# Town revenue, valuation & funding

Markdown copy of https://realalpha.app/companies/town/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Town was valued at $1B in its $108M Series B in October 2026. It says it reached seven figures in annual recurring revenue within weeks of its June 2026 launch. It's private, has no ticker and hasn't stated an IPO plan.

Checked Nov 8, 2026

## At a glance

- Valuation: $1B at its $108M Series B, in October 2026.
- Revenue: seven figures in annual recurring revenue within weeks of its June 2026 launch, the company says. Town publishes no audited results.
- Status: private. No stock ticker and no stated IPO plan.
- Founded: 2024, by Jean-Denis Greze and Tony Vincent.
- CEO: [Jean-Denis Greze](https://realalpha.app/builders/jean-denis-greze/).
- Investors: Forerunner Ventures, Menlo Ventures, a16z and First Round Capital, among others.
- Products: Townies, AI assistants for work, now set up for teams as well as individuals.
- Headquarters: San Francisco, with an office in New York.
- On Real Alpha: 8 moments of its people talking, from 1 interviews

## Is Town public? Can you buy its stock?

No. Town is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol.

Its executives haven't stated a plan to go public, and no filing has been reported.

Its shares are held by its founders, staff and investors. [Town says](https://www.town.com/careers) it has raised $181M to date, most recently a $108M Series B. This page reports facts and gives no investment advice.

## Valuation, round by round

Town has disclosed one valuation, $1B, set at its $108M Series B in October 2026.

- Oct 2026 · $1B · $108M · Forerunner Ventures and Menlo Ventures · [Town's blog](https://www.town.com/operate-at-the-speed-of-ai)
- Jun 2026 · — · $55M · a16z · [Town's blog](https://www.town.com/press/series-a)
- Mar 2025 · — · $18M · First Round Capital · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)

No valuation was disclosed for the seed round or the Series A.

## How Town makes money

Town sells subscriptions to people and to businesses. [Sacra describes](https://sacra.com/c/town/) a credit-based layer for usage on top of those plans.

- **Free plan.** A permanent free plan needs no credit card and includes 30 chat messages a month. · [Town's pricing page](https://www.town.com/pricing)
- **Individual plans.** Starter costs $15 a month, Pro $49, Power $99 and Power Plus $199. · [Town's pricing page](https://www.town.com/pricing)
- **Teams and Enterprise.** Team plans sit above the individual ones. Enterprise is priced at custom rates. · [Town's pricing page](https://www.town.com/pricing)

From Town's interviews

- [Agents should answer to users, not advertisers](https://realalpha.app/s/agents-should-answer-to-users-not-advertisers/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026
- [Town earns access to company systems in stages](https://realalpha.app/s/town-earns-access-to-company-systems-in-stages/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026

## Products

Town started as tax software for small businesses. By mid-2026 it had widened into a general assistant, with tax one capability among many, [Tech Times reported](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm).

- **Townie** (June 2026). An AI work assistant. Town launched it publicly alongside its Series A. · [The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)
- **Townies for teams** (October 2026). Assistants can ask each other questions and hand off work. · [The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)

From Town's interviews

- [A nearly $1M tax business still wasn’t venture scale](https://realalpha.app/s/a-nearly-1m-tax-business-still-wasnt-venture-scale/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026
- [AI can make custom software scale better than FDEs](https://realalpha.app/s/ai-can-make-custom-software-scale-better-than-fdes/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026

## Users and customers

In June 2026 Town said it was approaching 10,000 users. It said 99 percent of those who built at least one custom automation stayed for two months ([Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)).

In October 2026 it said [thousands of businesses](https://www.town.com/operate-at-the-speed-of-ai) rely on Townies every day. It also said paying customers grew fourfold and paying teams ninefold since July ([The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)). It hasn't given counts for either.

