Clippings.com
Online destination for sourcing furniture and lighting from premium design brands.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
$15.4m | Series B | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 50 % | - | (10 %) | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Clippings.com, founded in 2011 by Adel Zakout, Tom Mallory, and Lachezar Tsachev, began as an online marketplace for home improvement products. The founders, including architecture students Zakout and Mallory, initially created a platform for users to build design briefs by clipping images and connecting with professionals. This evolved into a marketplace for furniture and lighting, aimed at digitally transforming the specification and procurement process for design professionals. Based in London, the company expanded its operations with an R&D office in Sofia, Bulgaria.
In August 2021, Clippings was acquired by Material Bank, the world's largest marketplace for architecture and design materials, for an undisclosed sum. The acquisition was a strategic move for Material Bank to expand its footprint into the European market, leveraging Clippings' established presence, with 70% of its revenue coming from the UK. Following the acquisition, Clippings continues to operate as a distinct platform, with plans to invest further in its technology and grow its Sofia-based team. The deal enables Material Bank to offer a more comprehensive suite of tools, combining its material sampling service with Clippings' procurement and project management software.
The business model centers on streamlining the complex process of product discovery, specification, and procurement for architects, interior designers, and property developers. The platform connects these commercial buyers with over 650 brand partners, offering a vast catalog of products. It functions as a B2B marketplace, simplifying project management by consolidating quote requests, orders, and logistics. Additionally, Clippings licenses its proprietary technology to major brands like MillerKnoll, allowing them to create their own e-commerce platforms for business customers. Material Bank, the parent company, generates revenue by charging manufacturers fees to list their products and for sample fulfillment, while the service remains free for design professionals.
Keywords: interior design procurement, furniture marketplace, lighting procurement, design specification, B2B marketplace, architectural materials, project management software, design technology, Material Bank Europe, Adel Zakout, Tom Mallory, commercial interiors, FF&E procurement, online retail platform, home improvement, design sourcing, MillerKnoll, Herman Miller Professional, A&D industry, construction materials