Avoca reaches $1B valuation with $125M raised for AI-powered home services platform

Avoca, which uses AI voice agents to handle missed calls, scheduling, and marketing follow-ups for HVAC, plumbing, and roofing businesses, has raised over $125M across Seed, Series A (Kleiner Perkins), and Series B (Meritech, General Catalyst, YC) at a $1B valuation. The company processes $1B in booked jobs annually, with customer acquisition costs down 65% and per-order losses down 50%. The raise demonstrates that vertical AI plays targeting the overlooked $4T+ services economy for Main Street businesses can achieve unicorn status with improving unit economics.