Avoca Raises $125M+ Growth Capital at $1B Valuation

Avoca, a New York-based startup, is developing AI agents to manage inbound calls, scheduling, follow-ups, and dispatch for contractors in sectors like HVAC, plumbing, and roofing. The company has secured more than $125 million in total funding across its seed, Series A, and Series B rounds, achieving a valuation of $1 billion.

Investors

The Series B round was led by Meritech and General Catalyst. Earlier rounds saw participation from Kleiner Perkins, which led the Series A, and Y Combinator, which led the seed round.

Avoca Use of Funds

The article does not explicitly detail Avoca's specific plans for using the newly secured capital. However, the funding is expected to support the company's growth as it scales its AI agent platform and expands its services within the home services sector, aiming to address the significant revenue loss associated with missed calls for contractors.

About Avoca

Avoca was co-founded by Tyson Chen and Apurva Shrivastava. The company's mission is to empower contractors in overlooked industries by providing AI agents that automate critical customer communication workflows, including handling phone calls, scheduling jobs, following up on estimates, and managing dispatch operations. Avoca aims to help businesses capture revenue that might otherwise be lost due to missed calls. The company currently serves more than 800 customers.

Funding Details

Company: Avoca
Raised: $125M+
Round: Growth Capital
Funding Date: May 2, 2026
Lead Investor: Meritech, General Catalyst, Kleiner Perkins, Y Combinator
Software Category: AI Agents, Vertical AI, Enterprise Software
Company Website: https://avoca.ai
Source: https://letsdatascience.com/news/avoca-raises-125m-reaches-1b-valuation-1f84b3d8