Material Exchange Ventures
Latest round
- Series A
Last raised
- Apr 2022
Total raised
- $29M
Investors
- 6
About Material Exchange Ventures
Founded in 2017 in Stockholm, Sweden, Material Exchange Ventures AB specializes in digital sourcing for the fashion sector. The company was established by Andy Polk, Dóra Lality, John Preus, and Russell Glenister.Material Exchange specializes in providing a comprehensive digital sourcing platform designed to streamline the procurement process within the fashion industry. At the core of its offerings is Frank, an AI-powered sourcing assistant that aids users in identifying suitable materials, accessing crucial data, and establishing connections with suppliers—all consolidated in a single interface. This service is tailored for brands, designers, and manufacturers looking to enhance their sourcing efficiency and make informed decisions on material selection.60. The company generates revenue primarily through a subscription-based model, which provides users access to the Frank sourcing platform. Clients, including fashion brands and suppliers, engage in transactions facilitated by the platform, which allows for streamlined communication and material procurement processes. The subscription structure offers different tiers based on user needs, ensuring that clients gain access to relevant features tailored to their business scale. Additionally, the company may form partnerships with suppliers, enhancing its marketplace by allowing these partners to list their materials, thereby fostering a collaborative environment. The company is actively designing new products to enhance its platform and aims to expand into additional geographic markets. Specific target regions include North America and Asia, with plans to initiate these expansions by 2023.
Who invested in Material Exchange Ventures
6 investors across 2 rounds
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Questions about Material Exchange Ventures
Who invested in Material Exchange Ventures?
Material Exchange Ventures has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Material Exchange Ventures raised?
Material Exchange Ventures has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Material Exchange Ventures last raise money?
Material Exchange Ventures's most recent round on record is a Series A, in Apr 2022.
What does Material Exchange Ventures do?
Founded in 2017 in Stockholm, Sweden, Material Exchange Ventures AB specializes in digital sourcing for the fashion sector.
Where is Material Exchange Ventures headquartered?
Material Exchange Ventures is headquartered in Stockholm, Sweden.
Which VCs invest in companies like Material Exchange Ventures?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back internet companies at Material Exchange Ventures's stage. Their profiles are linked below.
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