Town Raises $108M Series B at a $1B Valuation for Team AI Assistants
Town announced a $108M Series B at a $1B valuation on Oct. 19, co-led by Forerunner and Menlo Ventures, with a16z and First Round participating. The company says it reached seven-figure ARR within weeks of its June launch and that paying customers have grown 4x and paying teams 9x since July. Revenue figures are self-reported.
Investors are still paying up for seat-based team agents on early revenue. Town on Monday, October 19 announced a $108 million Series B at a $1 billion valuation, co-led by Forerunner Ventures and Menlo Ventures, with a16z, First Round Capital and others participating. CEO Jean-Denis Greze leads the company.
Town launched in June 2026 with a $55 million Series A. It says it reached "7-digits of ARR" within weeks of launch and that, since July, paying customers have grown 4x and paying teams 9x. SiliconANGLE puts total funding at $160 million. Those revenue figures are self-reported and vague.
Limits
- ARR and growth multiples are the company's. "Seven-figure" is not a precise number.