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Town announced on October 19, 2026 that it had completed a $108 million Series B funding round at a valuation of $1 billion. According to Unite.AI, the round was co-led by Forerunner Ventures and Menlo Ventures, with participation from existing investors including a16z and First Round Capital. The report also noted that 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 authorization scope of their respective users. The company said that since July 2026 its paid customers have grown 4x and paid teams 9x, and that it supports more than 60 integrations. Currently, this event has only this single piece of factual evidence, with no subsequent developments yet.
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Town Completes $108 Million Series B Funding, Valued at $1 BillionDevelopments
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Oct 20
Unite.AI
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.