FundingSource dated 19 Oct 2026
Town announces $108M Series B for AI assistants that coordinate with each other
Town announced a $108 million Series B co-led by Forerunner Ventures and Menlo Ventures, valuing the business at $1 billion. Its work assistants connect to employees' email, documents, calendars and business tools; the company says the assistants can now coordinate with each other and outside contacts.
At a glance
- Amount
- $108M
- Type / stage
- Equity · Series B
- Status
- Announced
- Announced
- 2026-10-19 (day)
- Closed
- Unknown
- Investors / lenders
- Forerunner Ventures, Menlo Ventures, a16z, First Round Capital, Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures, Sparked Ventures
- Valuation
- $1B · unknown