# Material Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/material-technologies

- Industry: Internet
- Headquarters: Boca Raton, US
- Website: www.materialbank.com
- Total disclosed funding: $301M
- Latest round: Series D (May 5, 2022)
- Investors on record: 14

## About

Founded in 2018, by CEO Adam I. Sandow and based in New York, US, Material Technologies Corporation offers an online marketplace for the architecture and design industry. Material Technologies Corporation raised USD 28 million in series B funding in 2020 led by new investor Bain Capital Ventures, with participation from existing investor Raine Ventures and USD 100 million in series C funding in 2021 co-led by new investors Durable Capital Partners and General Catalyst Partners, with participation from other new and returning investors. The series C funding values Material Technologies Corporation at USD 1 billion post-money.

The company’s material banks platform offers complex searches across a wide number of manufacturers and materials. Material Bank offers materials such as bricks, carpets, ceramics, concrete, laminate, metal, paint, paper, rubber, stone, and textile products among others for acoustical solutions, bathtubs, bookcases, and shelving, desks and tables, and kitchen appliances from brands such as Adex USA, Delta Faucet, Cancos Tile and Stone, and Lucida Surfaces. 

Material Bank plans on utilizing the Series C funding to fuel continued momentum, scale teams and infrastructure, expand into new verticals, make strategic acquisitions, and seed long-term growth initiatives.

## Funding rounds

- Series D, May 5, 2022, $172M — Bain Capital, General Catalyst Partners, Brookfield Property Group, RXR, Echo Street Capital Management, The Raine Group, Lead Edge Capital, Fifth Wall Ventures, SB Investment Advisers, 9Yards Capital, Bond, Durable Capital Partners
- Series C, May 6, 2021, $100M — Bain Capital, General Catalyst Partners, The Raine Group, Lead Edge Capital, Annox Capital, IPD Capital, Bond, Durable Capital Partners
- Series B, Apr 17, 2020, $29M — Bain Capital, The Raine Group

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Series B, Series C, Series D
- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series B, Series C, Series D
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series C, Series D
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series C, Series D
- Annox Capital (https://capitalatlas.ai/funds/annox-capital) — Series C
- IPD Capital (https://capitalatlas.ai/funds/ipd-capital) — Series C
- Bond (https://capitalatlas.ai/funds/bond) — Series C, Series D
- Durable Capital Partners — Series C, Series D
- Brookfield Property Group — Series D
- RXR (https://capitalatlas.ai/funds/rxr) — Series D
- Echo Street Capital Management — Series D
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series D
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series D
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series D