MaterialNet.com Overview

  • Year Founded
  • 1999

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

MaterialNet.com General Information

Description

Operator of a business-to-business online marketplace created for the buying and selling of all industrial metals. The company's business-to-business online marketplace offers buyers and suppliers unique value propositions in the raw-materials marketplace, its reverse-auction business model is easily scaleable to other raw materials, enabling businesses to get raw material readily available all the time.

Contact Information

Website
www.materialnet.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 5 Dakota Dr, Lake Success
  • New York, NY 11042
  • United States
Primary Industry
Social/Platform Software
Other Industries
Other Commercial Products
Internet Retail
Acquirer
Perfect Commerce
Vertical(s)
E-Commerce, TMT
Corporate Office
  • 5 Dakota Dr, Lake Success
  • New York, NY 11042
  • United States

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MaterialNet.com Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Merger/Acquisition 08-Jul-2002 Completed Generating Revenue
2. Early Stage VC 21-Mar-2000 Completed Generating Revenue
1. Seed Round 06-Oct-1999 $2.2M $2.2M Completed Startup
To view MaterialNet.com’s complete valuation and funding history, request access »

MaterialNet.com Patents

  • 1

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

MaterialNet.com Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20020007324-A1 System and method for effectively conducting transactions between buyers and suppliers Inactive 09-Jun-2000

MaterialNet.com Former Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds
D.R. Grimes Angel (individual) Minority
David Moore Angel (individual) Minority
Hicks Muse Tate & Furst PE/Buyout Minority
MSC Industrial Supply Corporation Minority
Nine Thirty Capital Management PE/Buyout Minority
You’re viewing 5 of 6 investors. Get the full list »

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MaterialNet.com FAQs

  • When was MaterialNet.com founded?

    MaterialNet.com was founded in 1999.

  • Where is MaterialNet.com headquartered?

    MaterialNet.com is headquartered in New York, NY.

  • What industry is MaterialNet.com in?

    MaterialNet.com’s primary industry is Social/Platform Software.

  • Is MaterialNet.com a private or public company?

    MaterialNet.com is a Private company.

  • What is MaterialNet.com’s current revenue?

    The current revenue for MaterialNet.com is .

  • How much funding has MaterialNet.com raised over time?

    MaterialNet.com has raised $14.7M.

  • Who are MaterialNet.com’s investors?

    D.R. Grimes, David Moore, Hicks Muse Tate & Furst, MSC Industrial Supply, and Nine Thirty Capital Management are 5 of 6 investors who have invested in MaterialNet.com.

  • When was MaterialNet.com acquired?

    MaterialNet.com was acquired on 08-Jul-2002.

  • Who acquired MaterialNet.com?

    MaterialNet.com was acquired by Perfect Commerce.

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