- Companies
- Material Bank
Material Bank Revenue, Valuation, Funding & Investors
Material Bank is valued at $1.9B as of May 2022, a 19.0x multiple on its last reported $100M revenue.
Last Material Bank valuation
$1.9B
Series D · May 2022
Last Material Bank funding round
$175M
Series D · May 2022
Material Bank revenue
$100M
Series D · May 2022
Key investors in Material Bank
Bain Capital Ventures
Raine Ventures
General Catalyst
Bond
Lead Edge Capital
Jaws Ventures
About Material Bank
Material Bank is a Boca Raton, Florida-based digital marketplace where architects, designers, and corporate buyers search, sample, and order building and design materials from hundreds of brand partners across hundreds of thousands of SKUs. Orders placed by midnight ship overnight through a robotic logistics facility near Memphis, Tennessee, and arrive free of charge to design professionals, with brand partners paying for fulfillment. Launched in 2018, the platform connects design professionals with brand partners such as Mohawk and Sherwin-Williams across the architecture, design, and construction industries.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$100M (May 2022)
Valuation
$1.9B (May 2022)
Material Bank Valuation
Material Bank is currently valued at $1.9B, based on its Series D in May 2022.
The $175M round was led by Brookfield Growth, with participation from General Catalyst, RXR Realty, SoftBank Group, Lead Edge Capital, Durable Capital Partners and 6 other investors.
Material Bank's valuation has grown 2.1x from $900M at its Series C in May 2021 to $1.9B in May 2022, across 2 priced rounds.
Material Bank valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2022 | Series D | $1.9B | 19.0x |
| May 2021 | Series C | $900M | 18.0x |
Material Bank Revenue
Material Bank's latest recorded revenue is $100M, as of its Series D in May 2022. At a $1.9B valuation, that implies a 19.0x revenue multiple.
Revenue grew from $50M in May 2021 to $100M in May 2022, while the revenue multiple moved from 18.0x to 19.0x.
Material Bank revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2022 | $100M | $1.9B | 19.0x | Series D |
| May 2021 | $50M | $900M | 18.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Material Bank Funding History
Material Bank has raised a total of $323M across 4 funding rounds.
Material Bank's first fundraising round was a $20M Series A in April 2019. The most recent completed round was a $175M Series D in May 2022.
Material Bank funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series D | Brookfield Growth (lead); General Catalyst; RXR Realty; SoftBank Group; Lead Edge Capital; Durable Capital Partners; Echo Street Capital; Fifth Wall; Raine Ventures; 9Yards Capital; Bain Capital Ventures; Bond | $175M | $1.9B | Material Bank is a Boca Raton-based digital marketplace for architects, designers, and corporate users to search, sample, and procure design materials from over 300,000 SKUs provided by nearly 500 brand partners. The platform offers next-day delivery via a robotic logistics facility in Tennessee, with orders placed until midnight arriving by 10:30 am, free for design professionals while charging brand partners for fulfillment. Launched in 2018, it connects global suppliers to over 90,000 active members, streamlining a traditionally lengthy process. In May 2022, Material Bank raised $175 million in a Series D round led by Brookfield Growth, with participation from Bain Capital Ventures, Bond, Brookfield Growth, Durable Capital Partners, Echo Street Capital, Fifth Wall, General Catalyst, Lead Edge Capital, Raine Ventures, RXR Realty, and SoftBank Vision Fund 2, valuing the company at $1.9 billion post-money, up from $975 million in its prior $100 million Series C in May 2021. This brought total funding to over $325 million. Proceeds will fund technology development, automation of its logistics facility, international expansion into Europe and Japan, and strategic acquisitions like Amber Engine in March 2022 and Clippings the prior year. The company had nearly 100,000 users including thousands of corporate clients, 325 employees, and expected to exceed $100 million in revenue by year-end 2022 per Bloomberg. Material Bank positions itself as an Amazon-like platform for design materials, leveraging partnerships like FedEx for rapid delivery and focusing on real estate, construction, hospitality sectors. Brookfield's real estate expertise and $700 billion AUM provide synergies for growth. Future plans emphasize global scaling and selective M&A to enhance its unified platform. |
