus. Development
Farshid Tafazzoli
  Farshid Tafazzoli LinkedIn Profile  Farshid Tafazzoli Twitter Account  Farshid Tafazzoli News  Farshid Tafazzoli on Facebook
VP - Marketing
Brandon Bobkowski
  Brandon Bobkowski LinkedIn Profile  Brandon Bobkowski Twitter Account  Brandon Bobkowski News  Brandon Bobkowski on Facebook
VP - Marketing
Michael Brook
  Michael Brook LinkedIn Profile  Michael Brook Twitter Account  Michael Brook News  Michael Brook on Facebook
VP - R & D
Carla Cruz
  Carla Cruz LinkedIn Profile  Carla Cruz Twitter Account  Carla Cruz News  Carla Cruz on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/1/2020: Vida Health venture capital transaction
Next: 5/1/2020: Props venture capital transaction

 

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We do our best to record funding rounds that are announced publicly. VC transactions on this site are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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