Fundraising Fox

Material Exchange

3 known investors

Material Exchange provides an AI-assisted platform for structuring early-stage sourcing, helping product development, sourcing teams, and T1/T2 suppliers align on cost, compliance, and feasibility before decisions move to development. Its agentic co-pilot, Frank AI, structures briefs, identifies relevant suppliers and materials, and flags gaps in cost or compliance data.

Advanced ManufacturingAI & Machine LearningSaaS

Founders & leadership

DGDarren Glenister
Darren GlenisterinFounder · CEO

Investors · 3

Molten VenturesLondon · $2.5M – $63M
InventurereportedHelsinki · $330K – $5.5M
Norrsken VCreportedStockholm · $1.1M – $3.2M

In the news

Material Exchange Raises €25M In Series A Funding - FinSMEsfinsmes.com · Apr 2022Sustainable sourcing startup Material Exchange raises €25 million | Voguevogue.com · Apr 2022Material Exchange plants €25 million underfoot - Tech.eutech.eu · Apr 2022This Swedish fashion tech startup raises €5M to fund its pandemic-driven growth & scale rapidlysiliconcanals.com · Nov 2020Material Exchange Ventures AB raises $2M in funding from Inventure to continue its growth in digitalizing the transparency and sustainability of global fashion supply chains - The Interlinetheinterline.com · Nov 2019Swedish startup Material Exchange raises $2 million seed to digitally transform the fashion supply chain - Tech.eutech.eu · Nov 2019

Frequently asked questions

What does Material Exchange do?
Material Exchange provides an AI-assisted platform for structuring early-stage sourcing, helping product development, sourcing teams, and T1/T2 suppliers align on cost, compliance, and feasibility before decisions move to development. Its agentic co-pilot, Frank AI, structures briefs, identifies relevant suppliers and materials, and flags gaps in cost or compliance data.
Who founded Material Exchange?
Material Exchange was founded by Darren Glenister.
Who are Material Exchange's investors?
Material Exchange's investors include Molten Ventures, Inventure, Norrsken VC.