Avoca Raises Series B at $1B Valuation
Avoca (avoca.ai), which builds AI agents for service businesses like HVAC, plumbing, and roofing companies, has raised more than $125 million across its Seed, Series A, and Series B funding rounds at a $1 billion valuation. The Series B was co-led by Meritech and General Catalyst, and the Series A was led by Kleiner Perkins. Amplify Partners and Y Combinator also participated as backers. Fortune first reported the deal exclusively.
Avoca's early seed investors include Pioneer Fund, Soma Capital, BoxGroup, Nexus Venture Partners, Outbound Capital, and Citta Capital.
The company was founded in 2022 by Apurva Shrivastava and Tyson Chen, both MIT CS grads. Shrivastava previously worked on AI products at Apple and was an engineer at Retool. Chen was an early PM at Nuro for three years and before that a consultant at BCG, where he helped bring AI to Fortune 500 companies. The pair came out of YC's W23 batch.
In 2023, the two spent three months building a product specifically for Rescue Air, a Texas-based contractor who then helped them find their first several customers. It was trade shows, conferences, and network effects that got them to their first 10 customers, and to the more than 800 they have today.
What Avoca actually does is handle the front office for contractors. Its AI-powered voice and workflow automation answers every inbound lead within seconds, books jobs directly into customer CRMs, follows up on outstanding estimates, and drives new lead flow based on technician capacity. The platform works across phone calls, SMS, email, and chat.
Avoca has partnerships with ServiceTitan, Nexstar, and Clover, and counts some of the largest operators in the country as customers, including Turnpoint, 1-800-GOT-JUNK?, and Goettl. In 2025, the company surpassed eight figures in annual recurring revenue.
"Three years ago, AI voice for home services wasn't a category. Avoca created it. Today, every major contractor in America knows the name."
— Alex Clayton, General Partner, Meritech Capital
This year alone, Avoca is on track to book $1 billion in jobs through its platform. That metric matters because it speaks to real economic output flowing through the system, not just software revenue.
"Every successful contractor already has a winning playbook. Answer every call. Follow up relentlessly. Fill the board before it empties. The reality is that execution breaks down when demand spikes or when teams are stretched thin."
— Apurva Shrivastava, Co-founder, Avoca
Vedant Suri, Partner at General Catalyst, noted that Avoca is targeting a population of businesses that most software companies ignore. Kleiner Perkins Partner Leigh Marie Braswell, who led the firm's Series A investment, described what the founders have built as feeling "less like a tool and more like core infrastructure for how this industry operates."
Looking ahead, Avoca plans to expand beyond home services into other service-based industries that rely on scheduling, field operations, and customer communication, including automotive services, moving, and property management.