Town: Funding Rounds, Investors & CEO | Startup Funding Tracker

About Town

Town builds an AI work assistant for businesses. Each person gets an assistant called a Townie. A Townie connects to that person's email, docs, calendar and core work systems. It learns their projects, relationships and voice. Townies can ask each other questions and hand off work. They can also deal with customers, partners and candidates by email and text.

Town launched publicly in June 2026 and works from San Francisco's Financial District. It has 16 open roles in San Francisco and New York City. Jean-Denis Greze is co-founder and chief executive officer. Tony Vincent is co-founder and chief product officer. Greze is a former chief technology officer of Plaid. Vincent is a former director of applied AI product at Google. The assistants run on models from outside AI labs, which may include Anthropic and OpenAI. Town is SOC 2 Type 2 compliant.

Funding Rounds (SEC Form D)

First sale	Filed with SEC	Amount sold	Investors	Avg. check	Terms	Filing
Oct 7, 2026	Oct 22, 2026	$104,364,967of $115.1M target	13	$8.0M	EquityRule 506(b)	Form D ↗
May 20, 2026	Jun 4, 2026	$60,148,593fully sold	6	$10.0M	EquityRule 506(b)	Form D ↗
Nov 15, 2024	Nov 29, 2024	$17,929,985of $17.9M target	51	$351K	EquityRule 506(b)	Form D ↗
Total, three offerings		$182,443,545

First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.

Rounds announced by Town

What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.

Announced	Round	Amount	Investors	Source
Oct 19, 2026	Series B	$108 million	Forerunner Ventures and Menlo Ventures (co-led) (co-leads), a16z, First Round Capital, Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures, Sparked Ventures, and angels including Brendan Foody, Josh Silverman, Romain Huet, Scott Belsky, Steve Bartel, Taro Fukuyama and Varun Anand. The round values the company at $1 billion.	Town press release ↗ GlobeNewswire release ↗
Jun 3, 2026	Series A	$55 million	Andreessen Horowitz and Forerunner Ventures	Town press release ↗

Why Investors Backed Town

Town sells an AI work assistant to businesses, with one assistant for each employee. The assistants connect to a person's email, calendar and apps, and they also work with each other. Town raised a $108 million Series B in October 2026 at a $1 billion valuation. Forerunner Ventures and Menlo Ventures co-led the round.

The problem it targets

Town's case is that AI has made each person faster alone, but most work depends on other people. Work slows while people wait on a model from finance, app access from an ops lead or input from field sales. In Town's view, a personal assistant knows its user but cannot work with the team. A team bot sees shared channels but not anyone's inbox, so it does not know any one person.

What the product does

A Townie shares only what its person would share and asks permission when needed. It brings back the decisions that need a human eye. Teams can turn on shared workflows. In Town's example, a business operations team adds fields to competitor battle cards. From then on, every sales rep's Townie preps calls with the new analysis. Each company owns the context its Townies build. By default, nothing a customer connects trains a model. Town uses the model it judges best for each task, so customers are not locked into one lab.

Progress so far

Town launched publicly in June 2026 with a $55 million Series A. Annual recurring revenue reached seven figures within weeks. Since July, paying customers have grown fourfold and paying teams have grown ninefold. Town has also launched a public library of routines and a trust center for its security documents.

Who backs it

Existing investors a16z and First Round Capital joined the Series B, along with Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures and Sparked Ventures. Town has raised $181 million in total. Shawn Carolan, a partner at Menlo Ventures, noted that Menlo backed Siri in 2008. He said Town has "wisely chosen business over pleasure." The founders, Greze and Vincent, worked together at Dropbox. At Plaid, Greze led EPD from $10 million to more than $300 million in ARR. Vincent co-founded Aspen, which Google acquired, and Sold, which Dropbox acquired.

How the market is moving

Greze's view is that more people are trusting AI assistants with real tasks, and that work is where they need the most help. Town's release describes personal AI assistants as handling the edges of life, such as dinner reservations, flight changes and subscription cancellations. Town aims its assistant at the workday instead.

We wrote this summary from public statements by Town and its investors. It is not investment advice.