Adaptis Raises $4M To Scale AI-Powered Building Platform

Toronto-headquartered building optimization and sustainability platform Adaptis has completed a successful close of its $4 million seed financing round. The new capital injection will fuel the company's aggressive plans to grow its ground-breaking platform throughout the United States and Canada, as well as further drive its product development and market growth into new asset classes. Established in 2022, Adaptis has emerged as a central force in assisting real estate stakeholders in managing the increasingly complex capital planning and sustainability environment.

Adaptis offers a state-of-the-art, AI-driven cost and carbon decision-support platform that brings together financial, sustainability, and operational data. This enables building owners and operators to make well-informed decisions that reconcile capital expense, environmental regulation, and operational efficiency over the long term. With the built environment increasingly scrutinized for its carbon emissions, Adaptis' platform empowers users to put retrofitting first, stay regulatory compliant, and minimize their environmental footprint — and save themselves money in the process.

The platform is engineered to achieve maximum cost and carbon performance over the lifespan of a building, be it a single building or a portfolio. Adaptis says it now covers over 350 buildings with another 400 buildings lined up to onboard in the next quarter. Notably, the firm boasts an average 20% capital expenditure (capex) saving for its customers — a compelling value proposition for building owners wishing to both improve profitability and address climate objectives.

Sheida Shahi, Co-Founder and CEO of Adaptis, welcomed the funding and its implications for the future of the company. "Our vision is straightforward: empower real estate decision-makers to drive profitability and sustainability.". This investment enables us to drive innovation faster, reach further, and make leading-edge carbon and cost optimization solutions available to the entire built environment," Shahi explained. Her words echo the very essence of Adaptis — to turn building management into a data-driven, future-proof activity that blends environmental stewardship with fiscal responsibility.

The seed financing was spearheaded by Building Ventures, with strategic investment from MetaProp, 2048 Ventures, Powerhouse Ventures, and Blue Vision Capital. These investors, who are recognized for supporting disruptive climate tech and proptech startups, reflect a resounding vote of faith in Adaptis' ability to disrupt the real estate industry's methods of decarbonization and capital planning.

Heather Widman, Building Ventures Partner, highlighted the importance and financial significance of Adaptis' purpose. "Anyone who owns, develops, designs, or operates buildings and isn't considering whole-life carbon is leaving money on the table and taking unnecessary risk," Widman said. "We are excited to invest in Adaptis as they scale around the world, increasing net operating income and preventing millions of tons of CO2e."

The newly mobilized capital will allow Adaptis to expand beyond Class A buildings and leverage its platform to address all asset classes, including older or less energy-efficient buildings that tend to have the greatest retrofit requirements. The capital will also fund research and development as the company continues to evolve its platform to best address the changing demands of a fast-paced real estate sector and regulatory environment.

As real estate markets grow under the pressure to cut carbon emissions and enhance ESG (Environmental, Social, and Governance) performance, Adaptis provides a timely and welcome solution. By allowing owners and operators to take proactive steps towards building upgrades and sustainability initiatives, the company not only saves clients money but also furthers larger climate action objectives.

In the space of three years, Adaptis has showcased tremendous growth and momentum in real estate tech. Its AI-fueled model for sustainability planning represents a bold step up from more antiquated approaches that rely on disjointed tools and disconnected insights. Armed with top-flight investors and a well-defined course ahead, Adaptis is set to become an influential force on the quest to decarbonize the built environment — building by building.