Avoca, a New York–based AI platform for the services economy, has raised over $125 million across Seed, Series A, and Series B funding rounds at a $1 billion valuation.
Investors
Meritech Capital Partners and General Catalyst led the Series B, and the Series A round was led by Kleiner Perkins, with participation from Amplify Partners and Y Combinator.
Meritech Capital Partners is a late-stage venture capital firm based in Palo Alto, California. Founded in 1999, the firm manages over $4 billion in assets and is known for its disciplined focus on high-growth technology companies, particularly in enterprise software, SaaS, consumer internet, and fintech. Meritech typically enters as a strategic partner when a company is scaling rapidly, often leading rounds ranging from $10 million to $100 million.
General Catalyst is a global investment and transformation company that partners with ambitious entrepreneurs to drive resilience and applied AI. The firm works with founders from seed through growth stages to build enduring companies. Headquartered in Cambridge, Massachusetts, with major hubs in San Francisco, New York, London, Berlin, and Bangalore, General Catalyst manages over $40 billion in assets and has backed more than 1,000 businesses globally.
Kleiner Perkins is a Silicon Valley venture capital firm founded in 1972 that focuses on partnering with founders to make history. The firm invests across all stages, from seed to growth, within the consumer, enterprise, healthcare, fintech, and hard tech sectors.
Avoca Use of Funds
The company will use the funding to expand its AI platform, scale operations, and support growth across service-based industries.
About Avoca
Founded by Apurva Shrivastava and Tyson Chen, Avoca provides AI-powered voice and workflow automation that answers every inbound lead, books jobs directly into customer CRMs, relentlessly follows up on outstanding estimates, and dynamically drives new lead flow based on technician capacity. Avoca's AI agents for service businesses, handling chat, email, voice calls, and SMS across the entire customer journey.
Headquartered in New York City, with an office in Santa Barbara, Avoca has established partnerships with ServiceTitan, Nexstar Network, and Clover. Its customers include major operators such as Turnpoint Services, 1-800-GOT-JUNK?, and Goettl.
Funding Details
- Company: Avoca
- Raised: $125M+
- Rounds: Seed, Series A, Series B
- Funding Date: April 2026
- Lead Investors: Meritech Capital Partners, General Catalyst (Series B); Kleiner Perkins (Series A)
- Additional Investors: Amplify Partners, Y Combinator
- Company Website: https://www.avoca.ai/
- Category: AI Automation / Service Operations
- Source: https://www.prnewswire.com/news-releases/avoca-raises-125m-at-1b-valuation-to-power-americas-services-economy-with-ai-302753962.html