Investment Summary

Lead Edge Capital Invests In Material Bank

On May 6, 2021, growth capital firm Lead Edge Capital invested in internet software and services company Material Bank

Investment Highlights
  • This is Lead Edge Capital’s 18th transaction in the Internet Software and Services sector.
  • This is Lead Edge Capital’s 29th transaction in the United States.
  • This is Lead Edge Capital’s 3rd transaction in Florida.

Investment Summary

Date 2021-05-06
Target Material Bank
Sector Internet Software and Services
Investor(s) Lead Edge Capital
Deal Type Venture

Target

Material Bank

Boca Raton, Florida, United States
Material Bank is a provider of the marketplace for searching, sampling, and specifying an architecture, design, and construction materials. The revolutionary platform powers complex searches across hundreds of brands in seconds. Material Bank was founded in 2018 and is based in Boca Raton, Florida.

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Investor(S) 1

Investor

Lead Edge Capital

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2009
PE ASSETS 5.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lead Edge Capital is a growth capital firm focused on software, internet, consumer, and tech-enabled services companies. The Firm has no geographic preferences and will consider both private and public company investments. Leading Edge's investment size is $25 to $300 million. Lead Edge Capital was established in 2009 and is headquartered in New York, New York.


DEAL STATS #
Overall 34 of 54
Sector: Internet Software and Services M&A 18 of 27
Type: Venture M&A Deals 19 of 27
State: Florida M&A 3 of 4
Country: United States M&A 29 of 44
Year: 2021 M&A 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 SafeSend

Ann Arbor, Michigan, United States

SafeSend is a cloud-native provider of technology for tax and accounting professionals. The company automates the 'last-mile' of the tax return, including assembly, review, taxpayer e-signature, and delivery. Its software solves key pain points for customers and their clients by eliminating time-consuming manual tasks. SafeSend is based in Ann Arbor, Michigan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Essential Accessibility

Toronto, Ontario, Canada

Essential Accessibility is an accessibility-as-a-Service platform that makes digital assets conform with WCAG and compliant with ADA, AODA, Section 508, and other anti-discrimination laws. Its comprehensive solution provides everything you need to create and maintain fully accessible web, mobile, and product experiences to ensure customers of all abilities have equal access. Essential Accessibility is based in Toronto Ontario.

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