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Town, an AI assistant startup, raised $108M in Series B funding co-led by Forerunner Ventures and Menlo Ventures, achieving unicorn valuation.
Amount Raised
$108 Million
Round Type
Series B
San FranciscoFinancial ServicesFinanceInvestors
Description
Town, a San Francisco-based AI assistant startup founded by former Plaid CTO Jean-Denis Greze, announced a $108 million Series B funding round co-led by Forerunner Ventures and Menlo Ventures. The round also included participation from Andreessen Horowitz, Serena Ventures, and First Round Capital. Town has now raised at least $160 million to date, following a $55 million Series A in June. The company achieved unicorn valuation status four months after its public launch and announced a new shared workflow feature for its AI assistant product.
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Funding Insights
What this usually meansTown raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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