Material Exchange valuation, funding and investors
Material Exchange works in AI-Driven material sourcing solutions, based in Stockholm, Sweden. Founded in 2017, it has about 47 employees.
VALUATION · TODAY
$17.7M −14% after Series A
Range $8.92M – $55.5M · Grade CTODAY
+12 MO
$100M
$200M
$300M
$400M
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Seed $2.00M
Series A $27.0M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY47 employees
−30%6m growth
−31%1y growth
−41%2y growth
50
100
Data from Jan 2021
Predicted in 1 yr $15.2M −14% vs today
Predicted next raise $29.5M if a round comes
Winding-down probability 97%
- Last round
- Series A · $27.0M · Apr 2022
- Valuation at last round
- $116M · implied
- Headcount
- 47 · shrinking
- Grade
- C
- Founded
- 2017
Material Exchange valuation today
VCMC values Material Exchange at $17.7M today, with a range of $8.92M to $55.5M and a grade of C. The valuation starts from its last funding round, a Series A round in Apr 2022.
Valuation by date (121 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2017 | $4.06M | $1.48M – $11.2M | $5.57M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $4.17M | $1.52M – $11.5M | $5.72M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $4.27M | $1.56M – $11.7M | $5.86M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $4.39M | $1.60M – $12.1M | $6.02M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $4.51M | $1.64M – $12.4M | $6.18M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $4.63M | $1.68M – $12.7M | $6.34M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $4.75M | $1.73M – $13.0M | $6.51M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $4.88M | $1.78M – $13.4M | $6.69M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $5.01M | $1.82M – $13.8M | $6.87M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $5.14M | $1.87M – $14.1M | $7.05M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $5.28M | $1.92M – $14.5M | $7.24M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $5.42M | $1.97M – $14.9M | $7.43M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $5.57M | $2.03M – $15.3M | $7.63M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $5.72M | $2.08M – $15.7M | $7.84M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $5.86M | $2.13M – $16.1M | $8.03M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $6.02M | $2.19M – $16.5M | $8.25M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $6.18M | $2.25M – $17.0M | $8.47M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $6.34M | $2.31M – $17.4M | $8.70M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $6.51M | $2.37M – $17.9M | $8.93M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $6.69M | $2.43M – $18.4M | $9.02M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $6.87M | $2.50M – $18.9M | $9.10M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $7.05M | $2.57M – $19.4M | $9.18M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $7.24M | $2.64M – $19.9M | $9.27M (+28%) | before first round | – | unknown | D | 0% |
| 1 Dec 2018 | $7.43M | $2.71M – $20.4M | $9.35M (+26%) | before first round | – | unknown | D | 0% |
