About Adaptive
Adaptive is a company based in New York (United States) founded in 2021 by Francisco Enriquez, Henry Bradlow, and Matt Calvano. It operates as a SaaS (Software-as-a-Service). Adaptive has raised $26.25 million across 3 funding rounds from investors including Exponent, Andreessen Horowitz and Third Kind Venture Capital. Adaptive offers products and services including Adaptive Platform, Automated AP and Job Costing, and Real-Time Budgets & Draws. Adaptive operates in a competitive market with competitors including Smartbeam, Varicon, Mela Works, Bauwise and Compa, among others.
- Headquarter New York, United States
- Founders Francisco Enriquez, Henry Bradlow, Matt Calvano
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Adaptive Build, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.25 M (USD)
in 3 rounds
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Latest Funding Round
$19 M (USD), Series A
Jul 16, 2024
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Investors
Exponent
& 8 more
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Employee Count
Employee Count
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Products & Services of Adaptive
Adaptive offers a comprehensive portfolio of products and services, including Adaptive Platform, Automated AP and Job Costing, and Real-Time Budgets & Draws. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Financial management platform is built for construction professionals.
Bills are processed automatically for construction job costing.
Budgets and draws are tracked in real time.
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Funding Insights of Adaptive
Adaptive has successfully raised a total of $26.25M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $19.0M
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First Round
First Round
(01 Aug 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - Adaptive | Valuation | Emergence Capital | |
| Jul, 2022 | Amount | Seed - Adaptive | Valuation | a16z | |
| Aug, 2021 | Amount | Seed - Adaptive | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Adaptive
Adaptive has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Exponent, Andreessen Horowitz and Third Kind Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Early-stage investments in finance and financial services are targeted.
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Founded Year | Domain | Location | |
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Investing in early-stage tech companies and ideas.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Adaptive
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Adaptive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Adaptive Comparisons
Competitors of Adaptive
Adaptive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Smartbeam, Varicon, Mela Works, Bauwise and Compa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cost and budget management is facilitated for construction projects.
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| domain | founded_year | HQ Location |
Cost management software is delivered via SaaS for construction professionals.
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| domain | founded_year | HQ Location |
Field workforce collaboration is enabled via a mobile platform.
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| domain | founded_year | HQ Location |
Software for tracking construction budgets, costs, invoices, and subcontractor management.
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| domain | founded_year | HQ Location |
Merchant processing solutions are provided for payment acceptance and management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Adaptive
Frequently Asked Questions about Adaptive
When was Adaptive founded?
Adaptive was founded in 2021.
Where is Adaptive located?
Adaptive is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Adaptive?
Matt Calvano is the current CEO of Adaptive. They have also founded this company.
Is Adaptive a funded company?
Adaptive is a funded company, having raised a total of $26.25M across 3 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on Aug 01, 2021.
What does Adaptive do?
Adaptive is established as a leading AI-powered financial management platform tailored for construction professionals, including builders, remodelers, and developers. Operations are unified between field and accounting through automated accounts payable, real-time budgets, draws, and compliance management. Integration with QuickBooks is provided for seamless financial operations. The platform serves over 500 clients, focusing on preventing cash leakage, protecting margins, and saving time. Solutions are designed to improve profit margins by 3-10, save over 10 hours weekly, and reduce accounting costs significantly.
Who are the top competitors of Adaptive?
What products or services does Adaptive offer?
Adaptive offers Adaptive Platform, Automated AP and Job Costing, and Real-Time Budgets & Draws.
Who are Adaptive's investors?
Adaptive has 9 investors. Key investors include Exponent, Andreessen Horowitz, Third Kind Venture Capital, BoxGroup, and Definition Capital.
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