The South Florida Business Journal reported that Material Bank planned to lay off 77 jobs in Boca Raton. This is a material workforce-reduction signal; the article did not establish that the company was shutting down.
SourcePublic company, workplace, funding, and market signals
Updated Aug 16, 2026
Material Bank is a privately held design-technology and logistics company founded by Adam I. Sandow. Its platform lets architects, interior designers, and other design professionals search, compare, organize, and order physical samples from hundreds of architectural, construction, and design-material brands. Samples ordered by midnight ET are consolidated into one carbon-neutral shipment for next-morning delivery in the United States and Canada.
Primary product
Material Bank marketplace and sampling platform for architectural, construction, and design materials.
Founded
2019
Headquarters
Boca Raton, Florida, United States
Team size
100-250 publicly reported; third-party estimates vary materially, from approximately 136 to 218+
Work style
Flexible
Industry
Design Services / Design Technology
Sub-industry
Architecture and design materials marketplace; B2B e-commerce; logistics and product-information technology
Offices
Business model
Stage
Late-stage private / Series D; unicorn valuation reported in 2022
Total raised
$325M
Latest round
Series D · May 2022
Latest amount
$175M
May 2022 · Brookfield Growth / Brookfield Asset Management
May 2021 · General Catalyst
Apr 2020 · Bain Capital Ventures
Mar 2019
Leadership
Adam I. Sandow
Founder, Chairman and CEO
Chief Logistics Officer
Chief Material Scientist
Chief Business Officer
Executive Vice President, Special Projects; EVP, Brand Central
EVP and Head, Community
EVP, Sustainability
Robert Thiemann
EVP, Content Strategy
The company describes itself as remote-friendly with a global presence. Its stated leadership principles emphasize growth, care, ideation, speed, ownership, urgency, trust, knowledge sharing, and customer focus. Public job postings indicate a distributed engineering and commercial workforce alongside physical logistics operations.
Work style
Flexible
Compensation
Public careers pages describe benefits but do not provide a consistent company-wide salary framework. Some third-party and job-posting sources provide role-specific compensation, but no reliable broad compensation range was established from primary sources.
Benefits
Pricing
Free for approved design professionals to search and order samples. Material brands pay for participation, marketplace access, marketing, lead generation, fulfillment, and related services; public standard pricing was not found.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $50M-$100M annually; third-party estimates include $55M estimated 2024 ARR and approximately $68.6M-$76.5M annual revenue. These are estimates, not company-reported financials.
Estimated monthly visits
280.1K
Traffic estimate as of Jun 2026
The South Florida Business Journal reported that Material Bank planned to lay off 77 jobs in Boca Raton. This is a material workforce-reduction signal; the article did not establish that the company was shutting down.
SourceMaterial Bank acquired Clippings, a UK-based interior-design procurement platform, according to contemporary reporting.
SourceMaterial Bank acquired Amber Engine, a product-information-management software company, to expand product-data services for brand partners.
SourceMaterial Bank acquired Architizer, an architecture-media and project-database platform. Architizer was expected to continue operating as a subsidiary led by David Weber.
SourceMaterial Bank / GlobeNewswire · Feb 2026
Material Bank announced the appointment of design-media executive Robert Thiemann as EVP, Content Strategy, reflecting continued investment in content, editorial authority, and global design-industry reach.
Business of Home · Jan 2026
Adam Sandow described global expansion across the broader Sandow portfolio and said Material Bank operated in 37 countries. The article also reported that Sandow had returned to the CEO role at Material Bank after Sebastian Gunningham's tenure.
South Florida Business Journal · Jul 2025
The company reportedly planned a 77-position reduction in Boca Raton, a significant workforce and operating-risk signal.
Business of Home · May 2024
The interview covered Sebastian Gunningham's appointment as CEO in late 2023, Adam Sandow's move toward chairman responsibilities at that time, and the company's plans for European, Japanese, fulfillment, and category expansion.
Material Bank / GlobeNewswire · May 2022
Material Bank announced a $175M Series D led by Brookfield Growth, with participation from Fifth Wall, SoftBank Vision Fund 2, RXR, and existing investors. The company said the raise brought total funding to more than $325M.
15 jobs at Material Bank