From Town's interviews

- [A $1 monthly routine can save a restaurant thousands](https://realalpha.app/s/a-1-monthly-routine-can-save-a-restaurant-thousands/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026
- [AI adoption depends on showing people what to automate](https://realalpha.app/s/ai-adoption-depends-on-showing-people-what-to-automate/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026

## Leadership

- **[Jean-Denis Greze](https://realalpha.app/builders/jean-denis-greze/),** co-founder and CEO. He was previously CTO of Plaid. · [GlobeNewswire (via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/town-raises-108m-series-b-130000014.html)
- **Tony Vincent,** co-founder and chief product officer. He was previously an applied-AI director at Google. · [FinTech Futures](https://www.fintechfutures.com/regtech/us-tax-start-up-town-launches-with-18m-seed-round-led-by-first-round-capital)
- **Alex Rampell,** board member and general partner at Andreessen Horowitz. · [Town's blog](https://www.town.com/press/series-a)

From Town's interviews

- [Great user experience should come before enterprise controls](https://realalpha.app/s/great-user-experience-should-come-before-enterprise-controls/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026

## Who owns Town?

Its founders, staff and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed.

- **Forerunner Ventures and Menlo Ventures** co-led the $108M Series B in October 2026. · [Town's blog](https://www.town.com/operate-at-the-speed-of-ai)
- **a16z** led the $55M Series A in June 2026, with Forerunner Ventures, Alt Capital and Conviction taking part. · [Town's blog](https://www.town.com/press/series-a)
- **First Round Capital** led the $18M seed round in March 2025. · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)
- **Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures and Sparked Ventures** joined the Series B, along with angels. · [Town's blog](https://www.town.com/operate-at-the-speed-of-ai)

## Competitors

Jean-Denis Greze says Town sends work to the best available model and lets customers own their business context.

- **[Google](https://realalpha.app/companies/#google-deepmind),** with Gemini, which has deeper native access to email and calendar data. · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)
- **[Microsoft](https://realalpha.app/companies/#microsoft),** with Copilot, which ships inside the suites users already pay for. · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)
- **[OpenAI](https://realalpha.app/companies/openai/) and [Anthropic](https://realalpha.app/companies/anthropic/),** with general-purpose assistants built on stronger base models, according to Tech Times. · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)

What its people said about the competition

- [Town competes with AI labs through neutral models and portable data](https://realalpha.app/s/town-competes-with-ai-labs-through-neutral-models-and/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026

## Timeline and latest news

- Oct 19, 2026 · Announced a $108M Series B at a $1B valuation, co-led by Forerunner Ventures and Menlo Ventures. · [Town's blog](https://www.town.com/operate-at-the-speed-of-ai)
- Oct 19, 2026 · Extended Townies from individuals to teams, so assistants can hand off work. · [The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)
- Oct 19, 2026 · Said thousands of businesses rely on Townies every day. · [Town's blog](https://www.town.com/operate-at-the-speed-of-ai)
- Oct 19, 2026 · Said paying customers had grown fourfold and paying teams ninefold since July. · [The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)
- Oct 19, 2026 · Said it reached seven figures in annual recurring revenue within weeks of launch. · [The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)
- Oct 2026 · Said it had raised $181M to date. · [Town's careers page](https://www.town.com/careers)
- Jun 6, 2026 · Said it was approaching 10,000 users. · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)
- Jun 3, 2026 · Raised a $55M Series A led by a16z. · [Town's blog](https://www.town.com/press/series-a)
- Jun 2026 · Launched publicly with Townie, its AI work assistant. · [The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)
- Jun 2026 · Had widened from small-business tax software into a general assistant. · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)
- Mar 2025 · Raised an $18M seed round led by First Round Capital. · [Tech Times](https://www.techtimes.com/articles/317916/20260606/personal-ai-assistant-startup-town-raises-55-million-andreessen-horowitz.htm)

## In their own words, and what followed

- [Town earns access to company systems in stages](https://realalpha.app/s/town-earns-access-to-company-systems-in-stages/) · Jean-Denis Greze · a16z Podcast · Oct 19, 2026
  > “simply by connecting their email and their calendar.”
  Reported after · The next day, Tech Funding News reported that Town's paying teams had grown ninefold since July, the company says. · [Tech Funding News](https://techfundingnews.com/town-raises-108m-at-1b-valuation-as-ai-assistants-learn-to-work-across-teams/)

