Today, Material Exchange is announcing it has raised €25 million in Series A funding. Material Exchange is a B2B SaaS-enabled marketplace for the apparel and footwear industry which is digitizing the material sourcing process and replacing the complex, fragmented relationships that exist between brands and suppliers—with the goal of driving sustainability and efficiency across the $2tn fashion supply chain.
Sweden, Oct 21, 2021. Material Exchange is launching its digital Marketplace as a next-gen sourcing platform for the footwear and apparel industry, which represents trillions of dollars annually. The platform replaces fragmented analogue sourcing processes with streamlined data for transparency, increased efficiency for reduced cost, and less waste for sustainability.
Sweden, Oct 14, 2021. Today Material Exchange is announcing it has reached an agreement to acquire the agency division of Olah Inc., a multi-faceted New York-based firm focusing on the denim and sportswear industries, to support digital transformation in the material sourcing process. This decision expands their innovative digital platform beyond global digital sourcing into expert services.
Sweden, June 22, 2021. Material Exchange Ventures AB – a Stockholm based startup that is digitally revolutionizing material sourcing for footwear and apparel – has released their inaugural Annual Digital Sourcing Report to provide key data on the fundamental shifts occurring in material sourcing within footwear and apparel supply chains, and provide insights on what the future looks like for the sourcing industry in a new, digital age.