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- Material
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
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
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$1.1B (Jul 2022)
Sectors
Material Valuation
Material is currently valued at $1.1B, based on its Series A in July 2022.
Material valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Seed | Harpoon (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 2022 | Series A | - | $5M | $1.1B | Material, 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 2017 | Seed | - | $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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Lead | Jan 2026 | ||
| 1 | Participant | Jan 2026 | ||
This data is available for Pro users. Sign up to see all 6 Material investors. Start Free Trial | ||||
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Start Free TrialMaterial Competitors
Material competitors include listed companies like Joyoung Co, Whirlpool Brazil, Arcelik and Fiskars, and private ones like Smarter and HexClad.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.2B | $18M | $1.1B | 0.6x | ||
| Publicly listed | $2.4B | $166M | $1.1B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $11B | $884M | $1.2B | 0.4x | ||
| Publicly listed | $1.3B | $142M | $1.2B | 1.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $18M | 0.5x | 0.6x | 36.4x | 37.3x | |||
| $2.4B | $166M | 0.5x | - | 7.7x | - | |||
| $838M | $51M | 0.9x | 0.8x | 14.3x | 14.6x | |||
| $11B | $884M | 0.5x | 0.4x | 6.0x | 7.0x | |||
| $1.3B | $142M | 1.4x | 1.4x | 13.1x | 9.5x | |||
| $10B | $363M | 0.3x | - | 10.0x | - | |||
| $447M | $146M | 3.1x | 2.7x | 9.6x | 9.0x | |||
| $308M | $28M | 2.3x | 2.1x | 24.9x | 21.4x | |||
This data is available for Pro users. Sign up to see all Material competitors and their valuation data. Start Free Trial | ||||||||
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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