Materials Market Raises £2 Million to Disrupt UK's Building Materials Industry

Materials Market, an innovative online marketplace for heavy side building materials, raised £2 million in a funding round led by Fuel Ventures, with new investment from Active Partners and experienced angel investors. The UK building materials market, valued at £40 billion, remains fragmented and inefficient, offering Materials Market, founded by Samuel Hunt and Andrew Haehn, the opportunity to digitally disrupt the sector. The platform harnesses proprietary technology to connect buyers with a network of over 750 suppliers, improving pricing transparency and service efficiency. The investment will be used to recruit talent and expand their operations, targeting improved market penetration. James Mackenzie, with extensive experience in the sector, and Thomas Studd, known for his knowledge of two-sided marketplaces, have joined the board. The funding signifies a pivotal step for Materials Market as they aim to leverage digital solutions to transform the industry plagued by analogue systems.