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Material Exchange - About the company
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 19 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
Ranked
1st among 19 active competitors
Employee Count
65 as on Jul 01, 2024
Similar Companies
Legal entities associated with Material Exchange
Material Exchange is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Material Exchange Ventures AB CIN: 559134-2075 , Sweden, Active | Nov 16, 2017 | $1.22M (As on Dec 31, 2024) | - | - |
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Material Exchange's funding and investors
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 | 4121173 | Series A | 3018748 | 6223202 | 1893125 | 3588730 |
Nov 26, 2020 | 4023549 | Series A | 6481880 | 1807919 | 5030382 | |
Nov 19, 2019 | 4213089 | Seed | 7676160 | 9987195 | 8863921 |
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Material Exchange's founders and board of directors
Founder? Claim ProfileHere are the details of Material Exchange's key team members:
- Darren Glenister: CEO of Material Exchange. They serve on the board of 1 company.
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 |
|---|---|---|---|---|
kyhucad | Team | - | Current | 1y 5m |
Independent board member | - | Current | - | |
skpzrfv | Independent board member | - | Current | 6y 5m |
bmihhih | Independent board member | - | Current | 2y 7m |
oryrt{j | Independent board member | - | Current | 6y 7m |
ovffyvy | Independent board member | - | Current | 9y 5m |
dhkfoxc | Independent board member | - | Current | 1y 4m |
View details of Material Exchange's Founder profiles and Board Members
Material Exchange's employee count trend
Material Exchange has 65 employees as of Jul 24. Here is Material Exchange's employee count trend over the years:
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Material Exchange's Competitors and alternates
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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1561091983160.png?devicePixelRatio=2&height=30&width=30){kind=logo} Material Exchange 2017, Stockholm (Sweden), Series A | Online B2B database provider for raw materials | $35.1M | 59/100 | |
2nd | First Insight 2007, Warrendale (United States), Series B | Developer of an AI platform providing predictive analytics for retail decisions | $21.9M | 51/100 | |
3rd | MakerSights 2015, San Francisco (United States), Series B | Provider of product analytical software solutions for brands | $51.5M | 50/100 | |
4th | Platform offering AI powered predictive data analytics for fashion industry | $291K | 43/100 | ||
5th | Company developing sustainable fashion with the help of digital technology | $4.6M | 42/100 | ||
6th |  Cherry Pick 2017, New York City (United States), Acquired | AI-driven software solution for businesses to analyze product development | $1M | 36/100 | |
7th | Insights on competitors' prices, discounts in fashion retail industry | - | 36/100 | ||
8th | Cloud-based image data management solution for fashion e-commerce industry | - | 36/100 | ||
9th | AWEAR Solutions 2013, Tel Aviv (Israel), Deadpooled | Post-purchase customer behavior analytics for retailers & brands | - | 33/100 | |
10th | Claire 2015, New York City (United States), Deadpooled | A/B testing platform for fashion products and price points | $1.92M | 32/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Material Exchange's competitors? Click here to see the top ones
Material Exchange's Investments and acquisitions
Material Exchange has acquired 2 companies including Dado SRL and Studio MV. Material Exchange has not made any investments as of now.Reports related to Material Exchange
Here is the latest report on Material Exchange's sector:
News related to Material Exchange
Media has covered Material Exchange for 1 event in last 1 year, It was about partnerships.
•
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DLA Piper with Material Exchange in the acquisition of Dado srllegalcommunity.it•Sep 25, 2023•DLA Piper, Material Exchange, Dado SRL
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Material Exchange Launches Their Deadstock Depot MarketplaceTextile Industries Media Group•Jun 21, 2023•Material Exchange
•
Material Exchange Acquires Italian Textile Company Studio M.V.Textile Industries Media Group•Nov 16, 2022•Material Exchange, Itcsrl
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Material Exchange Raises 25 Million Euros To Lead Sustainable Material SourcingTextile Industries Media Group•Apr 13, 2022•Material Exchange, Molten Ventures, Partech Partners, Inventure and 5 others
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Material Exchange And Eurofins Softlines & Leather Form A New Collaborative Partnership To Support Material Compliance In Footwear And ApparelTextile Industries Media Group•Oct 08, 2020•Material Exchange, Eurofins Scientific
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