Materials Market operates a digital marketplace that connects buyers directly with a network of over 750 supplier branches, serving customers from DIY enthusiasts to large-scale contractors. The platform aims to modernise the fragmented £40B UK building materials industry by reducing opaque pricing and procurement inefficiencies. The company plans to use the £2M funding to enhance its proprietary technology, expand the team, and explore new ways to connect customers and suppliers more efficiently. The UK construction sector faces headwinds including input price inflation and a building materials trade deficit of over £14B in 2023, underscoring the need for supply-chain innovation. Materials Market's offering also addresses operational challenges in the industry such as high staff turnover, long training cycles, and limited multilingual capabilities. Leadership and investors highlight the startup's potential to drive digital transformation in a still largely analogue sector. Materials Market is a London-headquartered online marketplace that connects buyers and sellers of building materials. The company launched its online marketplace in November 2020 and was founded by Samuel Hunt and Andrew Haehn. Its platform cuts out middlemen, provides supply-chain transparency, and connects users to a large network of suppliers for fast deliveries. The site serves both commercial and DIY customers with products such as insulation, timber, blocks, and plasterboard. Customers can save on average 20% versus brick-and-mortar stores due to the platform’s structure. Materials Market plans to continue scaling its digital solution and roll out new initiatives over the next 12 months and beyond.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

May 2025