Funding round
Material Exchange Seed
Material Exchange, which works in AI-Driven material sourcing solutions in Stockholm, raised $2.0M in a Seed round announced on 19 Nov 2019, led by Inventure. 1 firm took part. It is Material Exchange's first venture round on record.
$2.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Material Exchange did not disclose a valuation in this round. It is Material Exchange's first venture round on record, 2 years after it was founded in 2017. It is 6.9% of the $29M Material Exchange has raised in the venture rounds on record. Material Exchange raised again 29 months later: a Series A round of $27M in Apr 2022.
Material Exchange's funding rounds
Material Exchange has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 19 Nov 2019, led by Inventure $2.0M
- Other not a venture round 31 Dec 2020, led by Norrsken VC $7.4M
- Series A 14 Apr 2022, led by Molten Ventures $27M
Investors
Who put money in
Inventure led the round.
Lead investor
- backs 60 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,047 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 80% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Nov 2019 | $12M | not disclosed | not named |
| Tech Companies | 4 Nov 2019 | $7.5M | not disclosed | Tiger Global and Slack Fund |
| Dream Games Tech Companies | 20 Nov 2019 | $7.5M | not disclosed | Makers Fund |
| Tech Companies | 4 Nov 2019 | $7.0M | not disclosed | IDI |
| Tech Companies | 13 Nov 2019 | $7.0M | not disclosed | Health Catalyst Capital |
| Tech Companies | 7 Nov 2019 | $6.4M | not disclosed | AV8 Ventures |
| Tech Companies | 12 Nov 2019 | $6.0M | not disclosed | Accel |
| Tech Companies | 1 Nov 2019 | $5.8M | not disclosed | Fika Ventures |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Material Exchange raise in its Seed round?
Material Exchange raised $2.0M in its Seed round, announced in Nov 2019.
Who led Material Exchange's Seed round?
Inventure led it.
What was Material Exchange's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
1,047 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 80% of the median.
Did Material Exchange raise again after this round?
Yes: a Series A round in Apr 2022 of $27M.