Material Bank, a large B2B marketplace serving the architecture and design industry, is expanding overseas.
Since 2019, Material Bank has focused on building up its business base in the U.S., where it operates a digital marketplace combined with a large-scale, robotic logistics facility.
Architects, designers and other users can search for more than 300,000 SKUs on a single website, order samples up until midnight and get the materials in one box by 10:30 a.m. the next day.
Material Bank expands to Europe
Now, Material Bank, which has raised more than $325 million in investor funding since its launch five years ago, is expanding into Europe.
With more than 500 brands and over 100,000 members, including users at more than 90% of the top 200 largest architectural and design firms and 20% of Fortune 1000 companies, the platform has gained rapid adoption within the design community and continues to experience exponential growth, Material Bank says.
“We are thrilled to expand Material Bank’s game-changing platform to the European market and partner with leading manufacturers in the region and beyond,” says founder and CEO Adam Sandow. “Material Bank has fundamentally transformed the way design professionals in North America discover and sample materials and bring their design projects to life, and we look forward to bringing our innovative tools and services to Europe.”
The European division is led by Philippe Brocart, formerly the managing director of the Maison&Objet.
Material Bank will be located near Paris and will open in the spring with 100 brands, the company says.
“Material Bank has received incredible feedback from the design community in Europe,” Brocart says. “It is a significant advancement for the architecture and design industry.”
Submit a nomination
Nominate a game-changer for the Global B2B eCommerce Industry Awards from Digital Commerce 360 and the B2B Ecommerce Association.
Sign up
Sign up for a complimentary subscription to Digital Commerce 360 B2B News, published 4x/week. It covers technology and business trends in the growing B2B ecommerce industry. Contact Mark Brohan, senior vice president of B2B and Market Research, at mark@digitalcommerce360.com. Follow him on Twitter @markbrohan. Follow us on LinkedIn, Twitter, Facebook and YouTube.
The post A B2B marketplace for architects and designers has designs on Europe appeared first on Digital Commerce 360.
