Agave Announces $15M Series A

Agave, building AI financial operations for contractors, led by Tom Reno, Pooria Azimi, and John Zucchi, has announced a $15M Series A led by Accel, with continued participation from Y Combinator, bringing the total funding to over $20M.

With 500+ customers, 2+ years of profitability, and nearly 3x year-over-year recurring revenue growth, Agave is scaling AI for construction financials, deeply integrated with the systems contractors use today.

Construction Runs on Decades-Old Software.

Construction companies build the physical infrastructure that powers modern life, but much of the financial and operational work behind those projects still runs on outdated systems.

Accounting teams manage thousands of invoices, change orders, job costs, forecasts, payments, and compliance tasks through fragmented workflows involving emails, spreadsheets, and legacy software. The result is slow reconciliation, outdated financial visibility, and manual processes that impact project profitability.

The challenge is not a lack of interest in technology. Construction requires specialized workflows, strict compliance, and reliable systems, making software migrations costly and risky. As a result, many contractors continue operating on platforms that are decades old.

Building the Industry’s Infrastructure.

Over the past four years, Agave has built the infrastructure layer connecting construction’s most critical software systems, including accounting, project management, and scheduling platforms.

Because many legacy systems lack APIs and documentation, Agave developed deep integrations by mapping complex workflows, data models, and system-specific requirements. The company now provides a unified API used by more than 12,000 contractors across North America, powering over 80,000 projects representing more than $100 billion in construction volume.

Agave’s technology supports projects ranging from factories and data centers to hospitals, universities, and major public infrastructure.

Becoming the Trusted Partner for Back-Office AI.

Working with hundreds of contractors revealed a growing demand for AI tools that could go beyond generic automation. Companies needed solutions built around construction-specific workflows, secure data access, permissions, and deep integrations across existing systems.

Agave launched its first AI products in 2025, powered by its construction software infrastructure. Its AI agents automate complex back-office workflows, including invoice processing, contract validation, cost coding, approvals, and financial reporting. Within months, AI product revenue grew more than 10x as teams saved time and gained real-time visibility into project finances.

Agave’s advantage comes from combining industry-specific AI with proprietary data connectivity across construction platforms, enabling accurate, auditable automation in workflows where precision is critical.

What’s Next?

Construction is facing a growing knowledge gap as an aging workforce retires and experienced financial expertise becomes harder to replace. Agave believes AI can help preserve institutional knowledge and give contractors the tools to operate more efficiently.

The company raised capital to accelerate demand-driven growth, expanding its team and broadening its AI product suite. The goal is to build the AI financial platform that contractors use alongside their existing systems, with multiple new products planned over the coming months.