| 1 Jan 2019 | $7.63M | $2.78M – $21.0M | $9.43M (+24%) | before first round | – | unknown | D | 0% |
| 1 Feb 2019 | $7.84M | $2.85M – $21.5M | $9.52M (+21%) | before first round | – | unknown | D | 0% |
| 1 Mar 2019 | $8.03M | $2.92M – $22.1M | $9.60M (+19%) | before first round | – | unknown | D | 0% |
| 1 Apr 2019 | $8.25M | $3.00M – $22.7M | $9.69M (+17%) | before first round | – | unknown | D | 0% |
| 1 May 2019 | $8.47M | $3.08M – $23.3M | $9.77M (+15%) | before first round | – | unknown | D | 0% |
| 1 Jun 2019 | $8.70M | $3.17M – $23.9M | $9.86M (+13%) | before first round | – | unknown | D | 0% |
| 1 Jul 2019 | $8.93M | $3.25M – $24.5M | $9.95M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2019 | $9.02M | $3.28M – $24.8M | $10.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2019 | $9.10M | $3.31M – $25.0M | $10.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2019 | $9.18M | $3.34M – $25.2M | $10.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2019 | $9.27M | $3.37M – $25.5M | $10.3M (+11%) | before first round | – | unknown | D | 0% |
| 20 Nov 2019 | $12.3M | $8.04M – $37.2M | $24.5M (+100%) | after a round | – | unknown | C | 0% |
| 1 Dec 2019 | $12.5M | $8.04M – $37.2M | $24.5M (+95%) | after a round | – | unknown | C | 0% |
| 1 Jan 2020 | $13.3M | $8.04M – $37.2M | $24.5M (+84%) | after a round | – | unknown | C | 0% |
| 1 Feb 2020 | $14.1M | $8.04M – $37.2M | $24.5M (+74%) | after a round | – | unknown | C | 0% |
| 1 Mar 2020 | $14.9M | $8.04M – $37.2M | $24.5M (+64%) | after a round | – | unknown | C | 0% |
| 1 Apr 2020 | $15.8M | $8.04M – $37.2M | $24.5M (+55%) | after a round | – | unknown | C | 0% |
| 1 May 2020 | $16.7M | $8.04M – $37.2M | $24.5M (+47%) | after a round | – | unknown | C | 0% |
| 1 Jun 2020 | $17.7M | $8.04M – $37.2M | $24.5M (+38%) | after a round | – | unknown | C | 0% |
| 1 Jul 2020 | $18.7M | $8.04M – $37.2M | $24.5M (+30%) | after a round | – | unknown | C | 0% |
| 1 Aug 2020 | $19.9M | $8.04M – $37.2M | $24.5M (+23%) | after a round | – | unknown | C | 0% |
| 1 Sep 2020 | $21.1M | $8.04M – $37.2M | $24.5M (+16%) | after a round | – | unknown | C | 0% |
| 1 Oct 2020 | $22.3M | $8.04M – $37.2M | $24.5M (+10%) | after a round | – | unknown | C | 0% |
| 1 Nov 2020 | $23.7M | $8.04M – $37.2M | $24.5M (+3%) | after a round | – | unknown | C | 0% |
| 1 Dec 2020 | $24.5M | $7.87M – $37.2M | $24.5M (0%) | after a round | – | unknown | C | 0% |
| 1 Jan 2021 | $24.5M | $7.48M – $37.2M | $24.5M (0%) | after a round | 49 | unknown | C | 0% |
| 1 Feb 2021 | $24.5M | $7.11M – $37.2M | $24.5M (0%) | after a round | 49 | unknown | C | 0% |
| 1 Mar 2021 | $24.5M | $6.79M – $37.2M | $24.5M (0%) | after a round | 49 | unknown | C | 0% |
| 1 Apr 2021 | $24.5M | $6.45M – $37.2M | $24.5M (0%) | after a round | 49 | flat | C | 0% |
| 1 May 2021 | $24.5M | $6.14M – $37.2M | $24.5M (0%) | after a round | 49 | flat | C | 0% |
| 1 Jun 2021 | $24.5M | $5.84M – $37.2M | $24.5M (0%) | after a round | 49 | flat | C | 0% |
| 1 Jul 2021 | $24.5M | $5.56M – $37.2M | $24.5M (0%) | after a round | 49 | flat | C | 0% |