- [Agent usefulness depends on wallet reach](https://realalpha.app/s/agent-usefulness-depends-on-wallet-reach/) · Terry Angelos · a16z Podcast · Oct 15, 2026
  > “what's happened with the rise of Muse and Instinct and Town and other AI agents”
  Reported after · Four days later, Town announced a $108M Series B at a $1B valuation. · [Town's blog](https://www.town.com/operate-at-the-speed-of-ai)

## What others say about Town

- [Muse turns personal goals into ongoing projects](https://realalpha.app/s/muse-turns-personal-goals-into-ongoing-projects/) · Mark Zuckerberg · Sources · Sep 8, 2026
  > “whether it's GrokBot, Town, Instinct.”
- [Agent usefulness depends on wallet reach](https://realalpha.app/s/agent-usefulness-depends-on-wallet-reach/) · Terry Angelos · a16z Podcast · Oct 15, 2026
  > “once they have access to payment credentials, their utility increases.”

## Questions people ask

### Is Town a public company? Can I buy Town stock?

No. Town is private and has no ticker, so its shares aren't sold on any exchange.

### When will Town IPO?

Town hasn't stated a plan to go public, and no filing has been reported.

### Who owns Town?

Its founders, staff and investors, including Forerunner Ventures, Menlo Ventures, a16z and First Round Capital. Stakes haven't been disclosed.

### Who is the CEO of Town?

[Jean-Denis Greze](https://realalpha.app/builders/jean-denis-greze/), its co-founder. He was previously CTO of Plaid.

### Who founded Town?

Jean-Denis Greze and Tony Vincent, in 2024, according to [FinTech Futures](https://www.fintechfutures.com/regtech/us-tax-start-up-town-launches-with-18m-seed-round-led-by-first-round-capital).

### How much is Town worth?

$1B at its $108M Series B in October 2026, according to [Menlo Ventures](https://menlovc.com/perspective/talk-of-the-town-menlo-is-co-leading-towns-108m-series-b/).

### How much revenue does Town make?

It says it reached seven figures in annual recurring revenue within weeks of its June 2026 launch ([The Next Web](https://thenextweb.com/news/town-108m-series-b-1b-valuation-ai-assistants)). It publishes no audited results.

### How does Town make money?

Subscriptions. Individual plans run from free to $199 a month, with team plans and Enterprise above them ([Town](https://www.town.com/pricing)).

### How many people use Town?

It said it was approaching 10,000 users in June 2026. In October it said thousands of businesses use Townies every day.

### Who are Town's competitors?

Google's Gemini and Microsoft's Copilot, plus general-purpose assistants from OpenAI and Anthropic.

## Every moment from Town's people

### Why a $1M Startup Wasn’t Worth Building in the Age of AI
a16z Podcast · Oct 19, 2026

- [A nearly $1M tax business still wasn’t venture scale](https://realalpha.app/s/a-nearly-1m-tax-business-still-wasnt-venture-scale/) · 7 min
- [A $1 monthly routine can save a restaurant thousands](https://realalpha.app/s/a-1-monthly-routine-can-save-a-restaurant-thousands/) · 3 min
- [AI can make custom software scale better than FDEs](https://realalpha.app/s/ai-can-make-custom-software-scale-better-than-fdes/) · 5 min
- [Town competes with AI labs through neutral models and portable data](https://realalpha.app/s/town-competes-with-ai-labs-through-neutral-models-and/) · 8 min
- [Agents should answer to users, not advertisers](https://realalpha.app/s/agents-should-answer-to-users-not-advertisers/) · 7 min
- [Town earns access to company systems in stages](https://realalpha.app/s/town-earns-access-to-company-systems-in-stages/) · 3 min
- [AI adoption depends on showing people what to automate](https://realalpha.app/s/ai-adoption-depends-on-showing-people-what-to-automate/) · 3 min
- [Great user experience should come before enterprise controls](https://realalpha.app/s/great-user-experience-should-come-before-enterprise-controls/) · 3 min

## People on Real Alpha

- [Jean-Denis Greze](https://realalpha.app/builders/jean-denis-greze/), Co-founder & CEO, Town

## How this page is sourced

Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it.