Avoca Raises Series B Funding At $1 Billion Valuation Led By Meritech And General Catalyst

Avoca, a New York-based AI platform for the services economy, raised an undisclosed Series B round at a $1 billion valuation. This round brought total funding to over $125 million and was led by Meritech and General Catalyst, following a prior Series A led by Kleiner Perkins.

Summary of transaction details:

• Deal Type: Series B
• Transaction Amount: Undisclosed
• Company Valuation: $1,000,000,000
• Founders: Apurva Shrivastava & Tyson Chen
• Headquarters: New York
• Notable Investors: Meritech, General Catalyst, Kleiner Perkins

Avoca provides AI-powered voice and workflow automation, enabling rapid responses to inbound leads, direct job bookings into CRMs, follow-ups on estimates, and optimization of technician capacity. The company aims to expand operations and product development by broadening into other schedule-dependent industries such as moving, junk removal, automotive services, and property management.