Market maps/ 01

Town

Independent · San Francisco, CA

Personal assistants

Personal assistant with shared memory across web, email, Slack and phone. It handles connected email, calendar, documents, recurring routines and browser tasks, with permissions controlling which actions it may take.

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Post-money valuation
$1BRumored
Upstarts Media ↗ · Sep 3, 2026

The $1B is the latest reported valuation: Upstarts Media reported on September 3, 2026 that Town is raising a $90M Series B at a $1B valuation, co-led by Forerunner Ventures and Menlo Ventures, with a16z and First Round participating (Newcomer reported talks near $1B on August 28). Town has not announced the round as of September 28, 2026, and the report does not say whether $1B is pre- or post-money. Total funding of $163M counts the $18M seed led by First Round Capital (March 2025, when Town launched as a small-business tax service), the $55M Series A (June 3, 2026) and that $90M Series B; confirmed funding is $73M. The Series A did not disclose a valuation.

Why this figure?

Reported as under discussion; not confirmed by the company.

It is the price reported for a round still being negotiated, so it may change or never close. On the map, bubble area is proportional to it.

Last round
Series A · $55MJun 3, 2026Reported · Town ↗
Total funding
$163MCumulative figure · Rumored · Upstarts Media ↗

Capability scores · out of 100

Autonomy78
Context breadth78
Distribution48
Scoring noteRecurring routines and cross-tool tasks can run in the background, with email, Slack and phone access. Existing editorial score retained.

Company context

Founded 2024.

Public product; September updates include voice, presentations, maps and agent-to-agent coordination.

Round investors

Andreessen Horowitz · leadForerunner VenturesFirst RoundAlt CapitalConviction

Coverage & sources

Town updates: voice, presentations, maps and coordinationTown · Sep 10, 2026Scoop: Conflict with Instinct knocks Index out of Town's buzzy new raiseUpstarts Media · Sep 3, 2026Town nears $1 billion valuation amid personal assistant investor frenzyNewcomer · Aug 28, 2026Town announces $55M Series ATown · Jun 3, 2026a16z and Forerunner are betting $55 million on Town's deeply personal AI assistantsFortune · Jun 3, 2026Town secures $18M to revolutionise tax support for small businessesFinTech Global · Mar 17, 2025
Verification log · 1 check

Pages an editor visited to confirm facts on this profile. These are evidence, not news.

Last checked in dataset · Sep 28, 2026

Figures are compiled from public reporting and may be inaccurate or out of date. Educational use only; not investment advice.