Materials Market Secures £2M in Funding
Materials Market, an online marketplace based in London, UK, specializing in heavy side building materials, has recently raised £2 million in funding to support its expansion plans.
The funding round was led by Fuel Ventures, with additional contributions from Active Partners and various angel investors.
The company’s primary goal with this investment is to enhance its operational capabilities and further develop its technology platform.
Established in October 2020 by co-founders Samuel Hunt and Andrew Haehn, Materials Market utilizes innovative technology to connect with a vast network of suppliers, enabling it to offer competitive prices and ensure swift delivery times for its customers.
As part of its growth strategy, Materials Market has welcomed two new directors to its board:
- James Mackenzie, who brings a wealth of experience from his previous role as Managing Director of Travis Perkins & Toolstation, specializing in the digital building materials sector, and
- Thomas Studd, a former partner at Vitruvian with a background in managing two-sided marketplaces like AnyVan, Carwow, and Lalamove.
Materials Market’s commitment to innovation and customer satisfaction has positioned it as a key player in the building materials marketplace.
Published by FinSMEs on 02/05/2025
