Town Raises $108M Series B at $1B-Plus Valuation Four Months After Launch

Town, based in San Francisco, announced a $108 million Series B on October 19, 2026. The round, co-led by Forerunner Ventures and Menlo Ventures, values the company above $1 billion — unicorn status — four months after public launch. Total funding is at least $160 million. Town builds AI assistants called Townies that connect to email, calendars and work systems.