Agora, a San Francisco, CA-based commercial construction procurement platform, raised $33m in Series B funding.
The round was led by Tiger Global, with participation from 8VC, Tishman Speyer, Jerry Yang, Michael Ovitz, DST, LeFrak, and Kevin Hartz.
The company intends to use the funds to recruit talent for its engineering, sales, customer success, marketing, product, and design teams and conduct research and development to expand into other trade verticals.
Led by Maria Rioumine, CEO and Co-Founder, Agora is a materials procurement platform built for commercial trade contractors to reduce overhead costs and increase labor productivity. The platform brings the field, office, warehouse, accounting teams, and suppliers, onto one collaborative environment, allowing contractors to create requisitions, issue purchase orders, and track invoices and deliveries instantaneously.
Today, the company is processing more than $140 million in annualized materials orders for its customers. In the last year, Agora has grown revenue 760% and expanded across 30 states, all whilst tripling in team size.