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Valuation

$1.9B

2024 Revenue

$55M

Funding

$203M

Team

234

Founded

2019

How Material Bank CEO Sebastian J Gunningham grew Material Bank to $55M revenue with a 234 person team in 2024.

Material Bank is a marketplace for design professionals and brands in the architecture and design industry, providing the fastest and most powerful way to search and sustainably sample design materials.

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Material Bank Revenue

In 2024, Material Bank's revenue reached $55M. Since its launch in 2019, Material Bank has shown consistent revenue growth.

Material Bank Revenue GrowthReported revenue / ARR by year$0$13M$25M$38M$50M$63M201920202021202220232024$0$55MSource: GetLatka.com
YearMilestone
2024Material Bank Hit $55m revenue in December 2024
2019Launched with $0 revenue

Material Bank Valuation, Funding Rounds

Material Bank reached a $1.9B valuation in 2021, set during its None round.

Material Bank has raised $203M in total funding across 2 rounds, most recently a $175M None round in 2021.

Material Bank Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$400M$800M$1B$2B$2B2019202020212019 cumulative: $0 • 2019 Founded: $02020 cumulative: $28M • 2019 Founded: $0 • 2020 None: $28M2021 cumulative: $203M • 2019 Founded: $0 • 2020 None: $28M • 2021 None: $175M @ $2B valuation$203M2019 Founded: $0 valuation2021 None: $2B valuation$2BSource: GetLatka.com
YearRoundAmountValuation% Sold
2021None$175M$1.9B9%
2020None$28M--

Material Bank Employees & Team Size

Material Bank employs approximately 234 people as of 2026.

Material Bank has 234 total employees in different roles and functions.

Material Bank Team GrowthReported headcount over time050100150200250201920202021202220232024202500234234Source: GetLatka.com
YearMilestone
2025Reached 234 employees (November 2025)

Founder / CEO

Sebastian J Gunningham

Sebastian J Gunningham is listed as Founder / CEO at Material Bank.

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Customers

We do not have customer count information for Material Bank yet.

Frequently Asked Questions about Material Bank

What is Material Bank's revenue?

Material Bank generates $55M in revenue.

Who founded Material Bank?

Material Bank was founded by Sebastian J Gunningham.

Who is the CEO of Material Bank?

The CEO of Material Bank is Sebastian J Gunningham.

How much funding does Material Bank have?

Material Bank raised $203M.

How many employees does Material Bank have?

Material Bank has 234 employees.

Where is Material Bank headquarters?

Material Bank is headquartered in Boca Raton, United States.

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Compare Material Bank to the industry

Material Bank operates across multiple industries. Browse revenue, funding, and growth data for Material Bank in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Material Bank Revenue 2024: $55M ARR, $1.9B Valuation