Matium operates a B2B marketplace connecting industrial companies for buying and selling bulk materials and machinery. The platform leverages AI for lead generation, opportunity matchmaking, and dynamic auctions to improve price discovery for users. It offers integrated tools for procurement workflows, including freight quoting and financing options, to streamline industrial supply chain transactions.
Funding
$2.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Manufacturers, processors, and distributors in the plastics and fibers industries face challenges in efficiently managing materials and executing transactions. Traditional methods often lack transparency in pricing and specifications, hindering operational efficiency and informed decision-making.
Solution
Matium offers a supply chain network and material exchange platform designed to streamline material management and transactions for the plastics and fibers industries. The platform combines CRM, ERP, and TMS functionalities, providing a centralized solution for managing materials, connecting with other verified companies, and optimizing deals. Matium facilitates efficient communication, enables users to post material offers and requests, and provides tools for negotiating deals directly on the platform. The platform also offers features such as automated paperwork generation, smart insights based on material data, and carbon emission estimates for shipments.
Target Audience
The primary target audience includes North American manufacturers, recyclers, traders, distributors, compounders, waste removal services, warehousing services, logistics providers, and service providers in the plastics and fibers industries.
Features
- Customer Relationship Management (CRM)
- Enterprise Resource Planning (ERP)
- Transportation Management System (TMS)
- Material marketplace with verified companies
- Tools for posting material offers/requests and negotiating deals
- Automated generation of POs, shipments, invoices, BOLs, and packing lists
- Proprietary algorithm optimizes deals for material specs, pricing, and distance
- Integration with Quickbooks
- Real-time auction functionality