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Announced

Completed

Brookfield led a $175m Series D funding round in Material Bank.

Financials

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Transaction Value£140m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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marketplace

Private Equity

Venture Capital

Private

Acquisition

United States

Friendly

Cross Border

Completed

Diversified Retailers

Minority

Synopsis

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Brookfield led a $175m Series D funding round in Material Bank, an operator of a material marketplace platform, with participation from Fifth Wall, SoftBank Vision Fund 2, RXR, 9Yards Capital, Echo Street, Bain Capital Ventures, Durable Capital Partners, General Catalyst, BOND, Raine Ventures, and Lead Edge Capital. “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," Adam I. Sandow, Material Bank Founder and CEO.

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