Town Raises $55 Million Series A Round Led By Andreessen Horowitz For AI Assistant Townie
Building Size
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Asset Type
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Closing
Jun 3, 2026
About this deal
AI
Town has completed a $55 million Series A funding round led by Andrew Rampell at Andreessen Horowitz, with participation from Kirsten Green at Forerunner Ventures and continued support from First Round Capital, Alt Capital, and Conviction.
Summary of transaction details:
- Deal Type: Series A
- Transaction Amount: $55,000,000
- Company Headquarters: San Francisco, California
- Key Investor: Andreessen Horowitz
- Other Investors: Forerunner Ventures, First Round Capital, Alt Capital, Conviction
Founded by Jean-Denis Greze, Town aims to streamline workflows through its AI assistant, known as a “Townie,” which connects with various tools such as email and calendars to help automate tasks. The technology adapts to individual user preferences over time.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93