Matium, a technology company building a transaction platform for the industrial materials market, has raised $8 million in new funding to expand its efforts to digitize the way plastics and other materials are bought, sold, financed, and transported. The company is developing market infrastructure designed to replace fragmented processes based on phone calls, spreadsheets, and manual workflows with a digital platform that connects suppliers, buyers, logistics providers, and financial services.

The financing was backed by Crucible Capital and Westerly Winds, with the company also securing a trade finance facility from Erebor Bank to support transactions on its platform. Matium said the combined financing will help accelerate growth as it expands its marketplace and provides additional financial flexibility for participants in the plastics supply chain.

Founded to modernize the materials trading industry, Matium is focused on creating a digital operating layer for markets that have traditionally depended on personal relationships, manual negotiations, and disconnected systems. The company provides tools that combine customer relationship management, enterprise resource planning, marketplace functions, freight coordination, and transaction processing into a single platform.

Matium’s platform is designed specifically for participants in the plastics industry, including producers, manufacturers, recyclers, and traders. The company says its technology helps users manage supply and demand, identify trading opportunities, coordinate logistics, and complete transactions more efficiently. Matium has digitized more than 2 billion pounds of supply and demand through its platform and is used by roughly 10% of the U.S. plastics industry, according to the company.

The newly raised capital comes as the plastics market faces increasing complexity from supply chain disruptions, pricing volatility, and changing industrial requirements. Matium’s founders believe that the lack of digital infrastructure in materials markets creates inefficiencies that can be addressed through technology, data, and financial tools.

The company’s artificial intelligence-powered matching engine connects buyers and sellers based on factors such as cost, specifications, and location. Matium also offers auction functionality designed to help companies discover prices for spot materials while improving transparency in markets where pricing information has historically been difficult to access.

The investment from Crucible Capital reflects the firm’s focus on companies developing infrastructure for critical markets. Crucible Capital said Matium is building a market operating system for how plastics are priced, traded, and financed, with potential applications across broader industrial materials categories.

Westerly Winds also participated in the financing, supporting Matium’s expansion as the company works to build technology infrastructure for industrial supply chains. Westerly Winds invests in emerging companies and focuses on helping businesses develop scalable operations.

The involvement of Erebor Bank through a trade finance facility provides Matium’s customers with additional financial support. The facility is intended to help suppliers receive payments faster while allowing qualified buyers to access more flexible payment terms. Matium said the financing structure helps address a key challenge in industrial markets, where payment cycles can slow transactions and restrict supply movement.

Matium was founded by a plastics trader alongside engineers and operators with backgrounds at companies including Amazon, Disney, and the U.S. Navy. The founding team combined industry experience with software expertise to create technology aimed at improving efficiency in a sector that has historically relied heavily on offline processes.

The company’s broader vision extends beyond plastics. Matium plans to expand into additional industrial categories, including chemicals, pulp and paper, industrial packaging, and metals. By creating digital infrastructure for materials transactions, the company aims to provide businesses with better access to pricing information, financing options, and supply chain visibility.

The funding arrives as industrial companies increasingly look for technology solutions that improve supply chain resilience and operational efficiency. While digital platforms have transformed sectors such as retail and financial services, many physical commodity markets continue to rely on traditional processes. Matium is targeting this gap by combining marketplace technology, data systems, and financial services into one platform.

With its $8 million investment and trade finance support from Crucible Capital, Westerly Winds, and Erebor Bank, Matium plans to deepen its presence in the U.S. plastics market while expanding its technology platform. The company aims to become a foundational transaction layer for materials markets by making industrial supply chains easier to manage, finance, and scale.

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