What is Material World?
Material World, operating as Material Wrld, Inc., is a prominent high-end second-hand retailer specializing in previously owned luxury brand women's clothing, shoes, and accessories. Founded in 2012 and headquartered in Brooklyn, NY, the company champions environmental sustainability by mitigating the fashion industry's impact through the resale of luxury items, thereby eliminating processes like manufacturing and waste. Material World offers a platform for customers to both sell and purchase pre-owned luxury goods, enabling them to stay current with fashion trends while supporting eco-conscious consumption.
How much funding has Material World raised?
Material World has raised a total of $13M across 4 funding rounds:
Angel/Seed
$780K
Private Equity
$1M
Private Equity
$2.2M
Series B
$9M
Angel/Seed (2012): $780K with participation from SunBridge Global Ventures and Great Oaks VC
Private Equity (2013): $1M, investors not publicly disclosed
Private Equity (2014): $2.2M, investors not publicly disclosed
Series B (2016): $9M featuring Nissay Capital
Key Investors in Material World
SunBridge Global Ventures
SunBridge Global Ventures Inc is a Japanese finance company that operates in the venture capital space, likely focusing on early-stage investments and supporting innovative businesses.
Great Oaks VC
Great Oaks Venture Capital is an early-stage investment firm that supports founders building transformative companies across various sectors, with a particular expertise in software, healthcare, and marketplaces.
Nissay Capital
Nissay Capital Co Ltd is a Japanese venture capital firm established in 1991, engaged in start-up, early-stage, expansion, and growth capital investments.
What's next for Material World?
The recent major strategic investment signifies Material World's transition into a scaling phase, likely moving beyond its initial development stages. This substantial backing suggests a strategic focus on expanding its market reach, potentially through enhanced e-commerce capabilities, broader inventory acquisition, and increased marketing efforts. The company is well-positioned to capitalize on the growing consumer demand for sustainable fashion alternatives, leveraging this capital to solidify its leadership in the circular economy for luxury goods.
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