As finalized late yesterday, Materials Financial institution, a buzzy market for architectural, design, and development supplies headquartered in Boca Raton, Florida, acquired the 13-year-old Architizer in a maneuver that goals to fuse the latter firm’s “best-in-class design sources” with Materials Financial institution’s “highly effective specification instruments.” As famous in a press launch, the newly shaped union will allow the AEC business to “work extra successfully and effectively by simplifying design choices.”
A financial determine connected to the acquisition has not been disclosed.
Architizer will function independently from its new dad or mum firm as a subsidiary of Materials Financial institution and proceed to be led by present CEO David Weber. Initially extra editorial in scope earlier than shifting focus to its mission and constructing product databases and illustrious A+ Awards, Architizer was based by digital media entrepreneur Alex Diehl, architects Matthias Hollwich and Marc Kushner, and Ben Prosky, who at the moment serves as the chief director of AIA New York and the Middle for Structure. Architizer additionally shares a number of alumni with The Architect’s Newspaper.
As detailed within the acquisition announcement, the Architizer group is at the moment greater than 900,000 customers robust, together with 335,000 architects and 25,000 corporations. The corporate’s sturdy mission database consists of greater than 3 million architectural photographs from 86,000 international initiatives; the platform additionally options constructing merchandise from 31,000 producers.
A Florida native, Sandow’s media portfolio, below the umbrella of SANDOW Design Group, consists of Inside Design, Metropolis, and Luxe Interiors + Design; different SANDOW Design Group manufacturers and ventures embrace ThinkLab, LAUNCH, and The Company by SANDOW. In 2020, SANDOW Design Group took over because the operational power behind NYCxDesign, an annual celebration beforehand run by the New York Metropolis Financial Improvement Company.
“With an extremely highly effective database that gives seamless, curated entry to constructing product data, Architizer permits for creativity and significant connections,” mentioned Sandow, who serves as chief govt of Materials Financial institution. “Architizer has constructed a unprecedented enterprise with a workforce dedicated to innovation within the structure group—this acquisition will profit each our customers and Model Companions, and collectively we are going to construct an much more complete platform for the business.”
“It’s a profitable proposition to carry collectively Materials Financial institution’s unparalleled database of design merchandise with Architizer’s sturdy database of architectural initiatives,” added Weber. “We’re excited to mix our knowledge and sources to construct higher instruments that serve the worldwide group of architects and designers.”
Bolstered by a number of spectacular fundraising rounds, Materials Financial institution has acquired two different corporations previous to Architizer. In August 2021, the startup acquired Clippings, an all-in-one product procurement platform for the inside design business headquartered in London; this previous March, it took possession of Amber Engine, a Detroit-based product knowledge know-how firm.