| 1 Aug 2021 | $24.5M | $5.28M – $37.2M | $24.5M (0%) | after a round | 49 | flat | C | 0% |
| 1 Sep 2021 | $24.5M | $5.02M – $37.2M | $24.5M (0%) | after a round | 49 | flat | D | 0% |
| 1 Oct 2021 | $24.5M | $4.78M – $37.2M | $24.5M (0%) | after a round | 49 | flat | D | 0% |
| 1 Nov 2021 | $24.5M | $4.54M – $37.2M | $24.5M (0%) | after a round | 49 | flat | D | 0% |
| 1 Dec 2021 | $24.5M | $4.32M – $37.2M | $24.4M (0%) | after a round | 49 | flat | D | 0% |
| 1 Jan 2022 | $24.5M | $4.11M – $37.2M | $24.2M (-1%) | after a round | 49 | flat | D | 0% |
| 1 Feb 2022 | $24.5M | $3.90M – $37.2M | $24.0M (-2%) | after a round | 49 | flat | D | 0% |
| 1 Mar 2022 | $24.5M | $3.73M – $37.2M | $23.8M (-3%) | after a round | 49 | flat | D | 0% |
| 1 Apr 2022 | $24.5M | $3.95M – $37.2M | $24.5M (0%) | after a round | 66 | up | D | 0% |
| 15 Apr 2022 | $116M | $81.6M – $296M | $208M (+80%) | after a round | 66 | up | C | 0% |
| 1 May 2022 | $119M | $81.6M – $296M | $208M (+75%) | after a round | 66 | up | C | 0% |
| 1 Jun 2022 | $125M | $81.6M – $296M | $208M (+67%) | after a round | 66 | up | C | 0% |
| 1 Jul 2022 | $131M | $81.6M – $296M | $208M (+59%) | after a round | 66 | up | C | 0% |
| 1 Aug 2022 | $138M | $81.6M – $296M | $208M (+51%) | after a round | 66 | up | C | 0% |
| 1 Sep 2022 | $145M | $81.6M – $296M | $208M (+44%) | after a round | 66 | up | C | 0% |
| 1 Oct 2022 | $152M | $81.6M – $296M | $208M (+37%) | after a round | 66 | up | C | 0% |
| 1 Nov 2022 | $160M | $81.6M – $296M | $208M (+30%) | after a round | 66 | unknown | C | 0% |
| 1 Dec 2022 | $168M | $81.6M – $296M | $208M (+24%) | after a round | 66 | unknown | C | 0% |
| 1 Jan 2023 | $177M | $81.6M – $296M | $208M (+18%) | after a round | 66 | unknown | C | 0% |
| 1 Feb 2023 | $186M | $81.6M – $296M | $208M (+12%) | after a round | 66 | unknown | C | 0% |
| 1 Mar 2023 | $194M | $81.6M – $296M | $208M (+7%) | after a round | 66 | unknown | C | 0% |
| 1 Apr 2023 | $205M | $81.9M – $297M | $209M (+2%) | after a round | 67 | flat | C | 0% |
| 1 May 2023 | $209M | $79.7M – $297M | $209M (0%) | after a round | 67 | flat | C | 0% |
| 1 Jun 2023 | $209M | $75.7M – $297M | $209M (0%) | after a round | 67 | flat | C | 0% |
| 1 Jul 2023 | $209M | $72.1M – $297M | $209M (0%) | after a round | 67 | flat | C | 0% |
| 1 Aug 2023 | $209M | $68.5M – $297M | $209M (0%) | after a round | 67 | flat | C | 0% |
| 1 Sep 2023 | $209M | $65.1M – $297M | $209M (0%) | after a round | 67 | flat | C | 0% |
| 1 Oct 2023 | $218M | $81.1M – $309M | $218M (0%) | after a round | 81 | up | C | 0% |
| 1 Nov 2023 | $218M | $80.3M – $309M | $218M (0%) | after a round | 81 | up | C | 0% |
| 1 Dec 2023 | $218M | $79.6M – $309M | $218M (0%) | after a round | 81 | up | C | 0% |
| 1 Jan 2024 | $218M | $78.9M – $309M | $218M (0%) | after a round | 81 | up | C | 0% |
| 1 Feb 2024 | $218M | $78.1M – $309M | $218M (0%) | after a round | 81 | up | C | 0% |
| 1 Mar 2024 | $219M | $77.6M – $310M | $219M (0%) | after a round | 82 | up | C | 0% |
| 1 Apr 2024 | $219M | $76.9M – $310M | $219M (0%) | after a round | 82 | up | C | 0% |
| 1 May 2024 | $219M | $58.6M – $310M | $218M (0%) | after a round | 82 | up | C | 0% |
