Avoca Secures $125 Million in Funding Led by Meritech, General Catalyst, and Kleiner Perkins

Avoca, an AI platform for America's services economy, has raised over $125 million across Seed, Series A, and Series B funding, with significant investment from Meritech, General Catalyst, Kleiner Perkins, Amplify Partners, and Y Combinator. The company aims to reach a $1 billion valuation. Avoca's AI solution is tailored to the front office of the services economy, providing 24/7 call handling, scheduling, custom marketing campaigns, and customer follow-ups.

The AI-powered voice and workflow automation ensures rapid response times, higher utilization, and revenue recovery for businesses in the home services sector and other service-based industries. Avoca's partnerships with industry giants like ServiceTitan, Nexstar, and Clover, along with endorsements from leading operators, have contributed to its rapid adoption.

The company is expanding its AI solutions to encompass a wider range of service-based businesses, including automotive services and property management.