London-based Stylib, an architectural professional solution, announced on Friday that it has raised £1.5M (approximately €1.7M) in pre-seed funding led by Foundamental, a prominent global early-stage construction tech investor.
Nemetschek Group and Redstone Built World Strategy also participated in the round.
The company says the new funds will propel its product development and support its operations in the UK, catering to over 10,000 potential B2B customers in the region.
“We’re delighted to have the support of such an experienced group of investors who will help us to reshape our own industry,” says Noam Naveh, co-founder and CEO at Stylib.
Founded in 2021 by Naveh and Sylib’s current CTO Fabio Galicia during their Master’s degree studies at UCL in Design Computation, Stylib aims to introduce efficiency and transparency to the largely undigitised architectural products market. Their sector-specific expertise and technological knowledge drive their mission to transform the industry.
“This is an exciting opportunity for a digitally-native product and we believe Noam and Fabio have the drive and the team to do so,” says Patric Hellermann, General Partner at Foundamental.
‘Vertical Shopify’
As a transformative startup, Stylib is on a mission to improve the architectural product discovery process using cutting-edge AI technology.
More than 95% of architectural product searches start online, yet the industry still relies heavily on traditional offline methods like showrooms and catalogues to reach potential buyers.
Recognising the need for a more efficient and streamlined approach, Stylib is building a vertical solutions platform for the expansive architectural materials market.
Their “vertical Shopify” approach involves creating digital tools and infrastructure solutions that empower sellers and their designer customers, transforming how they search, curate, and manage architectural products.
“The Stylib team is leveraging AI and machine learning to solve the material search problem and make it highly scalable in a way we’ve never seen before,” says Tanja Kufner, Head of Ventures at Nemetschek Group.
Niklas Grunewald, managing partner at Redstone Build World Strategy, sees an enormous market opportunity for Stylib, addressing a long-standing problem in the materials space by streamlining processes for the ecosystem.
“This is not about replacing trade shows, but about streamlining the everyday processes in between. With the massive volumes that are being transacted in the materials space, we believe that the team has uncovered an enormous market opportunity and the right experience to execute,” says Grunewald.