| 1 Jun 2024 | $219M | $56.9M – $310M | $218M (0%) | after a round | 82 | up | C | 0% |
| 1 Jul 2024 | $219M | $55.2M – $310M | $217M (-1%) | after a round | 82 | up | C | 0% |
| 1 Aug 2024 | $217M | $53.3M – $309M | $215M (-1%) | after a round | 80 | up | C | 0% |
| 1 Sep 2024 | $217M | $51.7M – $309M | $214M (-2%) | after a round | 80 | up | C | 0% |
| 1 Oct 2024 | $217M | $50.1M – $309M | $213M (-2%) | after a round | 80 | up | C | 0% |
| 1 Nov 2024 | $197M | $33.6M – $304M | $179M (-9%) | after a round | 80 | flat | D | 9% |
| 1 Dec 2024 | $196M | $31.9M – $305M | $177M (-10%) | after a round | 80 | flat | D | 9% |
| 1 Jan 2025 | $196M | $30.4M – $305M | $175M (-11%) | after a round | 80 | flat | D | 9% |
| 1 Feb 2025 | $195M | $28.9M – $306M | $173M (-11%) | after a round | 80 | flat | D | 9% |
| 1 Mar 2025 | $195M | $27.6M – $307M | $171M (-12%) | after a round | 80 | flat | D | 9% |
| 1 Apr 2025 | $194M | $26.2M – $307M | $169M (-13%) | after a round | 80 | flat | D | 9% |
| 1 May 2025 | $181M | $24.9M – $295M | $157M (-13%) | after a round | 80 | flat | D | 13% |
| 1 Jun 2025 | $178M | $23.7M – $293M | $155M (-13%) | after a round | 80 | flat | D | 13% |
| 1 Jul 2025 | $176M | $22.6M – $291M | $153M (-13%) | after a round | 80 | flat | D | 13% |
| 1 Aug 2025 | $48.5M | $20.6M – $216M | $32.1M (-34%) | after a round | 67 | down | D | 97% |
| 1 Sep 2025 | $46.9M | $19.7M – $215M | $31.1M (-34%) | after a round | 68 | down | D | 97% |
| 1 Oct 2025 | $45.8M | $18.7M – $214M | $30.5M (-33%) | after a round | 68 | down | D | 96% |
| 1 Nov 2025 | $43.5M | $17.8M – $211M | $28.9M (-34%) | after a round | 68 | down | D | 97% |
| 1 Dec 2025 | $41.9M | $16.9M – $210M | $27.8M (-34%) | after a round | 68 | down | D | 97% |
| 1 Jan 2026 | $40.2M | $16.0M – $207M | $26.7M (-34%) | after a round | 67 | down | D | 97% |
| 1 Feb 2026 | $38.7M | $15.2M – $206M | $25.8M (-33%) | after a round | 67 | down | D | 97% |
| 1 Mar 2026 | $40.2M | $14.6M – $207M | $27.6M (-31%) | after a round | 67 | down | D | 93% |
| 1 Apr 2026 | $38.8M | $13.8M – $205M | $27.6M (-29%) | after a round | 67 | down | D | 93% |
| 1 May 2026 | $24.1M | $12.6M – $68.3M | $15.9M (-34%) | after a round | 55 | shrinking | C | 97% |
| 1 Jun 2026 | $33.1M | $12.0M – $209M | $24.3M (-27%) | after a round | 55 | down | D | 97% |
| 1 Jul 2026 | $32.0M | $11.4M – $208M | $24.3M (-24%) | after a round | 55 | down | D | 97% |
| 1 Aug 2026 | $30.8M | $10.8M – $207M | $24.3M (-21%) | after a round | 55 | down | D | 97% |
| 1 Sep 2026 | $29.7M | $10.3M – $205M | $24.3M (-18%) | after a round | 55 | down | D | 97% |
| 1 Oct 2026 | $18.7M | $9.47M – $56.8M | $15.3M (-18%) | after a round | 47 | shrinking | C | 97% |
| 24 Oct 2026 | $17.7M | $8.92M – $55.5M | $15.2M (-14%) | after a round | 47 | shrinking | C | 97% |
Key facts about Material Exchange
- Founded
- 2017
- Headquarters
- Stockholm, Sweden
- Employees
- about 47 -31% in a year
- Total raised
- $36M
- Funding rounds
- 3
- Last round
- Series A Apr 2022
Material Exchange was founded in 2017 by Darren Glenister, Dora Lality and Erik Gregory.
