Material Bank, a Miami, Fla.-based marketplace for searching and sampling architectural, design, and construction materials, secured $100m in Series C funding.
The round, which brought total funding to $157m, was co-led by General Catalyst and Durable Capital Partners LP, with participation from Bond, Lead Edge Capital and existing investors Bain Capital Ventures and Raine Ventures. In conjunction with the funding, Bob Mylod of Annox Capital, will be joining Material Bank’s Board of Directors.
The company 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, providing a way to discover and sample materials.