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§ Private Profile · 222 Broadway Suite 2401, NY, USA
AI-powered software company providing automated financial management for construction and real estate.
Adaptive Real Estate has raised $33.0M across 3 funding rounds.
Key people at Adaptive Real Estate.
Adaptive Real Estate was founded in 2021 by Audrey MacLean (Co-Founder).
Adaptive Real Estate has raised $33.0M in total across 3 funding rounds.
Adaptive Real Estate is a New York-based technology company that develops artificial intelligence software to automate financial management, bookkeeping, and accounting for the commercial and residential construction industry. The business operates a subscription-based software-as-a-service model currently serving a user base of over 300 customers, including general contractors, real estate developers, and homebuilders across the United States. Its core platform eliminates manual data entry by automatically processing project bills, material receipts, and labor costs while integrating directly with established accounting systems like QuickBooks. To scale its operations, the enterprise has successfully raised $26 million in total venture capital funding, which includes a $7.25 million seed round led by Andreessen Horowitz and a subsequent $19 million Series A round led by Emergence Capital. Adaptive Real Estate was founded in 2021 by Matt Calvano, Francisco Enriquez, and Henry Bradlow.
Adaptive Real Estate is a New York-based proptech startup founded in 2021 that builds an AI-powered financial management platform for the construction industry.[2][3][4] Its all-in-one app automates budgets, job costing, accounts payable/receivable, draws, receipt capture, vendor compliance, and payments, serving small to medium-sized construction firms like custom homebuilders, commercial general contractors, real estate developers, and specialty trades.[4][5] The platform solves chronic back-office bottlenecks—such as manual processes causing payment delays, cash flow issues, error-prone tracking, and lost reimbursements—delivering real-time financial clarity, improved profitability, and faster project efficiency; since its February 2023 launch, over 280 companies have managed $1.4 billion in project volume on it.[4][5]
Adaptive has shown strong growth momentum, raising $25.5 million total across funding rounds, including a $19 million Series A in 2024 led by Emergence with participation from Andreessen Horowitz and others, bringing cumulative funding to $26.3 million.[2][3][4] With under 25 employees and revenue below $5 million, it plans to expand its engineering team, product features into a full financial ecosystem, and U.S. market reach.[2][4]
Adaptive Real Estate was founded in 2021 by Francisco Enriquez, Henry Bradlow (CTO), and Matthew Calvano (CEO), all bringing expertise to tackle construction's outdated financial operations.[3][4] The idea emerged from recognizing how manual back-office processes—like error-prone cost tracking and delayed payments—lead to massive losses, such as one customer reclaiming over $100,000 in reimbursable expenses post-Adoptive.[4] Starting with a focus on AI automation to cut through this "fog," the company launched its platform in February 2023, quickly gaining traction with 280+ customers and $1.4 billion in project volume, fueled by real-world pain points in cash flow and profitability.[4]
Pivotal early moments include rapid adoption among builders frustrated by traditional tools, validating the need for a construction-specific solution that integrates field and accounting without disrupting existing workflows.[4][5] Bootstrapped initially, Adaptive's momentum accelerated with seed funding and the oversized Series A, positioning it for scaled growth.[2][3][4]
(Note: Adaptive Realty, a separate Southern California real estate manager founded in 2011 with $200MM+ assets, is unrelated despite the similar name.[1])
Adaptive rides the proptech and construction tech wave, targeting a $1.6 trillion U.S. industry plagued by 30-40% project margins eroded by financial opacity and delays—amplified by post-pandemic labor shortages, rising material costs, and demands for efficiency.[4] Timing is ideal amid AI adoption in vertical SaaS, where tools like Adaptive address "office bottlenecks" that force higher prices and cash crunches, aligning with trends in automated finance (e.g., similar to Bill.com or Procore enhancements).[2][4]
Market forces favoring it include investor enthusiasm for AI in fragmented sectors—evident in its blue-chip backers like a16z—and a shift toward digital payments/compliance amid regulatory pressures on liens/insurance.[3][4] Adaptive influences the ecosystem by fostering transparency across the value chain, potentially reducing industry-wide friction and enabling smaller firms to compete, much like how fintech disrupted banking.[4][5]
Adaptive is poised to dominate construction finance as the go-to AI platform, with its $19M Series A fueling engineering hires, product expansion into a connected payments ecosystem, and nationwide rollout to capture more of the SMB market.[3][4] Key trends like generative AI for workflows, embedded finance, and sustainability-driven builds will accelerate its trajectory, especially as economic volatility heightens cash flow needs. Its influence could evolve from niche automator to industry standard, reshaping profitability for thousands of builders—echoing its core mission to deliver "crystal clear financials without the headache" from a standing start in 2021.[4][5]
Adaptive Real Estate has raised $33.0M across 3 funding rounds. Most recently, it raised $7.0M Adaptive - Seed in April 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2025 | $7M Seed | — | Antler, EVE Atlas, Pareto Holdings, Pebblebed | Announced |
| Jul 1, 2024 | $19M Series A | Emergence Capital | ALT Capital, Ribbit Capital, Kunal Shah, Tobias Lutke | Announced |
| Jul 1, 2022 | $7M Seed | Andreessen Horowitz, A16z Scout Fund | Fifth Wall, Foundamental, RET Ventures, Sequoia Capital | Announced |
Adaptive Real Estate was founded in 2021 by Audrey MacLean (Co-Founder).
Adaptive Real Estate has raised $33.0M in total across 3 funding rounds.
Adaptive Real Estate's investors include Antler, EVE Atlas, Pareto Holdings, Pebblebed, Emergence Capital, Alt Capital, Ribbit Capital, Kunal Shah, Tobias Lutke, Andreessen Horowitz, Fifth Wall, Foundamental.
Key people at Adaptive Real Estate.