Material Exchange

About Material Exchange

We’re here to innovate, advance, and improve material sourcing. And the team behind our name is stellar beyond measure. We’re proud of all we’ve accomplished over these last few years – and we’re only just getting started.

Our mission

What we're about

Material Exchange is transforming the way the fashion industry sources materials by building the best fashion sourcing team in the industry who, utilizing our software, helps brands make smarter, more sustainable choices in a fraction of the time. 

about material exchange
the material exchange story
Our story

A new approach to sourcing

It all started in 2018 when a group of industry professionals reimagined the process of sourcing materials for footwear and apparel. From this idea came a sourcing platform in which brands and suppliers could connect. Fast forward a couple of years through some evolution stages and we come to our Digital Sourcing Platform (DSP). This DSP is making material sourcing more efficient than ever before – — and it’s impacting the entire industry. 

Our team

We’re a global team of 80+ digitization experts focused on footwear and apparel with backgrounds in sustainability, material sourcing, and more. Our team is growing and is currently spread across seven countries: Sweden, USA, Serbia, Armenia, India, China, and the UK, plus additional remote locations.

2000
founded
10 +
coworkers
1
countries
Darren Glenister
Darren Glenister

Chief Executive Officer

ben felton

Chief Strategy Officer

Dora Lality

Chief Legal Officer / Chief Operating Officer

Jessica Sundstrom

Chief Revenue Officer / Chief Marketing Officer

Andrew Olah

Chief of Textiles

Hugh Wolley

Chief Financial Officer

Maria Blanco

Senior Vice President of People

Ankit Mishra

Senior Vice President of Product

Dejan Zvekic

Trade & Digital Operations

Taron Sargsyan

Sample Business Operations

A global presence

Where to find us

Head office:

Material Exchange Ventures AB
Östermalmsgatan 87d, Floor 6
114 59 Stockholm, Sweden

Additional office locations:

Material Exchange's offices

Investors who make a difference

In late 2020, we completed an investment round of €6 million led by Norrsken VC to help us grow and achieve our long-term goals. In Q1 2022, we closed a €25 million round of funding led by world-class investor Molten Ventures along with the continued support of previous seed investors including Partech, Norrsken, Inventure, Day One Capital, and Lyra.