The round comes from Accel, who led Agave's Seed round, with continued participation from YCombinator and brings Agave's total funding to over $20 million since its origin in late 2021. Founded by Tom Reno, John Zucchi, and Pooria Azimi, Agave will use the new capital to expand its team and scale its growing suite of products, which already help hundreds of contractors boost their team's productivity by automating accounting and back-office work.

Agave is the AI platform for construction financials, built to work seamlessly with the systems contractors already use. It serves general and specialty contractors, connecting more than 14 ERP and project management systems across cloud, hosted, and on-prem environments. Agave's products include cross-system data integration and AI tools for AP invoice automation, expenses management, vendor compliance, analytics and agent building.