| May 2021 | Series C | Durable Capital Partners (lead); General Catalyst (lead); Lead Edge Capital; Annox Capital; Raine Ventures; Bain Capital Ventures; Connexa Capital; Bond; IPD Capital | $100M | $900M | Material Bank is the world’s largest marketplace for searching and sampling architectural, design, and construction materials, connecting professionals with over 375 brands and 65,000 members who perform nearly 700,000 material searches monthly. The platform offers next-day delivery of samples in a single box from a 380,000 sq ft robotic logistics facility in Memphis, TN, near FedEx’s World Hub. Free for design professionals, it generates revenue by charging brand partners like Mohawk and Sherwin-Williams. On May 6, 2021, Material Bank raised $100 million in an oversubscribed Series C funding round co-led by General Catalyst and Durable Capital Partners, with participation from BOND, Lead Edge Capital, Bain Capital Ventures, and Raine Ventures. The capital was earmarked to scale teams and infrastructure, expand into new verticals like residential design, pursue strategic acquisitions (with two expected that year), and launch new services such as digital printing and 3D visualization. The company demonstrated strong traction, having tripled revenue in 2020 amid rapid adoption, with sales expected to exceed $50 million in 2021. It turned profitable the prior year and operated in a niche marketplace without intense competition in materials sampling logistics. Subsequent developments included a $175 million Series D in 2022 led by Brookfield Growth, valuing it at $1.9 billion (total funding over $325 million), funding international expansion, automation, and acquisitions like Clippings and Amber Engine. |
| Apr 2020 | Series B | Bain Capital Ventures (lead); Jaws Ventures; Raine Ventures | $28M | - | Material Bank is a technology and logistics platform revolutionizing the architecture and design materials industry by connecting professionals with suppliers for sourcing and sampling materials. It operates a digital marketplace with a robotic logistics facility, enabling users to order samples from thousands of SKUs and receive them overnight. Launched in January 2019, the platform serves design professionals for free while charging brand partners, supporting over 75,000 projects and billions in materials sourcing by April 2020. On April 30, 2020, Material Bank raised $28 million in a Series B funding round led by Bain Capital Ventures, with participation from existing investors Raine Ventures and Barry Sternlicht of Starwood Capital Group. This brought total funding to $55 million following a prior $27 million. Merritt Hummer from Bain Capital Ventures and Jeff Sine from The Raine Group joined the board. Proceeds were allocated to expand into new product categories, construct a new robotic logistics facility in Memphis, Tennessee, to meet rising demand, and enhance the SaaS platform. At the time, the company reported 45% quarter-on-quarter revenue growth in Q1 2020 and projected 200% full-year revenue growth, alongside plans to double participating brands. It had over 35,000 approved members, primarily from Fortune 1000 companies across sectors like cruises, tech, and fast food. Material Bank continued rapid scaling, growing to nearly 400 brand partners and 65,000 users by 2021, with revenue tripling in 2020 and expectations to exceed $50 million in 2021. |
| Apr 2019 | Series A | Jaws Ventures; Burch Creative Capital | $20M | - | - |
Who has invested in Material Bank?
17 investors have backed Material Bank across its funding rounds, including Bain Capital Ventures, Raine Ventures, General Catalyst, Bond, Lead Edge Capital and Jaws Ventures.
Lead investors include Brookfield Growth, Durable Capital Partners, General Catalyst and Bain Capital Ventures.
Material Bank Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Apr 2020 | ||
| 3 | Lead | Apr 2020 | ||
| 2 | Lead | May 2021 | ||
| 2 | Participant | May 2021 | ||
| 2 | Participant | Apr 2019 | ||
| 2 | Lead | May 2021 | ||
| 2 | Participant | May 2021 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
This data is available for Pro users. Sign up to see all 17 Material Bank investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Material Bank
Material Bank has acquired 3 companies to date.
Last acquisition by Material Bank was on June 23rd 2022. Material Bank acquired Architizer for undisclosed valuation.
