Adaptive, a financial management software company specializing in solutions for small and medium-sized construction businesses, has raised $19 million in a Series A funding round. The investment was led by Emergence Capital, with participation from notable firms including Andreessen Horowitz, Definition, Exponent, 3kvc, Box Group, and angel investor Gokul Rajaram. This latest round brings Adaptive's total capital raised to $26.4 million.
Founded in 2023, Adaptive aims to revolutionize financial management in the construction industry by leveraging artificial intelligence, automation, and user-friendly design. The platform offers comprehensive financial tools tailored specifically for construction companies, including budgeting, cash flow analytics, expense tracking, accounts payable and
Construction Tech Startup Adaptive Secures $19 Million in Series A Funding
- By Abhijeet Adhikari
- Published on
Since its launch in February 2023, Adaptive has experienced rapid growth, with over 280 construction companies now managing more than $1.4 billion of project volume on the platform.
