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About Material
Material is a venture capital firm founded in 2019. It is primarily based out of New York City, United States. As of May 2023, Material has invested in 7 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Retail to Enterprise Applications and Consumer. Most recently it participated in the $***** Series A round of Unlimited Funds Overall, Material portfolio has seen 1 acquisition, namely Blue Apron. A lot of funds co-invest with Material, with names like FirstMark sharing a substantial percentage of its portfolio. Material has team of 3 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A
Portfolio Acquisitions
Portfolio Soonicorns
Material's List of Top Investments
Material has a portfolio of 7 companies. Their most notable investmentis in Unlimited FundsTheir portfolio spans across United States and United Kingdom. They have invested in Retail, Enterprise Applications, Consumer and 8 other sectors, across stages such as Series A stage. Here is the list of top investments by Material:1. Blue Apron
Provider of subscription-based meal kit delivery services. It delivers meal kits with pre-measured ingredients and recipe cards in refrigerated boxes and offers them to the subscribed members on a weekly basis. The company claims to buy food in bulk and split it up into portioned meal kits for the subscribers. The company also offers wines to the customers on a subscription-based policy.
Key facts about Blue Apron
- Founded Year: 2012
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $194M
- Employee Count: 1,452 as on May 31, 2026
- Investors: Fidelity Investments, EG Capital Advisors and 20 Others
- Latest Funding Round: Post IPO, May 02, 2022, $*****
- Highlight: Acquired
Provider of DNA test kits for dogs that enable dog owners to provide better pet care. The test tracks more than 200,000 genetic markers. The test analyzes the dog's ancestry and provides an overview of both genetic disease risk and heritable traits so the owners can understand their dog’s health plans for the future. It also provides an app for dog owners to book an appointment and invite the Embark team to their homes to learn more about the test kit.
Key facts about Embark Veterinary
- Founded Year: 2015
- Location: Austin (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $94.3M
- Employee Count: 73 as on May 31, 2026
- Investors: Finger Group, FJ Labs and 19 Others
- Latest Funding Round: Series B, Jul 26, 2021, $*****
- Highlight: Editors' Pick
3. Terminal
Terminal is a remote developers hiring platform. The platform employers to hire remote developers by screening candidates, work on projects, and retain top talent. It allows remote developers to create a profile by mentioning the skills and it matches jobs based on the skills. The clientele includes Spot Hero, Armory, Gusto, Crew, Hims & Hers, Dialpad, Chime, etc.
Key facts about Terminal
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Series B
- Total Funding till date: $30M
- Employee Count: 164 as on May 31, 2026
- Investors: Western Technology Investment, Cathay Innovation and 12 Others
- Latest Funding Round: Series B, Sep 26, 2019, $*****
- Highlight: Editors' Pick
4. Bungalow
Provider of managed co-living spaces. The platform enables users to search for homes by applying the location filter and schedule a tour to the house of their choice. Some of the amenities provided include Wi-Fi, housekeeping, maintenance, utilities, and monthly community events. The company partners with homeowners to rent their properties via the platform.
Key facts about Bungalow
- Founded Year: 2017
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $150M
- Employee Count: 185 as on May 31, 2026
- Investors: Khosla Ventures, Flucas Ventures and 19 Others
- Latest Funding Round: Series C, Aug 24, 2021, $*****
- Highlight: Editors' Pick
AI-based platform for private investments. Provides solutions using machine learning to create products that replicate the index returns of alternative investments. Uses the index returns data as the training data for machine learning approaches to infer and then replicate the real-time positioning of alternative asset managers.
Key facts about Unlimited Funds
- Founded Year: 2022
- Location: New York City (United States)
- Stage: Series A
- Total Funding till date: $8M
- Employee Count: 61 as on May 31, 2026
- Investors: Citi Ventures, Floating Point and 2 Others
- Latest Funding Round: Series A, May 23, 2023, $*****
- Highlight: Editors' Pick
Material's Year-on-Year Investment Trends
Material has invested in 7 companies over the last 5 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in Unlimited Funds and most recent follow-on round was in Unlimited Funds.Material's Investments by Stage
Material has made 2 investments in Series A stage with an average round size of $79M.Material's Investments by Sector
Material has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech and Retail. Notably, it has invested in 6 Tech companies, 5 Consumer (B2C) companies, 2 Enterprise (B2B) companies and 1 company focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 1 |
FinTech | 1 |
Retail | 1 |
Note: We have considered here, only first round of investments
Material's Investments by Geography
Material has made most investments in United States (2).Material's recent investments
Material has not made any investment in 2026 so far.Here are the most recent investments by Material:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 23, 2023 | United States | Series A | 3317 | [+1] | |
May 28, 2021 | United States | Series A | 8903 | ||
- | United States | Seed | 9874 | - |
Acquired companies in Material's Portfolio
1 company from Material's portfolio has been acquired. The most recent acquisition was Blue Apron in Sep 2023 by Wonder for $*****.Here are Material's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 29, 2023 | - | - | 6284 |
Team profile of Material
Material has a team of 3 members including 3 Partners located in United States. Material's team does not sit on the board of any company as of now.Here is a list of all team members in Material:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | New York City | - | - | |
Partner | - | - | - |
Co-investors of Material
Over the past 5 years, 4 investors have co-invested in Material's portfolio companies. This includes funds and angels.
Recent News related to Material
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Suma Brands Raises $150M Series A to grow Amazon FBAsChannelX•Aug 04, 2021•Suma Brands, Material, i80 Group, Pace Capital
