Design

Material Bank raises $100 million, with plans to target residential design

Material Bank raises $100 million, with plans to target residential design

Material Bank announced that the company had secured $100 million in series C funding, in a round co-led by General Catalyst and Durable Capital Partners LP. The Sandow-owned sampling service said in a statement that the capital will be used to “fuel continued momentum, scale teams and infrastructure, expand into new verticals, make strategic acquisitions and seed long-term growth initiatives.”

WATCH: How the Cubicle Became Universally Hated

WATCH: How the Cubicle Became Universally Hated

The home office has become a sanctuary for productivity as many people continue to work from the place where they live, but with COVID vaccinations ramping up and industries eyeing a return to normalcy, our once standard view of offices could revert back to a phase that peaked in the 1980s and 90s.