Agora has built a materials management SaaS platform that helps commercial trade contractors order and track materials, automate manual data entry, and centralize procurement communication. The platform offers features such as customizable templates, pre-approved materials lists, a catalogue with more than 400,000 SKUs, and tools to eliminate manual entry. According to the company, annual recurring revenue grew 760% year-over-year, its customer base is up 6x, headcount has tripled to 45, and it is processing $140 million in annualized materials volume. Agora says its technology can save office teams 75% of the time spent processing purchase orders, reduce foremen materials-management time by 38%, and provide up to $300,000 of potential annual savings for the average customer. Founded in 2018 by Maria Rioumine and Ryan Gibson and based in San Francisco, the company is pursuing a trade-specific approach, starting with electrical work and expanding into mechanical. The company plans to use new capital to hire across teams and expand beyond 30 states into additional trade verticals. Agora positions itself to address productivity challenges in the $10 trillion construction industry, where technology spend has historically been low.

Total raised

$33M

Funding rounds

1

Latest round

Series B

Latest activity

Aug 2021