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Material Bank
Material Bank is the world’s largest architectural and design-focused material resource library. It is the only place for architects, interior designers and design professionals to search materials from leading brands on a single platform and, with the click of a button, receive samples by 10:30 a.m. the next day. Founded by Adam Sandow in 2018, Material Bank is backed by investors that include Bain Capital Ventures, Barry Sternlicht, and Raine Ventures and is headquartered in New York.
FOUNDED:2018
FOUNDERS:Adam Sandow
08:00am EDT|
The Latest Hot Marketplace, Material Bank, Raises $100 Million To Source Architectural And Construction Products â With Help From Robots
Courtesy of Material Bank
Interior Design,
Luxe and
Metropolis. From that business, he got an idea for a marketplace for architectural, design and construction materials that could bring technology, search and ease to the old-school way of dealing with samples.
Today, his startup, Material Bank, is the latest fast-growing marketplace to get love from investors. The New York- and Florida-based company raised $100 million in venture funding at a nearly $1 billion valuation, Sandow told
Forbes in a video call from the companyâs new warehouse in Olive Branch, Mississippi. The new investment, led by General Catalyst, brings Material Bankâs total funding to $157 million. âThe feedback we got from investors is that we have built a one-of-one business,â Sandow says.