Town Secures $108 Million In Series B Funding Round Co-Led By Forerunner Ventures And Menlo Ventures

Town, an AI assistant platform for teams, raised $108 million in a Series B round co-led by Forerunner Ventures and Menlo Ventures, valuing the company at $1 billion. The company will use its AI assistants, called Townies, to help teams automate tasks, share context and coordinate work across employees, customers and partners. Existing investors a16z and First Round Capital also participated, alongside Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures and Sparked Ventures. Co-founder and CEO Jean-Denis Greze said Town aims to help teams work faster together as AI adoption grows.

FOUNDERS: Jean-Denis Greze & Tony Vincent

INVESTORS: Forerunner Ventures, Menlo Ventures, a16z, First Round Capital, Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures, Sparked Ventures, Brendan Foody, Josh Silverman, Romain Huet, Scott Belsky, Steve Bartel, Taro Fukuyama & Varun Anand

ROUND: Series B AMOUNT: $108,000,000 VALUATION: $1,000,000,000

HQ: San Francisco, California

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