Latest Acquisitions by Material Bank
| Description | Architizer is a New York-headquartered digital platform connecting architects, designers, and manufacturers through a comprehensive database of building products, projects, and inspiration. Founded in 2009, it hosts the A+Awards, an annual international architecture awards program recognizing excellence in over 100 categories. Architizer's tools enable professionals to source materials, evaluate specifications, collaborate on teams, and publish firm profiles and portfolios to a global audience of industry leaders. | Amber Engine is a Detroit-based product information management platform enabling brands to synchronize data across Amazon, Walmart, eBay, and brick-and-mortar POS systems. It automates catalog updates, pricing, and inventory for multichannel selling, serving CPG companies like Mars and Kraft Heinz. Amber Engine processes millions of SKUs daily, reducing listing errors through AI-enriched feeds. | Clippings is a London-based online marketplace for designer furniture and lighting featuring over one million products from 850 brands such as Vitra, Knoll, Flos, and Hay. Interior designers use the platform to source and specify items for projects, while consumers purchase for home use with fast European delivery. Founded in 2015, Clippings operates showrooms in London and New York, integrating 3D visualization tools and moodboards for professionals collaborating on commercial and residential interiors. |
| HQ Country | |||
| HQ City | New York City, NY | Detroit, MI | London |
| Deal Date | 23 Jun 2022 | 17 Mar 2022 | 16 Aug 2021 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Material Bank acquisitions and their M&A valuation multiples. Start Free Trial | |||
Material Bank Competitors
Material Bank competitors include listed companies like TBO.com and Izumi Co, and private ones like Ankorstore, Tradeshift, XINGYUN GROUP and impact.com.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $262M | $41M | $1.8B | 5.2x | ||
| Private | - | - | $2B | - | ||
| Private | $100M | - | $2B | - | ||
| Private | - | - | $2B | - | ||
| Private | $100M | - | $1.5B | 15.0x | ||
| Publicly listed | $3.7B | $300M | $1.4B | 0.6x |
Material Bank Public Comps
Material Bank is still privately-owned, but its public comps include Lime, TBO.com, HBX Group, ACV Auctions, TX Group, GO, eFinance, Visional, Stubhub and Moltiply Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $887M | $87M | 2.2x | - | 22.2x | - | |||
| $262M | $41M | 6.7x | 5.2x | 43.2x | 34.3x | |||
| $896M | $218M | 3.0x | 3.3x | 12.4x | 5.7x | |||
| $760M | ($19M) | 2.3x | 2.1x | (89.6x) | 24.8x | |||
| $1.1B | $310M | 2.1x | 2.1x | 7.2x | 8.1x | |||
| $266M | $49M | 5.4x | 5.3x | 29.4x | 24.7x | |||
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $515M | $157M | 3.3x | 2.6x | 10.8x | 9.3x | |||
This data is available for Pro users. Sign up to see all Material Bank competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Material Bank
| When was Material Bank founded? | Material Bank was founded in 2018. |
| Where is Material Bank headquartered? | Material Bank is headquartered in United States. |
| Is Material Bank publicly listed? | No, Material Bank is a private, VC-backed company. |
| What is Material Bank's valuation? | Material Bank was last valued at $1.9B in its Series D in May 2022. |
| How much funding has Material Bank raised? | Material Bank has raised $323M across 4 funding rounds. |
| What was Material Bank's last funding round? | Material Bank's last funding round was a $175M Series D in May 2022, led by Brookfield Growth. |
| Who are Material Bank's investors? | Material Bank's investors include Raine Ventures, Bain Capital Ventures, General Catalyst, Lead Edge Capital, Jaws Ventures, Durable Capital Partners, Bond, RXR Realty, SoftBank Group, Echo Street Capital and 7 others. |
| What is Material Bank's revenue? | Material Bank's latest recorded revenue is $100M (May 2022). |
| What is Material Bank's revenue multiple? | Material Bank's latest valuation implies a 19.0x revenue multiple ($1.9B valuation on $100M of revenue). |
| Which companies are comparable to Material Bank? | Companies comparable to Material Bank include TBO.com, Ankorstore, Tradeshift, XINGYUN GROUP, impact.com and Izumi Co. |
| How many companies has Material Bank acquired? | Material Bank has acquired 3 companies, including Architizer, Amber Engine and Clippings. |
See companies similar to Material Bank
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




