# Matt Calvano

> Matt Calvano is co-founder and CEO of Adaptive, a New York-based AI-native accounting and financial management platform built for the construction industry. A former real estate private equity investor and Morgan Stanley banker turned Stanford MBA, he launched Adaptive in 2022 with two Stanford classmates and has raised $26.4M from Emergence Capital and Andreessen Horowitz to attack the paperwork chaos and cash leakage inside the $2 trillion construction sector.

- **Role:** Co-Founder & CEO at Adaptive
- **Organizations:** Adaptive (adaptive.build), KSL Capital Partners (former), Morgan Stanley (former)
- **Nationality:** American
- **Education:** MBA, Stanford Graduate School of Business, BA, Finance, Michigan State University
- **Known for:** Raised $26.4M in total funding for Adaptive from Emergence Capital, Andreessen Horowitz, Definition, Exponent, 3kvc, Box Group and Gokul Rajaram., Grew Adaptive to 280+ construction customers managing $1.4B+ in project volume within ~18 months of launch., Adaptive named to CB Insights' 2024 list of 100 Most Innovative Fintech Startups.

## Career timeline

- **2013** — Graduated Michigan State University with a BA in Finance.
- **2013-2016** — Investment banking at Morgan Stanley, focused on real estate.
- **2016-2019** — Private Equity Associate at KSL Capital Partners.
- **2019-2021** — MBA at Stanford Graduate School of Business.
- **2021-2022** — Co-founded Adaptive with Henry Bradlow and Francisco Enriquez.
- **2022** — Raised $6.5M seed round led by Andreessen Horowitz.
- **2023-02** — Adaptive product launched publicly.
- **2024-07** — Closed $19M Series A led by Emergence Capital.
- **2024** — Named to CB Insights' 100 Most Innovative Fintech Startups.

## Achievements

- Raised $26.4M in total funding for Adaptive from Emergence Capital, Andreessen Horowitz, Definition, Exponent, 3kvc, Box Group and Gokul Rajaram.
- Grew Adaptive to 280+ construction customers managing $1.4B+ in project volume within ~18 months of launch.
- Adaptive named to CB Insights' 2024 list of 100 Most Innovative Fintech Startups.
- Scaled headcount to 76 employees at Adaptive's New York office.

## Latest updates

- **2024-07** — Adaptive closed a $19M Series A led by Emergence Capital, bringing total funding to $26.4M.
- **2024-12** — Featured in CB Insights' list of the 100 Most Innovative Fintech Startups.

## Links

- Website: https://adaptive.build
- LinkedIn: http://www.linkedin.com/in/mattcalvano
- Twitter/X: https://twitter.com/AdaptiveBuilds
- Instagram: https://www.instagram.com/mattcalvano/
- Facebook: https://facebook.com/adaptivebuilds/

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Profile page: https://yespress.io/matt-calvano
Published by YesPress — https://yespress.io
Last updated: 2026-07-09