Material Valuation, Funding & Investors

Material is valued at $1.1B as of July 2022.

Last Material valuation

$1.1B

Series A · Jul 2022

Last Material funding round

$7M

Seed · Jan 2026

Cumulative funding Material raised

$13M

across 3 funding rounds

Key investors in Material

  • GoAhead Ventures
  • Harpoon
  • Myelin VC
  • Giant Step Capital
  • Demos Funds
  • Outlander Ventures

Material Overview

About Material

Material Kitchen is a New York-based direct-to-consumer brand producing premium kitchenware such as The Material Knives with titanium-reinforced edges, cast iron cookware, and borosilicate glass prepware. The company curates minimalist sets including ceramics, linens, and tools emphasizing durability and functionality for home cooking. Launched in 2018, it offers lifetime warranties on knives and sells through its e-commerce site alongside partnerships with retailers like Williams Sonoma.


Founded

2017

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$1.1B (Jul 2022)

Material Valuation

Material is currently valued at $1.1B, based on its Series A in July 2022.

Material valuation by funding round

Material valuation by funding round
DateStageValuation
Jul 2022Series A$1.1B

Material Funding History

Material has raised a total of $13M across 3 funding rounds.

Material's first fundraising round was a $900K seed round in August 2017. The most recent completed round was a $7M seed round in January 2026.

Material funding rounds

Material funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2026SeedHarpoon (lead); Outlander Ventures (lead); Giant Step Capital; Demos Funds; GoAhead Ventures; Myelin VC$7M-Material Hybrid Manufacturing Inc. is a battery design and manufacturing company founded by Miles Dotson, Gabe Elias, and Christopher Reyes that is developing conformal energy technology to decouple battery design from product form factors. The company raised $7.1 million in Seed funding co-led by Outlander VC and Harpoon Ventures, with participation from GoAhead Ventures, Myelin VC, Demos Capital, and Giant Step Capital. Material is advancing its technology through a $1.25 million Phase II Small Business Innovation Research (SBIR) award with the United States Air Force, addressing constraints in defense platforms caused by rigid battery geometries. The company is also conducting commercial pilots across consumer electronics, mobility, robotics, and wearables sectors with undisclosed partners.
Jul 2022Series A-$5M$1.1BMaterial, founded in 2016, provides advanced email security solutions to prevent hijacking, phishing, account takeover, and data leaks. The company raised $100 million in a Series C funding round in May 2022, led by Founders Fund and Andreessen Horowitz, with participation from Elad Gil. This round valued Material at $1.1 billion post-money. The funds were intended to scale operations, enhance product offerings, and secure enterprise adoption. Prior to the Series C, Material secured a $40 million Series B in April 2021 led by Elad Gil, Andreessen Horowitz, and Martin Casado to enhance platform capabilities and expand the team. Total funding raised across these rounds reached $166 million as of May 2022.
Aug 2017Seed-$900K--

Who has invested in Material?

6 investors have backed Material across its funding rounds, including GoAhead Ventures, Harpoon, Myelin VC, Giant Step Capital, Demos Funds and Outlander Ventures.

Lead investors include Harpoon and Outlander Ventures.


Material Investors

Investors in Material by funding rounds participated
InvestorHQRoundsRoleFirst check
Giant Step CapitalUnited StatesChicago, IL1ParticipantJan 2026
Demos FundsUnited StatesUnited States1ParticipantJan 2026
Outlander VenturesUnited KingdomUnited Kingdom1LeadJan 2026
GoAhead VenturesUnited StatesSan Francisco, CA1ParticipantJan 2026

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Material Competitors

Material competitors include listed companies like Joyoung Co, Whirlpool Brazil, Arcelik and Fiskars, and private ones like Smarter and HexClad.

Public and private companies comparable to Material
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Joyoung CoChinaChinaPublicly listed$1.2B$18M$1.1B0.6x
Whirlpool BrazilBrazilBrazilPublicly listed$2.4B$166M$1.1B-
SmarterUnited KingdomLondonPrivate--$1.2B-
HexCladUnited StatesLos Angeles, CAPrivate--$1B-
ArcelikTurkeyTurkeyPublicly listed$11B$884M$1.2B0.4x
FiskarsFinlandFinlandPublicly listed$1.3B$142M$1.2B1.4x

Material Public Comps

Material is still privately-owned, but its public comps include Joyoung Co, Whirlpool Brazil, Whirlpool of India, Arcelik, Fiskars, Skyworth Group, Daya Intiguna Yasa, TTK Prestige, Bear Electric Appliance and JS Global Lifestyle Co.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Joyoung Co$1.2B$18M0.5x0.6x36.4x37.3x
Whirlpool Brazil$2.4B$166M0.5x-7.7x-
Whirlpool of India$838M$51M0.9x0.8x14.3x14.6x
Arcelik$11B$884M0.5x0.4x6.0x7.0x
Fiskars$1.3B$142M1.4x1.4x13.1x9.5x
Skyworth Group$10B$363M0.3x-10.0x-
Daya Intiguna Yasa$447M$146M3.1x2.7x9.6x9.0x
TTK Prestige$308M$28M2.3x2.1x24.9x21.4x

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Common questions about Material

When was Material founded?Material was founded in 2017.
Where is Material headquartered?Material is headquartered in New York City, NY, United States.
Is Material publicly listed?No, Material is a private, VC-backed company.
What is Material's valuation?Material was last valued at $1.1B in its Series A in July 2022.
How much funding has Material raised?Material has raised $13M across 3 funding rounds.
What was Material's last funding round?Material's last funding round was a $7M seed round in January 2026, led by Harpoon and Outlander Ventures.
Who are Material's investors?Material's investors include Giant Step Capital, Demos Funds, Outlander Ventures, GoAhead Ventures, Harpoon and Myelin VC.
Which companies are comparable to Material?Companies comparable to Material include Joyoung Co, Whirlpool Brazil, Smarter, HexClad, Arcelik and Fiskars.

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