The Latest Hot Marketplace, Material Bank, Raises $100 Million To Source Architectural And Construction Products—With Help From Robots

Adam Sandow spent the past few decades building a portfolio of publications, including Interior Design, Luxe and Metropolis. From that business, he got an idea for a marketplace for architectural, design and construction materials that could bring technology, search and ease to the old-school way of dealing with samples.

Today, his startup, Material Bank, is the latest fast-growing marketplace to get love from investors. The New York- and Florida-based company raised $100 million in venture funding at a nearly $1 billion valuation, Sandow told Forbes in a video call from the company’s new warehouse in Olive Branch, Mississippi. The new investment, led by General Catalyst, brings Material Bank’s total funding to $157 million. “The feedback

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