Avoca, an AI agent startup for home services businesses, raises over $125 million and reaches $1 billion valuation

Avoca, which builds AI agents to help HVAC, plumbing, roofing, and electrical businesses handle inbound calls, scheduling, follow-ups, and dispatch, has raised more than $125 million across three rounds of funding, valuing the company at $1 billion. The funding includes a Series B led by Meritech and General Catalyst, a Series A led by Kleiner Perkins, and a seed round led by Y Combinator in 2024.

The startup grew from a chance meeting at a Texas restaurant conference where founders Tyson Chen and Apurva Shrivastava encountered Rescue Air, a Dallas HVAC company. After building a product for Rescue Air over three months in 2023, the company now serves more than 800 customers primarily through trade shows, conferences, and network effects.

Kleiner Perkins partner Leigh Marie Braswell characterized home services as an overlooked industry and positioned Avoca as a bridge between Silicon Valley and traditional service businesses. The HVAC industry alone was worth about $50 billion in 2025, with some estimates reaching $75 billion by 2032.