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Adaptive Real Estate
Financial management software for construction
- 1-20 employees
- Fintech
- B2B
- Enterprise
- Construction
- SaaS
- Accounting
- Civic Center, New York, NY
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Company mission
Save construction teams time and money.
Our take
The construction industry, accounting for 13% of global GDP, is a performance of many moving parts. Each project has its own nuances, one of which is managing incoming and outgoing payments for a complex set of supply chain participants, clients and employees.
Adaptive aims to make all of this much easier with technology. Instead of invoices arriving by mail or email being processed via an “offline ad hoc process”, managers simply take a picture of an invoice and send it to the software, which then uses optical character recognition to read it.
In the not too distant future, Adaptive hopes it will be the one stop shop for all financial workflows and products in the industry — from bidding out suppliers to purchasing insurance to banking and working capital.
It will be interesting to see whether it can wriggle its way into the workflows of construction financial teams at scale. However, early efforts from the founding team, including running its own white-glove accounting service prior to starting the company suggests the startup has a crystal clear idea of what its customer needs.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Attractive cash and equity compensation with top tier benefits and a 401k match
- Direct impact on one of the world's largest and most consequential industries. You'll power the businesses that are building the world's housing, communities, and critical infrastructure
- Opportunity to join a highly driven and passionate team in the early days with an enormous opportunity in front of us
Funding (last 2 of 3 rounds)
Jul 2024
$19m
SERIES A
Jul 2022
$6.5m
SEED
Total funding: $26.3m
This company has top investors
Leadership
Matt Calvano
(CEO & Co-Founder)MBA from Stanford. Previously Private Equity Associate at KSL Capital Partners. Before that, an investment banking Analyst at Morgan Stanley.
Henry Bradlow
(CTO & Co-Founder)MBA from Stanford. Previously Product Manager at Lime. Also worked at SpaceX and as Co-founder and CTO of their own robotics company.
Francisco Enriquez
(Co-Founder)MBA from Stanford. Co-founded and was Managing Director of their own construction consulting outfit, Glasshouse Policy.