Mater adds capital investment from North-East Ventures
The deal, which has financial details undisclosed, was made for a significant stake in the company. Funding will be used to accelerate Mater’s international expansion with a strong focus on key markets, The Nordics, UK, Germany and the US.
Mater, founded in 2006 by CEO Henrik Marstrand, is a designer and provider of furniture and lighting products, including bar stools, daybeds, dining chairs, table lamps and floor lamps. The company recently opened a showroom concept, Mater Earth Gallery, in Copenhagen and will open Mater Earth Galleries in London, Munich, Hamburg, Stockholm and Oslo to showcase Mater’s portfolio and present the working methods and ethical business strategy behind the products.
Among Mater’s clients is the Danish high end bakery chain, Lagkagehuset, and most recently also include Starbucks' new high-end concept.