Four-Month-Old Startup Town Now Worth Over $1 Billion After $108M Raise

Town, a San Francisco company, raised $108 million in a second funding round on October 19, 2026. The deal, jointly led by Forerunner Ventures and Menlo Ventures, values Town at over $1 billion four months after opening to the public. It has raised at least $160 million total. Town makes helpers called Townies that manage email, calendars and workplace software.