ADAPTIVE RAISES $30M SERIES B FOR CONSTRUCTION ACCOUNTING

Adaptive provides accounting and financial management software tailored to the construction industry. The Series B funding, led by Tidemark with participation from existing investors, will support the company's expansion efforts. CEO Matt Calvano confirmed the raise to Axios Pro. Construction contractors face distinct accounting challenges, from project-based billing to complex cost tracking, creating a specialized market for vertical software solutions. The funding represents continued investor confidence in vertical SaaS platforms serving traditional industries. Construction software has attracted significant venture capital as the industry undergoes digital transformation. Adaptive joins a growing cohort of construction-focused fintech and software companies addressing inefficiencies in the sector. The company's previous funding round brought its total capital raised to $27 million before this Series B.