a16z leads $6.5M seed round for Adaptive, a construction software and fintech play

In the construction business, time is money.
But with so many moving parts, it can be extremely challenging for construction companies to manage the administrative aspects of their finances.
Adaptive, an 11-month-old startup that has set out to give construction teams better tools to manage their back offices, has raised $6.5 million in a seed round led by Andreessen Horowitz (a16z). This adds to the $750,000 the company raised in pre-seed funding last August.
Notably, founders and executives from companies such as Airbase, Brex and Ramp — which ironically all compete with one another — also p

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