Town Raises $108 Million Series B at Unicorn Valuation Four Months After Launch
Summary
Town raises a $108 million Series B co-led by Forerunner Ventures and Menlo Ventures, giving the San Francisco AI assistant startup a unicorn valuation four months after its public launch. Founder and former Plaid CTO Jean-Denis Greze's company has raised at least $160 million. It sells employee AI assistants called Townies.
Key Points
- Town says it reached millions of dollars in annual recurring revenue within weeks of its public launch.
- Andreessen Horowitz, Serena Ventures and First Round Capital also participate in the Series B.
- A shared workflow automatically updates every employee's Townie with new business information.