Town raises $108M Series B at $1B valuation

Town, a startup building AI assistants for small and mid-market businesses, closed a $108 million Series B on October 19 at a $1 billion valuation. The round was co-led by Forerunner Ventures and Menlo Ventures. Its main plan costs $50 a month.

• $108M Series B at a $1B valuation
• Round co-led by Forerunner Ventures and Menlo Ventures
• Main Townie plan costs $50 per month for businesses
• CEO Jean-Denis Greze was previously CTO of Plaid