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Town Raises $55 Million Ser...

Updated Jun 3, 2026

SOLD

Town Raises $55 Million Series A Round Led By Andreessen Horowitz For AI Assistant Townie

Building Size

Asset Type

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

Andreessen Horowitz
Andreessen HorowitzLender

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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

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