# Material Bank funding: rounds and investors

> Material Bank has raised $175M across 1 round since 2022. Investors include General Catalyst, FJ Labs and Bain Capital Ventures. Every round with its source.

Source: https://millionrounds.com/company/material-bank (Millionrounds; every figure on the page links to its filing or article)

United States · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Material Bank*

One round we have observed, with the 8 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Construction

Valuation: $1.9B, Mar 2026

Funding summary Updated 26 Oct 2026

**$175M** raised across 1 round since 2022, from 1 source

- **Latest round:** Series D, $175M May 2022
- **Investors:** 8

See who backed them

## The rounds

- **May 2022** Series D **$175M** [General Catalyst](https://millionrounds.com/fund/general-catalyst) [FJ Labs](https://millionrounds.com/fund/fj-labs) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [SoftBank](https://millionrounds.com/fund/softbank-2) [SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) [Bond](https://millionrounds.com/fund/bond) [Fifth Wall](https://millionrounds.com/fund/fifth-wall) [9Yards Capital](https://millionrounds.com/fund/9yards-capital) Source recorded

## Everyone who backed them

[General Catalyst](https://millionrounds.com/fund/general-catalyst) VC firm **1** round

[FJ Labs](https://millionrounds.com/fund/fj-labs) VC firm **1** round

[Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **1** round

[SoftBank](https://millionrounds.com/fund/softbank-2) Investment firm **1** round

[SoftBank Vision Fund](https://millionrounds.com/fund/softbank-investment-advisers) VC firm **1** round

[Bond](https://millionrounds.com/fund/bond) Growth equity **1** round

[Fifth Wall](https://millionrounds.com/fund/fifth-wall) VC firm **1** round

[9Yards Capital](https://millionrounds.com/fund/9yards-capital) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=material-bank).

## Also claim to have backed them

These 5 firms list Material Bank as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Advance Venture Partners](https://millionrounds.com/fund/advance-venture-partners) Private equity Per its own site

[Annox Capital](https://millionrounds.com/fund/annox-capital) VC firm Per its own site

[RXR ARDEN Digital Ventures (RADV)](https://millionrounds.com/fund/radv) VC firm Per its own site

[IPD Capital](https://millionrounds.com/fund/ipd-capital) VC firm Per its own site

[Westway Capital](https://millionrounds.com/fund/westway-capital-llc) VC firm Per its own site

## Quick answers about Material Bank

### Who invested in Material Bank?

Material Bank's investors include General Catalyst, FJ Labs, Bain Capital Ventures, SoftBank and SoftBank Vision Fund, and 3 more on record.

### How much has Material Bank raised?

Material Bank has raised $175M across 1 round since 2022.

### When did Material Bank last raise?

Material Bank's most recent round was a Series D of $175M in May 2022.

### What was Material Bank's biggest round?

Its most recent round, $175M in May 2022, is also its largest on record.

### Who backed Material Bank first?

Material Bank's first round on record, in May 2022, was backed by General Catalyst, FJ Labs and Bain Capital Ventures and 5 others.

### What stage is Material Bank at?

Material Bank's latest named round is a Series D, in May 2022.

### Where is Material Bank based?

Material Bank is based in the United States.

## Companies like Material Bank

In the same sector, and raised in the last eighteen months.

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Mach9** $46M · Oct 2026](https://millionrounds.com/company/mach9)[**Fireworks AI** $1.7B · Oct 2026](https://millionrounds.com/company/fireworks-ai)[**ASI** $325M · Oct 2026](https://millionrounds.com/company/asi)[**Fragment** $22M · Oct 2026](https://millionrounds.com/company/fragment)

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