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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. ....
Economic confidence recovers to near pre-pandemic levels for finance leaders Sentiment has risen for three consecutive quarters in a quarterly survey of CPA executives in business and industry. Revenue and profit are projected to increase in the next year. By Andrew Kenney The arrival of vaccines and a nascent economic recovery boosted the outlook of finance leaders, whose confidence drew closer to pre-pandemic levels in the first-quarter AICPA Business & Industry Economic Outlook Survey. The survey’s CPA Outlook Index (CPAOI) rose six points to 68 out of 100, boosted in part by finance decision-makers’ optimism about revenue and profit for the coming 12 months. The nine-component index peaked at 81 in the first quarter of 2018 and had remained in the 70s until the second quarter of last year, when it dropped from 76 to 38. A reading above 50 reflects positive sentiment. ....