- Material Bank, a Miami, Fla.-based marketplace for searching and sampling architectural, design, and construction materials, secured $100m in Series C funding
- The company also intends to use the funds to scale teams and infrastructure, expand into new verticals, make strategic acquisitions, and seed long-term growth initiatives
- Led by Founder, Chairman and CEO Adam I. Sandow, Material Bank is a marketplace for design professionals and brands in the architecture and design industry, also providing a way to discover and sample materials
- Material Bank has 375 brands and over 65,000 members performing almost 700,000 material searches a month
- Then the marketplace powered by a new, 380,000 square foot logistics facility, located just minutes from FedEx’s World Hub in Memphis, TN
- This new facility uses autonomous robots to service tens of thousands of sample requests every night
