Town, a San Francisco AI assistant start-up, is now a unicorn.
The business revealed a $108 million Series B on Monday, October 19, 2026, at a $1 billion appraisal. The start-up just released openly in June, so it reached that mark in a matter of months.
Leader Ventures and Menlo Ventures co-led the round.
Who composed the checks
The round drew a mix of returning and brand-new backers. Existing financiers a16z and First Round Capital returned for more.
Brand-new financiers on the cap table consist of Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures, and Sparked Ventures.
The Series B caps a quick fundraising run. Town raised an $18 million seed round in March 2025, led by First Round Capital.
It followed that with a $55 million Series A ahead of its June 2026 public launch. Now it has actually included $108 million on top.
What Town in fact offers
Town constructs AI assistants it calls “Townies.” They plug into the tools individuals currently reside in, consisting of e-mail, calendars, Slack, Gmail, and Google Workspace.
The pitch is a proactive, “chief-of-staff” design representative. Rather of opening a chatbot and typing out a timely, users get an assistant that works inside their existing tools and deals with jobs by itself effort.
Town is likewise leaning into groups, not simply people. Its representatives are developed to assist associates entrust and collaborate while appreciating everyone’s own context.
Representatives can share restricted context with one another, so a group’s assistants can collaborate without every representative seeing whatever about everybody.
Draft writing becomes part of the plan too. Townies can prepare interactions, while users keep control over what really gets sent out.
The development numbers behind the appraisal
Town struck seven-figure yearly repeating income within weeks of its public launch.
Because July 2026, Town states its paying consumers have actually grown four-fold.
Paying groups have actually grown nine-fold over the very same stretch.
Individuals running it
Town was established in 2024 by Jean-Denis Greze and Tony Vincent.
Greze formerly worked as primary innovation officer at Plaid, the fintech facilities business. Vincent was an item lead in Google’s used AI department.
Disclosure: This post was modified by Diego Almada Lopez. To learn more on how we produce and evaluate material, see our Editorial Policy.
Discover more from PMN S.P.O.R.T.S - A PRIME MEDIA NETWORK BRAND
Subscribe to get the latest posts sent to your email.