Material Exchange funding history
Material Exchange has 3 funding rounds on record, from Nov 2019 to Apr 2022, $36M in total. None disclosed a valuation.
Series A 14 Apr 2022
Led by Molten Ventures; with Partech, Norrsken VC, Inventure, Day One Capital, Lyra Ventures.
Sources: material-exchange.com, vogue.com, shoeintelligence.com and 1 more
$27M
$7.4M
$2.0M
Material Exchange investors
6 investors have backed Material Exchange; Inventure, Norrsken VC and Molten Ventures led at least one round.
What Material Exchange does
Material Exchange works in tech companies, with 13 recorded offerings and customers in fashion, apparel and footwear.
Material Exchange Ventures AB is a Swedish company that develops and operates AI-driven sourcing solutions for the fashion, footwear, and apparel industries. The company provides digital sourcing platforms, a B2B marketplace, and a centralized database, as well as digital scanning and sample ordering services. Material Exchange also offers marketing services and collaborates with sustainability data and analytics platforms to support fashion brands with sustainability data and analytics. Its operations are supported by a team distributed across multiple countries.
Description from Veridion's company data.
Products and services
- AI-Driven Material Sourcing Solutions
- Digital Sourcing Platform Development
- Fashion Industry Marketplace Services
- Material Sourcing Services
- Digital Material Scanning Services
- Sample Ordering Services
- Supplier Product Showcasing Services
- Sourcing Data Insights and Analytics
- Sustainability Data and Analytics Services
- Brand and Supplier Collaboration Solutions
- Compliance Management Solutions
- Product Margin Optimization Solutions
- Fashion Industry Marketing Services
Markets
- Fashion
- Apparel
- Footwear
Technology
- AI-Driven Sourcing Automation
- Digital Scanning for Material Identification
- Sustainability Data and Analytics Integration
Business model
- Business-to-Business
- Service Provider
- Software-as-a-Service
Industry codes (NAICS)
- 513210 Software Publishers 50% match
- 541618 Other Management Consulting Services 30% match
- 425120 Wholesale Trade Agents and Brokers 20% match
Questions about Material Exchange
What is Material Exchange worth?
Valuation $17.7M (range $8.92M to $55.5M), as of 24 Oct 2026.
Has Material Exchange raised money?
Material Exchange has 3 funding rounds on record, from Nov 2019 to Apr 2022, $36M in total. None disclosed a valuation.
Who has invested in Material Exchange?
Inventure, Norrsken VC, Molten Ventures, Day One Capital, Lyra Ventures and Partech. Lead investors include Inventure, Norrsken VC and Molten Ventures.
How many people work at Material Exchange?
About 47, down 31% over the last year. Headcount rose from 49 in Jan 2021 to 82 in Mar 2024, then fell to 47 in Sep 2026.
What does Material Exchange do?
Material Exchange works in tech companies, with 13 recorded offerings and customers in fashion, apparel and footwear. Its main offerings are AI-Driven material sourcing solutions, digital sourcing platform development and fashion industry marketplace services.
When was Material Exchange founded, and where is it based?
Material Exchange was founded in 2017 and is based in Stockholm, Sweden. It has about 47 employees, down 31% over the last year.