Fenwick Represents Material Bank in $100 Million Series C Financing

Fenwick represented Material Bank, a marketplace for searching and sampling architectural, design and construction materials, in its $100 million Series C financing.

The round was 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.

Material Bank will use the capital to fuel continued momentum, scale teams and infrastructure, expand into new verticals, make strategic acquisitions and seed long-term growth initiatives. More information about the financing can be found in the company’s announcement.

The Fenwick transaction team was led by corporate partner Dawn Belt and included associates Eugene Karlik, Summer Yin and Stephanie Hong.