Material Bank announces $175M Series D raise led by Brookfield

New York, NY Material Bank has secured $175 million in Series D funding led by Brookfield’s technology investment arm Brookfield Growth, with participation from additional strategic partners Fifth Wall, SoftBank Vision Fund 2, and RXR. This significant raise brings the company’s total funding to more than $325 million. 

Material Bank intends to leverage the new capital and strategic partnership with Brookfield to foster deeper relationships within the real estate and construction industries to benefit its growing list of brand partners. It will support the company’s expanding global footprint, power strategic acquisitions, and allow for further investments in innovative solutions for the multi-billion dollar architecture, design, and construction industries.

“We have been fortunate to raise capital over the last few years from some of the best financial firms in the world, and with this raise, we turned our focus to strategic investors—and there is no better partner for our business than Brookfield given their massive holdings in real estate and related industries as well as their incredible track record of helping their portfolio companies grow,” said Adam Sandow, founder and CEO of Material Bank. “We believe that the synergies between Material Bank and Brookfield will have a material impact on the speed of our growth and provide new opportunities to help our almost 500 brand partners capture additional market share.” 

With $700 billion in assets under management and over $250 billion of that in the real estate market, Brookfield owns, operates, and develops iconic properties in the world’s most dynamic markets. The company’s diverse portfolio spans everything from office, retail, multifamily, and logistics to hospitality, residential, triple net lease, and student housing assets on five continents.

“Material Bank is reinventing the way in which architects, designers, and corporate users search and sample by creating a unified platform with fast fulfillment capabilities,” said Josh Raffaelli, managing partner at Brookfield. “This instantly connects hundreds of suppliers with target customers and streamlines a historically lengthy selection process. As one of the largest developers in the world, Brookfield is a proponent of standardizing the sampling and specification process to build beautiful spaces in a sustainable and efficient manner. We recognize Material Bank’s unique ability to facilitate this at scale and are excited to partner with the team in transforming our industry.”  

Material Bank has experienced industry adoption and growth since its 2019 launch. By providing a scalable digital marketplace combined with a large-scale, robotic logistics facility, Material Bank seamlessly connects its global brand partners to its more than 90,000 active members. Users are able to search from more than 300,000 SKUs on a single website, order samples until midnight ET, and receive all materials in a single box by 10:30 am the next morning.