Material Bank, a NYC-based marketplace for architectural, design, and construction materials, raised $175M in Series D funding.
TheRound, which brings total funding raised to date up to more than $325m was led by Brookfield’s technology investment arm Brookfield GrowthParticipation by 9Yards Capital, Echo Street, Bain Capital Ventures, Durable Capital Partners LP, General Catalyst, BOND, Raine Ventures, Lead Edge Capital, Fifth WallSoftBank Vision Fund 2, and RXR.
TheCompany plans to use the funds to build relationships within the construction and real-estate industries, benefit its brand partners, expand global presence, and possibly make strategic acquisitions.
LedBy Adam I. Sandow, FounderCEO Material BankIt provides a digital marketplace for designers and brands that is flexible and scalable inArchitecture and design professionals to search, sample and specify materials. ThePlatform powers complex searches across hundreds brands in seconds. SamplesOrders received by midnight (ET), will be delivered inOne box per day by 10:30 AM the following day.
ContinuingThe forward momentum with BrookfieldThis financing will be added to the exceptional list of strategic investors. Material Bank’s execution of its mission to simplify design decisions. Additional participated inThe round, together with all the large investors from Series B and C rounds, including among others.