Town Completes $108 Million Series B Funding, Valued at $1 Billion
Town announced on October 19, 2026 that it had completed a $108 million Series B funding round, co-led by Forerunner Ventures and Menlo Ventures, at a valuation of $1 billion, with participation from existing investors including a16z and First Round Capital. Town's AI work assistant Townie can now collaborate directly with one another, asking each other questions, connecting context across teams, and handing off work, while still sharing information only within the scope authorized by each respective user. The company says that since July 2026, its paid customers have grown 4x and paid teams 9x, and it supports more than 60 integrations.
Town announced on October 19, 2026 that it had completed a $108 million Series B funding round, co-led by Forerunner Ventures and Menlo Ventures, at a valuation of $1 billion, with participation from existing investors including a16z and First Round Capital. Town's AI work assistant Townie can now collaborate directly with one another, asking each other questions, connecting context across teams, and handing off work, while still sharing information only within the scope authorized by each respe
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