London-based Stylib, an architectural professional solution, announced on Friday that it has raised £1.5M 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.
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.
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 catalogs to reach potential buyers.
Recognizing 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.
Read more on Tech Gist Africa: