Fenwick represented Material Bank, a marketplace for searching and sampling architectural, design and construction materials, in its $175 million Series D financing at a valuation of $1.9 billion. The round was led by Brookfield Growth, with participation from Fifth Wall, SoftBank Vision Fund 2 and RXR.
Material Bank will use the new capital to expand its global footprint, power strategic acquisitions and allow for further investments in innovative solutions for the multibillion-dollar architecture, design and construction industries. More information can be obtained from the company's announcement.
The Fenwick transaction team was led by corporate partner Dawn Belt and associates Feihong Xu, Summer Yin and Kristina Hurley.