When was Material Exchange founded?

Material Exchange was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Material Exchange located?

Material Exchange is headquartered in Stockholm, Sweden.

Which legal entities is Material Exchange associated with?

Material Exchange is associated with Material Exchange Ventures AB.

How many employees does Material Exchange have?

As of Oct 31, 2026, the latest employee count at Material Exchange is 46.

Is Material Exchange a funded company?

Material Exchange is a funded company, having raised a total of $35.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 19, 2019.

When was the latest funding round of Material Exchange?

Material Exchange's latest funding was a $***** Series A round on Apr 11, 2022, with participation from 6 investors.

What is the annual revenue of Material Exchange?

Annual revenue of Material Exchange is between $1M and $10M as on Dec 31, 2024

Where does Material Exchange rank among its competitors?

Material Exchange ranks 2nd amongst 23 active competitors, of which 8 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Synflux, which secured $1.7M in Jan, 2026.

Who are the top competitors of Material Exchange?

Material Exchange's top competitors include First Insight, MakerSights and Stylumia. Among them, Synflux secured the most recent funding round in January, 2026.

Material Exchange - 2026 Company Profile, Team, Funding, Competitors & Financials

Material Exchange is a series A company based in Stockholm (Sweden), founded in 2017. It operates as an Online B2B database provider for raw materials. Material Exchange has raised $35.1M in funding from investors like Inventure, Partech Partners and Molten Ventures. The company has 23 active competitors, including 8 funded and 2 that have exited. Its top competitors include companies like First Insight, MakerSights and Stylumia.

Company Details

Online B2B database provider for raw materials. It provides a platform for apparel, footwear & accessory brands to connect with suppliers and get the raw materials. The platform offers features like searching the fabric samples using filters, 3D projections, automated data input, and more.

Website: material-exchange.com
Social
Email ID: *****@material-exchange.com

Key Metrics

Founded Year

2017

Location

Stockholm, Sweden

Stage

Series A

Total Funding

$35.1M in 3 rounds

Latest Funding Round

Series A, Apr 11, 2022, $*****

Investors

Inventure & 5 more

Ranked

2^nd among 23 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2024

Employee Count

46 as on Oct 31, 2026

Investment & Acquisitions

Dado SRL & 1 more

Similar Companies

First Insight & 23 more

View Material Exchange's full profile

Material Exchange is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
Material Exchange Ventures AB CIN: 559134-2075 , Sweden, Active	Nov 16, 2017	$1M - $10M (As on Dec 31, 2024)	-	-

Material Exchange has raised a total funding of $35.1M over 3 rounds. Its first funding round was on Nov 19, 2019. Its latest funding round was a Series A round on Apr 11, 2022 for $*****. 6 investors participated in its latest round. Material Exchange has 6 institutional investors.

Here is the list of recent funding rounds of Material Exchange:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 11, 2022	6280102	Series A	5907690	6062181	4236506	4519150
Nov 26, 2020	8963962	Series A	7366047	2190946	1915307	Day One Capital & 2 more
Nov 19, 2019	8480163	Seed	3697863	2044008	Inventure	5594727

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View details of Material Exchange's funding rounds and investors

Material Exchange's Board of Directors

Material Exchange's board has 7 active members. Darren Glenister is part of team and Russell Glenister, Jessica Eriksson, Charles Andrew Polk, Taron Sargsyan, Dora Lality and Dejan Zvekic are independent board members.

Here is the list of Material Exchange's board of directors:

Name	Type	Representing	Status	Duration
jhfeczz	Team	-	Current	4y 9m
Russell Glenister	Independent board member	-	Current	-
dndh{en	Independent board member	-	Current	6y 5m
jtayjxw	Independent board member	-	Current	9y 6m
tfryajl	Independent board member	-	Current	8y 8m
tprjlcn	Independent board member	-	Current	8y 8m
{bvsyqp	Independent board member	-	Current	8y 1m

Material Exchange's employee count trend

Material Exchange has 46 employees as of Oct 26. Here is Material Exchange's employee count trend over the years:

Employee count trend for Material Exchange

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Top competitors of Material Exchange include First Insight, MakerSights and Stylumia. Here is the list of Top 10 competitors of Material Exchange, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	First Insight 2007, Warrendale (United States), Series B	Developer of an AI platform providing predictive analytics for retail decisions	$21.9M	Adams Capital Management, Updata & 1 others	55/100
2nd	Material Exchange 2017, Stockholm (Sweden), Series A	Online B2B database provider for raw materials	$35.1M	Molten Ventures, Norrsken VC & 4 others	47/100
3rd	MakerSights 2015, San Francisco (United States), Series B	Provider of product analytical software solutions for brands	$51.5M	Forerunner Ventures, Baseline Ventures & 17 others	49/100
4th	Stylumia 2015, Bengaluru (India), Seed	Platform offering AI powered predictive data analytics for fashion industry	$291K	Lumis Partners, Expert DOJO & 6 others	42/100
5th	Synflux 2019, Chuo (Japan), Seed	Company developing sustainable fashion with the help of digital technology	$4.6M	GOLDWIN, SAZABY LEAGUE & 10 others	42/100
6th	Cherry Pick 2017, New York City (United States), Acquired	AI-driven software solution for businesses to analyze product development	$1M	XRC Ventures, Springboard Enterprises & 3 others	35/100
7th	PreWarp 2020, London (United Kingdom), Seed	Provider of hypnotherapy services for various conditions and personal development	$509K	Entrepreneurs First, Ascension	34/100
8th	Claire 2015, New York City (United States), Deadpooled	A/B testing platform for fashion products and price points	$1.92M	Salesforce, New York Fashion Tech Lab & 2 others	32/100
9th	Jellibeans 2019, Tustin (United States), Seed	Provider of intelligence solutions for fashion businesses	$1M	Aussco Hong Kong	32/100
10th	RetViews 2017, Brussels (Belgium), Acquired	Insights on competitors' prices, discounts in fashion retail industry	-	Lafayette Plug and Play	31/100