News · 2026-10-20
Town raises $108M Series B at a $1B valuation four months after launch
Town, a San Francisco startup that gives each employee an AI assistant called a Townie, raised $108 million in a Series B at a $1 billion valuation, announced 19 October 2026, co-led by Forerunner Ventures and Menlo Ventures with Andreessen Horowitz, Serena Ventures and First Round Capital participating. The round came four months after the June 2026 public launch and brings total funding to at least $160 million after a $55 million Series A in June. Town says it reached seven figures of annual recurring revenue within weeks of launch, that paying customers have grown fourfold and paying teams ninefold since July, and that thousands of businesses use Townies daily. Townies connect to email, calendar and core work systems, can talk to each other and share approved information, can now work with people outside the company, and a new shared workflow keeps them updated with business information automatically.
What it means for buyers
Per-employee assistants that coordinate with each other are now a funded category alongside platforms like Lindy, which matters for buyers picking between a single personal assistant and a fleet of role-scoped ones. The procurement questions are data scope, because an assistant this useful reads email, calendar and documents, and whether team coordination features justify a per-seat price. Revenue and growth figures above are company claims reported by TechCrunch, not audited numbers.
Where to check it
- Lindy profile: dated claims, sourced pricing
Sources
- AI assistant startup Town nabs unicorn valuation four months after launch (TechCrunch) — round terms, investors, growth claims and product detail, 19 October 2026, checked 2026-10-20