Agave Raises $15M Series A for AI Construction Financials

The construction industry has historically struggled with fragmented financial data. Many contractors rely on spreadsheets and manual processes to reconcile job costing, payroll, and vendor payments. A typical mid-sized contractor uses several software tools for accounting, project management, payroll, and document control. Moving data between them often means manual entry and reconciliation.

Tom Reno and John Zucchi, along with Pooria Azimi, started the company after seeing how much time field teams and office staff spent chasing numbers across disconnected tools. The new capital will go toward expanding the engineering and sales teams and scaling the product suite, the company said. Agave plans to double headcount by the end of the year and build additional ERP connectors. Work on advanced AI agents is also a priority, according to the company.

The Series A comes as investors increase bets on vertical AI applications. Construction is a large addressable market with low software penetration in back-office processes. Agave's ability to sign up hundreds of contractors without a large sales force suggests early traction.

Competing platforms like Procore focus on project management. Agave targets the financial layer. That narrower focus means less direct competition from incumbents and a clear value proposition for contractors burdened by manual financial work.

The company does not disclose revenue or customer counts. It said it is active with general and specialty contractors across the U.S. The funding round will also support pricing experiments and broader go-to-market efforts.