Town Lands $108M Series B as Valuation Hits $1B for Collaborative AI Assistants

Town, the company behind an AI work assistant it calls a Townie, announced a $108 million Series B on October 19, 2026, co-led by Forerunner Ventures and Menlo Ventures at a $1 billion valuation. Series B Terms and Investors Town’s announcement, datelined San Francisco and published October 19, 2026, was authored by co-founders Tony Vincent and Jean-Denis Greze. Beyond co-leads Forerunner Ventures and Menlo Ventures, existing investors a16z and First Round Capital participated, along with…

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