Material Exchange

company

About

The Material Exchange allows designers, materials teams, product developers and material vendors to search, source and collaborate.

  • 11 - 50

Details

Last Funding Type
Series A
Last Funding Money Raised
€25M
Industries
Software,Supply Chain Management
Founded date
Jan 1, 2017
Number Of Employee
11 - 50
Operating Status
Active

In August of 2016 a collection of forward-thinking industry professionals began to reimagine the way we interact with materials. Rather than the conventional method of sifting through dozens of sample books to review options, a new approach was imagined leveraging digital visualization technology as well as advanced filtering capabilities.

The Material Exchange is an online database which allows designers, materials teams, product developers and material vendors to collaborate, filter and organize the raw materials for their collections all within a secure environment.

Working closely with innovative brands, the Footwear Distributors and Retailers of America, PTC and Substance from Allegorithmic, this industry-led platform provides a solution which allows for the rapid visualization of materials, automates data input and improves communication between material suppliers and manufacturers.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
€30M
Material Exchange has raised a total of €30M in funding over 2 rounds. Their latest funding was raised on Apr 12, 2022 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 12, 2022 Series A €25M 2 Molten Ventures Detail
Nov 26, 2020 Series Unknown €5M 1 Norrsken VC Detail

Investors

Number of Lead Investors
Number of Investors
2
2
Material Exchange is funded by 2 investors. Molten Ventures and Norrsken VC are the most recent investors.
Investor Name Lead Investor Funding Round
Molten Ventures Yes Series A
Norrsken VC Series A