Material Bank’s $175 Million Series D Funding

WilmerHale advised General Catalyst, while Latham & Watkins represented Brookfield, the lead investor, in the financing round. Fenwick advised Material Bank.

Material Bank, a digital marketplace for architectural and construction materials, announced that it has secured $175M in Series D funding.

General Catalyst, a venture capital firm specializing in early-stage and growth equity investments, was among the existing investors to contribute to the bank’s latest round of funding. 

Brookfield is a leading global alternative asset manager with approximately $700 billion of assets under management across real estate, infrastructure, renewable power and transition, private equity, and credit. 

The WilmerHale team was led by Jason Kropp (Picture).

The Latham & Watkins team was led by Bay Area partners Ben Potter and Mike Podolny, with associate Eric Znotins. Advice was also provided on tax matters by Bay Area partner Kirt Switzer.

The Fenwick transaction team was led by corporate partner Dawn Belt and associates Feihong Xu, Summer Yin and Kristina Hurley. 

Involved fees earner: Dawn Belt – Fenwick & West LLP; Kristina Hurley – Fenwick & West LLP; Feihong Xu – Fenwick & West LLP; Summer Yin – Fenwick & West LLP; Michael Podolny – Latham & Watkins; Benjamin Potter – Latham & Watkins; Kirt Switzer – Latham & Watkins; Eric Znotins – Latham & Watkins; Jason Kropp – Wilmer Cutler Pickering Hale and Dorr;

Law Firms: Fenwick & West LLP; Latham & Watkins; Wilmer Cutler Pickering Hale and Dorr;

Clients: Brookfield; General Catalyst Partners; Material Bank;

Martina Bellini

Author: Martina Bellini