Last deal

$12.5M

Amount

Series A

Stage

21.03.2000

Date

2

all rounds

$14.7M

Total amount

date founded

Financing round

General

About Company
The company develops e-sourcing software solutions that streamline procurement processes and reduce costs.

Industry

Sector :

Subsector :

Keywords :

founded date

01.02.1999

founders

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

Their software provides intuitive tools for procurement professionals, optimizing the way buyers qualify, negotiate, evaluate, and manage their supply chain. By generating material cost savings of 5 to 30 percent, the software delivers immediate and significant ROI. Additionally, the company operates a business-to-business online marketplace for the buying and selling of industrial metals, offering unique value propositions and a scalable reverse-auction business model. This enables businesses to easily access raw materials and operate more productively. Founded by Rob Heller, MaterialNet is a buyer-centric internet marketplace for raw materials.
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M&A Details
1

Acquired by

Perfect Commerce

announced date

08.07.2002

Financials

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Number of Funding Rounds

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Money Raised

Their latest funding was raised on 21.03.2000. Their latest investor Hudson River Capital Partners. Their latest round Series A

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People

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1
Rob Heller
Rob Heller

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Rob Heller Founder & CEO Rob is a seasoned internet professional with over 20 years of experience in technology, finance, marketing and operations. Rob is the founder & CEO of DealYard.com, a leading internet retailer of brand name products at discounted prices. DealYard has been ranked as one of the fastest growing e-retailers by Internet Retailer and ranked as one of the fastest growing private companies in America by INC5000. He is responsible for the overall strategic direction of the company, as well as its operational, technical and financial activities. Previously Mr. Heller was a Founder, Director and CFO of MaterialNet.com, the first reverse-auction, buyer-centric business-to-business e-marketplace for raw materials. MaterialNet, which Forbes had called one of the "best-of-the-best B2Bs”, was sold to Perfect Commerce in 2002. Prior to MaterialNet.com, Mr. Heller served as Portfolio Manager at Concord International Investments, where he co-managed a $500 million portfolio and as senior accountant at Merrill Lynch. Mr. Heller received a B.S. from the University of Arizona and an M.B.A. in Finance, Economics and International Business from New York University's Stern School of Business, where he graduated with honors.

current job

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DealYard.com

organization founded

2

Rob Heller

Activity

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