Fenwick Represents Material Bank in $28 Million Series B Financing

Fenwick & West represented Material Bank, a marketplace for design professionals and brands in the architecture and design industry, in its approximately $28 million Series B financing led by Bain Capital Ventures. The round included existing investors such as Raine Ventures and Barry Sternlicht, co-founder, chairman and CEO of Starwood Capital Group, and brings Material Bank's total funding to date to $55 million.

Material Bank will use the funding to accelerate expansion into new categories, build a new robotic logistics facility to support increased demand, and further develop its SaaS platform. More information can be obtained from the company’s announcement​.

The Fenwick transaction team included corporate partner Dawn Belt and associates Eugene Karlik, Summer Yin and ​Ammanuel Gebeyehu.