# Town Raises $108M Series B at a $1B Valuation for Team AI Assistants

Times of AI Desk · 2026-10-20 · Products

[https://timesof.ai/2026/10/town-108m-series-b-1b-valuation](https://timesof.ai/2026/10/town-108m-series-b-1b-valuation)

> 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.

## Sources

- [Town: Raises $108M at a $1B Valuation (October 19, 2026)](https://www.town.com/press/series-b)
- [SiliconANGLE: Town secures unicorn status after raising $108M (October 19, 2026)](https://siliconangle.com/2026/10/19/ai-work-assistant-startup-town-secures-unicorn-status-after-raising-108m-just-weeks-after-launching/)