Town Raises $108 Million in Series B at $1 Billion Valuation

Town’s $108 million Series B financing values the San Francisco workplace AI company at $1 billion as it expands assistants that help employees coordinate work across teams. Forerunner Ventures and Menlo Ventures co-led the round. Andreessen Horowitz, First Round Capital, Serena Ventures, Better Tomorrow Ventures, Precedent.vc, Scribble Ventures and Sparked Ventures also invested. Town’s total funding now stands at at least $160 million. The company raised $55 million in a Series A that coincided with its public debut in June. Town is a two-year-old startup developing AI assistants for workplace tasks.

Source: TokenPost