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Material Exchange

Rönninge, SE · 9 known investors

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Material Exchange runs a sourcing platform for the fashion industry that connects brands and suppliers to source fabrics and materials for apparel and footwear collections. It offers an AI sourcing assistant, Frank, that finds materials, provides data on each, and connects brands with suppliers for production.

Advanced ManufacturingAI & Machine LearningB2B MarketplacesRetail TechSaaS

Founders & leadership

DGDarren Glenister
Darren GlenisterFounder · CEODarren Glenister previously served as CEO of Material Exchange, where he worked on product lifecycle management, sourcing infrastructure, and supplier networks. He is now founder of Ask Frank, an AI sourcing agent that helps brands and suppliers with supplier discovery and early-stage product development.
DLDora Lality
Dora LalityChief Legal Officer
RCRobert Conway
Robert ConwayChief Product & Technology OfficerRobert Conway previously held CTO and CPTO roles at listed, private, and VC-backed companies, with experience in FinTech and platform businesses. He now serves as Chief Product & Technology Officer at Material Exchange, a B2B marketplace for textile and supply chain sourcing in the fashion industry.
GBGareth Bartman
Gareth BartmanChief Financial OfficerGareth Bartman holds an MBA and brings experience in financial leadership, marketplace businesses, and strategic growth initiatives including M&A.
DZDejan Zvekic
Dejan ZvekicChief of Digitization

Investors · 9

Day One Capital✓ confirmed by Material ExchangeBudapest · $330K – $2.2M

How we know: the company's own site · vogue.com · Not right? Tell us

Norrsken VC✓ confirmed by Material ExchangeStockholm · $1.1M – $3.2M

How we know: the company's own site · a partner's Signal profile · vogue.com · the VCSheet dataset · Not right? Tell us

Inventurelisted by InventureHelsinki

How we know: Inventure's portfolio page · Not right? Tell us

Partech Ventureslisted by Partech VenturesParis · $200K – $50M

How we know: vogue.com · partechpartners.com · open dataset · 5k.vc investor directory · Not right? Tell us

InventurereportedHelsinki · $330K – $5.5M

How we know: the VCSheet dataset · Not right? Tell us

NCT VenturesreportedColumbus

How we know: a partner's Signal profile · Not right? Tell us

Norrsken AcceleratorreportedStockholm

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Also in the syndicate · 1

Lyra

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does Material Exchange do?
Material Exchange runs a sourcing platform for the fashion industry that connects brands and suppliers to source fabrics and materials for apparel and footwear collections. It offers an AI sourcing assistant, Frank, that finds materials, provides data on each, and connects brands with suppliers for production.
Who founded Material Exchange?
Material Exchange was founded by Darren Glenister.
Who are Material Exchange's investors?
Material Exchange's investors include Molten Ventures, Day One Capital, Norrsken VC, Inventure, Partech Ventures, Inventure, NCT Ventures, Norrsken Accelerator.
Where is Material Exchange headquartered?
Material Exchange is headquartered in Rönninge, SE.