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.