Material Bank is a technology company.
Material Bank has raised $333.0M across 4 funding rounds.
Material Bank has raised $333.0M in total across 4 funding rounds.
Material Bank is a technology platform that serves as the world's largest marketplace for architecture and design materials, enabling architects, designers, and professionals to discover, search, and sample thousands of products from hundreds of brands in seconds.[1][2][3] It solves the fragmented, time-consuming process of material sourcing by consolidating samples from multiple manufacturers into a single, carbon-neutral box with next-day delivery—free for design professionals—reducing search times by up to 85% while promoting sustainability through reusable packaging and sample reclamation.[1][3][4][5] The platform also generates leads for brands via listings and per-sample fees, powering a community of over 120,000 users with tools like advanced filters, project boards, and detailed specs; growth includes rapid scaling via API integrations and expansion to consumer sampling via DesignShop.[2][3][6]
Material Bank was launched in 2019 by founder Adam Sandow, who identified the need to streamline material sampling for architects and designers after observing inefficiencies in the industry.[1][6] Sandow, with a background in media and technology, envisioned a "convenience economy" platform from the start, initially focusing on professionals before planning consumer extensions like DesignShop.[6] Early traction came from aggregating samples from over 40 manufacturers into a centralized repository, enabling overnight consolidated shipments; pivotal scaling occurred through API integrations with partners like Passerelle and Talend, allowing new customer onboarding in weeks and onboarding third-party services like Home Depot and Ethan Allen.[2] By leveraging automation and resilient data architecture, the company grew to become the largest material sampling platform globally in under three years.[2]
Material Bank rides the digital transformation wave in construction and design, where outdated manual sampling clashes with demands for speed, sustainability, and data-driven decisions amid rising eco-regulations and supply chain pressures.[1][2] Its timing aligns with post-2019 industry shifts toward consolidation and tech enablement, accelerated by e-commerce logistics innovations and API economies, positioning it as a leader in the "convenience economy" for fragmented markets.[2][6] Market forces like growing designer communities (thousands of new specifiers monthly) and brand needs for efficient leads favor its model, while integrations with giants like Home Depot amplify scale; it influences the ecosystem by catalyzing sustainable practices, reducing waste, and enabling AR/visualization futures, bridging pros, consumers, and brands.[1][2][3][6]
Material Bank is poised for global expansion, AR integrations for material visualization, and deeper consumer penetration via DesignShop, building on its scalable APIs and logistics to dominate sampling amid industry digitization.[1][2] Trends like sustainability mandates, AI-enhanced search, and B2B2C marketplaces will propel growth, potentially evolving its influence from sampling leader to full design workflow platform—reinforcing its role as the go-to hub that revolutionized material access for a faster, greener design world.[1][3]
Material Bank has raised $333.0M in total across 4 funding rounds.
Material Bank's investors include Alkeon Capital, Bain Capital Ventures, Coatue, Contrary Capital, Creandum, ENIAC Ventures, High Alpha, IVP, Mangrove Capital Partners, NextView Ventures, Sequoia Capital, ThirdLove.
Material Bank has raised $333.0M across 4 funding rounds. Most recently, it raised $180.0M Series D in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2022 | $180.0M Series D | Alkeon Capital, Bain Capital Ventures, Coatue, Contrary Capital, Creandum, ENIAC Ventures, High Alpha, IVP, Mangrove Capital Partners, NextView Ventures, Sequoia Capital, ThirdLove, Thrive Capital, Keri Gohman | |
| May 1, 2021 | $100.0M Series C | Alkeon Capital, Bain Capital Ventures, Coatue, Contrary Capital, Creandum, ENIAC Ventures, High Alpha, IVP, Mangrove Capital Partners, NextView Ventures, Sequoia Capital, ThirdLove, Thrive Capital, Keri Gohman | |
| Apr 1, 2020 | $28.0M Series B | Alkeon Capital, Bain Capital Ventures, Coatue, Contrary Capital, Creandum, ENIAC Ventures, High Alpha, IVP, Mangrove Capital Partners, NextView Ventures, Sequoia Capital, ThirdLove, Thrive Capital, Keri Gohman | |
| Mar 1, 2020 | $25.0M Series B | Alkeon Capital, Bain Capital Ventures, BMW i Ventures, Coatue, Creandum, Thrive Capital, Keri Gohman |