What is Material World?
Material World operates as a distinctive platform in the circular economy, offering previously owned luxury brand women's clothing, shoes, and accessories. By facilitating the resale of high-end items, the company actively combats fashion waste and the environmental toll of new manufacturing. This model allows consumers to both sell and purchase desirable fashion items, keeping them abreast of current trends while promoting mindful consumption. Founded in 2012 and headquartered in Brooklyn, NY, Material World has strategically positioned itself at the intersection of luxury fashion and environmental consciousness.
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
Nissay Capital
Nissay Capital Co Ltd is a Japanese venture capital firm established in 1991, specializing in a range of investment stages from startups to growth capital, with a focus on supporting business expansion.
SunBridge Global Ventures
SunBridge Global Ventures Inc is a Tokyo-based firm operating within the finance industry, known for its engagement in early-stage and expansion investments.
Great Oaks VC
Great Oaks Venture Capital is an early-stage investment firm that supports founders across Pre-Seed, Seed, and Series A rounds, with a particular expertise in software, healthcare, financial services, marketplaces, and enterprise solutions.
What's next for Material World?
The recent major strategic investment signals a pivotal growth phase for Material World, likely enabling the company to expand its operational capacity, enhance its technological infrastructure for resale, and broaden its market reach. This infusion of capital, following a history of progressive funding rounds from Seed to Series B, suggests a strategic focus on scaling its business model and solidifying its leadership in the sustainable luxury resale market. The company is poised to further its mission of reducing fashion's environmental footprint through innovative resale solutions.
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