Tidemark raises Adaptive

● VC WATCH | CONSTRUCTION/AEC · Project Management & ERP

SEPTEMBER 18, 2026

Adaptive raises $30M led by Tidemark

TARGET

AI-native project accounting platform for mid-market construction companies—general contractors, specialty trades, and developers—automating job costing, AP, billing, WIP, payments, and compliance workflows alongside existing ERPs.

Deal value	$30M invested
Ownership	VC-backed · Tidemark, Emergence Capital, Andreessen Horowitz, Pathlight, Definition, 3KVC +1 more
Capital raised	$57 million
Headcount	~50 FTEs
Headquarters	New York, New York
Leadership	Matt Calvano, co-founder and CEO

INVESTOR

Tidemark

Growth equity firm investing $20–150M in growth-stage technology category leaders.

Headquarters	Menlo Park, California
Deal team	Dave Yuan, Founder & Managing Partner Andrew Walsh, Partner

Share deal Copy details View press release ↗

Tidemark -> Adaptive  (2026-09-18)
vc_round | Construction/AEC | $30 million invested | announced
Target: AI-native project accounting platform for mid-market construction companies—general contractors, specialty trades, and developers—automating job costing, AP, billing, WIP, payments, and compliance workflows alongside existing ERPs.
Website: adaptive.build | Buyer site: tidemarkcap.com
HQ: New York, New York | Ownership: vc-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/tidemark-adaptive.html

Spotted an error or advised on this transaction? Claim credit or send a correction

MORE IN CONSTRUCTION/AEC

Endra acquires Planlabs AG (HHM) Design & BIMSEP 15

Planlabs AG – Generative AI SaaS platform for automated 3D planning of MEP building technology systems — ventilation, plumbing, heating and cooling, fire protection, and electrical — for AEC firms ›

Accel-KKR agrees to take Eleco plc private Project Management & ERPSEP 10

£207.6M Equity Value · Eleco plc – project management, scheduling, estimating, BIM, and facilities management software for architectural, engineering, construction, and owner/operator industries, sold to contractors, housebuilders, and project consultancies across the UK, Europe, and the US ›

SKYX Platforms Corp. acquires Deako Inc. Building Automation & CommissioningSEP 10

25,000,000 Shares Of SKYX Common Stock Deal Value · Deako Inc. – modular plug-and-play smart lighting switches and AI home platform installed by national homebuilders in new residential construction across the U.S ›

SmartCraft Group AB acquires LiveCosts Project Management & ERPSEP 8

€8.45M Enterprise Value · LiveCosts – real-time job costing and cost-control software for SME general contractors, subcontractors, and specialty trades, integrating with Xero, QuickBooks, and Sage ›

Spark Capital leads a round in CivilGridVC Watch Site Intelligence & DronesAUG 27

$26M Invested · CivilGrid – pre-construction site intelligence SaaS aggregating utility, environmental, and geotechnical data into interactive maps for civil engineers, developers, utilities, and municipalities ›

Battery Ventures leads a round in RundooVC Watch Materials & Heavy CivilAUG 27

$30M Invested · Rundoo – point-of-sale, e-commerce, CRM, loyalty, and AI-assistant software for independent hardware, paint, lawn and garden, farm and feed, and lumber supply stores ›

Browse the full register →

SEARCH CONTACT

Thematic is a news publication, not an investment adviser. Nothing here is investment advice or a recommendation to buy or sell any security. Researched and compiled by Thematic; accuracy and completeness are not guaranteed.