Agave, an AI-powered platform for construction financial operations, has raised $15 million in Series A funding to expand its technology solutions for the construction industry.
The funding round was led by Accel, with continued participation from Y Combinator. With this latest investment, Agave’s total funding has crossed $20 million since its launch in 2021. The company plans to use the new capital to expand its team and scale its AI-driven products for contractors.
Agave’s platform helps construction companies automate accounting, financial reporting, data entry, cost reconciliation, and other back-office processes. Instead of replacing existing systems, the company integrates artificial intelligence with contractors’ current ERP and project management software to improve efficiency.
The platform currently supports more than 500 general and specialty contractors across commercial, civil, and residential construction sectors. It is used across over 80,000 construction projects representing more than $100 billion in project value.
Agave has developed integrations with more than 14 ERP and project management platforms, enabling smoother financial workflows and reducing manual tasks.
The company aims to help construction firms improve productivity, manage financial operations efficiently, and address industry challenges through AI-powered automation.
