BREAKING  Avoca hits $1B valuation on $125M+ raised On track to book $1 billion in jobs this year 1,000+ service operators on board From an MIT poker night to a unicorn Call quality: 40% → 95% after switch Backed by Kleiner Perkins, Meritech, General Catalyst BREAKING  Avoca hits $1B valuation on $125M+ raised On track to book $1 billion in jobs this year 1,000+ service operators on board From an MIT poker night to a unicorn Call quality: 40% → 95% after switch Backed by Kleiner Perkins, Meritech, General Catalyst
Avoca logo
EXHIBIT A: The logo of a company whose entire job is to make sure your phone never rings in vain.
YesPress Dossier · Company File

Avoca.

The AI workforce for the service businesses that keep America warm, dry, and wired - and that used to miss the call.

EST. 2022 · NEW YORK $1B VALUATION $125M+ RAISED AI · VERTICAL SAAS

It is 2 a.m. in Dallas and a furnace has just died. The homeowner does what panicked homeowners do - dials the first HVAC company on the list. It rings. It rings again. Nobody picks up, because nobody human is awake. Somewhere a $12,000 install quietly evaporates. Except, increasingly, it doesn't: a voice answers on the second ring, asks the right questions, and books the morning slot. That voice works for Avoca, and it never sleeps, never sighs, and never lets the call go to a machine that says press one.

This is the unglamorous frontier Avoca decided to colonize. Not chatbots for software companies. Not another copilot for people who already have copilots. Phones. Plumbers. The blinking voicemail light of the American trades.

A missed restaurant order costs forty dollars. A missed HVAC call can cost forty thousand. - the arithmetic that rebuilt Avoca's entire business
The problem they saw

An industry running on heroics and sticky notes

The services economy is the largest, most labor-intensive sector in the country, and for decades it has run on what Avoca politely calls "heroics, spreadsheets, and a stack of vendors taped together." The dispatcher who remembers everything. The owner who answers the phone from a ladder. The estimate that someone swears they'll follow up on, eventually.

The dirty secret of the trades is that demand was never the problem. The phone was ringing. The problem was that roughly half those calls went unanswered, mishandled, or un-followed-up - each one a job booked by the competitor who happened to pick up. Software had arrived for nearly every white-collar workflow on earth and somehow skipped the people who fix the furnace.

Operators who adopt AI early are pulling away from the ones who do not. The gap is widening. - Avoca, on why standing still is the expensive option
The founders' bet

A poker night, then a wrong turn into the right market

Tyson Chen and Apurva Shrivastava - two engineers - met, of all places, at an MIT poker night. Their first company was not this one. They were building AI to handle calls for restaurants, a perfectly reasonable idea that was also, it turned out, slightly beneath the opportunity.

The pivot came uninvited. At a Texas restaurant conference, a Dallas HVAC outfit called Rescue Air walked up and basically asked: could this thing answer our phones instead? The founders spent an afternoon listening, did the back-of-napkin math on a missed install versus a missed appetizer, and spent the next three months building a product for a single contractor. The restaurants never got a callback.

They went to sell software to restaurants and accidentally found a billion-dollar industry standing in the parking lot. - the most productive wrong turn in recent vertical-SaaS history

The Avoca File

// a four-year sprint from poker table to unicorn
2022
Founded. Chen and Shrivastava start building AI call-handling - first aimed at restaurants.
2023
The pivot. A chance meeting with Dallas HVAC company Rescue Air redirects the company toward the trades.
2024
Y Combinator. Seed backing from YC, Amplify Partners and Nexus Venture Partners.
2025
Series A & scale. Kleiner Perkins leads the A; Avoca crosses eight figures in ARR.
2026
$1B. Series B led by Meritech and General Catalyst pushes total raised past $125M at a $1 billion valuation.
The product

One AI front office, eight ways to never miss a job

Avoca calls itself "the AI workforce for service businesses," which is marketing, but only just. The platform handles the full customer journey across voice, text, chat and email: it answers the inbound call within seconds, books the job straight into the contractor's existing CRM, chases the outstanding estimate without getting tired of being told no, and quietly scores every call so the human reps get better too.

AI CSR

Answers every inbound call, text and chat 24/7 and books the job into the CRM in seconds.

Simple Scheduler

Self-service booking - homeowners can lock in a slot entirely over text message.

Speed-to-Lead

Instantly responds to new leads so the contractor is first to the customer, not fourth.

Outbound Campaigns

Relentless follow-up on dormant leads and unsigned estimates, scaled to crew capacity.

Coach

Scores 100% of calls instead of a sampled handful, raising every rep's game.

Analytics + LSA

Tracks marketing spend from ad click all the way to paid invoice, plus Google LSA.

A homeowner can now book a plumber the same way they text a friend. The plumber finds out when the job is already on the calendar. - the feature that makes "press one for service" feel medieval
The proof

The numbers the contractors actually feel

Skepticism is healthy here - "AI agent" is a phrase that has launched a thousand vaporware decks. So look at the operational deltas instead of the adjectives. One customer watched call quality climb from 40% to 95%. Another, Wilson Companies, runs 400 calls a week through it. Across its base, Avoca says more than half of bookings now run end-to-end through AI.

Call quality, before and after

// one Avoca customer's QA score on handled calls
Before Avoca
40%
After Avoca
95%
Source: Avoca customer reporting. Figures are company-reported and approximate.
$1B
VALUATION
$125M+
TOTAL RAISED
1,000+
OPERATORS
$1B
JOBS BOOKED / YR*

The customer roster reads like a who's-who of the trades: Turnpoint Services, 1-800-GOT-JUNK?, Goettl, Authority Brands, Apex Service Partners and the original believer, Rescue Air. The plumbing comes via partnerships too - native integration with ServiceTitan, plus distribution through Nexstar Network and Clover. The investors agreed with their checkbooks: Kleiner Perkins, Meritech, General Catalyst, Amplify Partners, Nexus Venture Partners and Y Combinator.

Eight figures of recurring revenue from an industry Silicon Valley spent twenty years ignoring. - the trades, having the last laugh
The mission

Concierge-grade service for the corner shop

Avoca's stated ambition is a "software moment" for home services - the point where a two-truck plumbing shop can answer, book and follow up with the same polish as a national franchise, because both are running the same AI. Consolidate the taped-together vendor stack. Let the operator compete on the quality of the work instead of the size of the front desk.

It is a notably democratic pitch for an AI company. The technology that usually widens the gap between the big and the small is, in this telling, supposed to flatten it.

Why it matters tomorrow

Phones, technicians, and tight schedules - everywhere

Home services was the beachhead, not the ceiling. Avoca is already pushing into moving, junk removal, automotive and property management - anywhere a business lives or dies by phones, technicians and tight schedules. The thesis scales because the problem is universal: somebody, somewhere, is always missing a call.

So return to that 2 a.m. furnace in Dallas. A few years ago, that call rings out and the homeowner shivers until morning, then books whoever answers first. Today the call is answered, the slot is booked, the technician is dispatched, and the homeowner goes back to bed. The furnace is still broken. The business that used to lose that job no longer does. That is the whole company, in one phone call - and the phone, finally, is being picked up.

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