- Companies
- Town
Last Town valuation
$1B
Series B · Oct 2026
Last Town funding round
$108M
Series B · Oct 2026
Cumulative funding Town raised
$181M
across 3 funding rounds
Key investors in Town
First Round Capital
Andreessen Horowitz
Forerunner
Menlo Ventures
Scott Belsky
Better Tomorrow Ventures
About Town
Town is a fintech platform offering tax compliance tools for U.S. small businesses, automating sales tax calculations, filings, and remittances across 50 states. Headquartered in New York City, it integrates with e-commerce platforms like Shopify and QuickBooks, processing over $10 billion in transactions annually. The service connects to 13,000 jurisdictions via APIs from Avalara and Vertex.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Oct 2026)
Town Valuation
Town is currently valued at $1B, based on its Series B in October 2026. Read the announcement ↗
The $108M round was led by Forerunner and Menlo Ventures, with participation from Better Tomorrow Ventures, First Round Capital, Brendan Foody, Precedent.vc, Josh Silverman and 5 other investors.
Town valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2026 | Series B | $1B |
Town Funding History
Town has raised a total of $181M across 3 funding rounds.
Town's first fundraising round was a $18M seed round in March 2025. The most recent completed round was a $108M Series B in October 2026.
Town funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Series B | Forerunner (lead); Menlo Ventures (lead); Better Tomorrow Ventures; First Round Capital; Brendan Foody; Precedent.vc; Josh Silverman; Andreessen Horowitz; Romain Huet; Serena Ventures; Sparked Ventures; Scott Belsky | $108M | $1B | Town, the San Francisco startup that gives each worker an AI assistant, announced a USD 108 million Series B on 19 October 2026 at a valuation of USD 1 billion. The round was co-led by Forerunner Ventures and Menlo Ventures, with continued participation from Andreessen Horowitz and First Round Capital, as well as Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures, Sparked Ventures and angels including Brendan Foody, Josh Silverman, Romain Huet, Scott Belsky, Steve Bartel, Taro Fukuyama and Varun Anand. The company said the biggest bottleneck at work is people waiting on each other, and it is building multiplayer assistants that coordinate across a whole team. The financing came about four months after Town announced a USD 55 million Series A in June, and the company has raised at least USD 160 million to date. Town was founded by former Plaid chief technology officer Jean-Denis Greze, and its product gives each employee an assistant called a Townie that connects to tools such as email and calendars. It targets businesses and is described as a two-year-old startup headquartered in San Francisco. |
| Jun 2026 | Series A | Andreessen Horowitz (lead); Conviction; First Round Capital; Forerunner; Alt Capital | $55M | - | Town raised an $18 million seed round led by First Round Capital, with participation from Conviction, Alt Capital, Mischief, WndrCo, and angel investors. The company launched with the financing and is positioned as a US tax start-up focused on SME tax solutions. The round gives Town early backing from a mix of venture firms and angels, suggesting the company is still in an early build-and-market-entry phase rather than a mature operating business. No deal structure beyond the seed equity financing is indicated in the available information. Town is described as a US-based start-up specializing in small and medium-sized enterprise tax solutions. |
| Mar 2025 | Seed | First Round Capital (lead) | $18M | - | Town is a US-based tax startup founded in 2024 by CEO Jean-Denis Greze and CPO Tony Vincent, offering an AI-powered platform that provides small and medium-sized businesses (SMBs) with dedicated tax advisors, automated document processing, data collection, regulatory navigation, and integration with accounting systems. The service combines human expertise and AI to deliver proactive, year-round tax compliance, optimization, and flat-fee pricing, aiming to give SMBs the tax advantages typically reserved for large corporations. Key features include direct connections to books, banks, and business systems to prevent last-minute tax stress and maximize savings. In March 2025, Town raised an $18 million seed funding round led by First Round Capital, with participation from Conviction, Alt Capital, Defy, Depth, Mischief, WndrCo, and prominent angels such as Adam D’Angelo, Christina Cacioppo, Helen Min, Immad Akhund, Soleio Cuervo, and William Hockey. The funds are earmarked to accelerate AI-powered tax automation development, expand services, scale go-to-market efforts, grow product and accounting teams, and increase hiring for roles like AI product engineers, front-end engineers, and designers. Launched recently, Town began customer onboarding just two months prior to the funding announcement and has already assisted hundreds of businesses with their FY 2024 taxes. The company has established strategic partnerships with vertical SaaS providers, FinTech platforms, accounting firms, one of the largest SMB bookkeepers in the US, and an SMB-focused bank to embed its tax services into existing financial workflows. |
Who has invested in Town?
14 investors have backed Town across its funding rounds, including First Round Capital, Andreessen Horowitz, Forerunner, Menlo Ventures, Scott Belsky and Better Tomorrow Ventures.
Lead investors include Forerunner, Menlo Ventures, Andreessen Horowitz and First Round Capital.
Town Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2025 | ||
| 2 | Lead | Jun 2026 | ||
| 2 | Lead | Jun 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Lead | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| -- | 1 | Participant | Oct 2026 | |
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| 1 | Participant | Oct 2026 | ||
| -- | 1 | Participant | Oct 2026 | |
This data is available for Pro users. Sign up to see all 14 Town investors. Start Free Trial | ||||
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Start Free TrialTown Competitors
Town competitors include listed companies like 74Software and BlackLine, and private ones like 51 Credit Card Manager, Clara, DataSnipper and FreshBooks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $15M | - | $1B | 66.7x | ||
| Private | - | - | $1B | - | ||
| Private | $45M | - | $1B | 22.2x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $793M | $109M | $1.1B | 1.7x | ||
| Publicly listed | $700M | $72M | $1.5B | 2.2x |
Town Public Comps
Town is still privately-owned, but its public comps include 74Software, Fujian Boss Software, BlackLine, Miroku Jyoho Service, Teamshares, Nordtech Group, Baiwang Cloud, Freee, Avant Group and Zaggle Prepaid Ocean.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $793M | $109M | 1.7x | 1.7x | 12.5x | 8.8x | |||
| $301M | $40M | 2.8x | 2.9x | 21.0x | 21.1x | |||
| $700M | $72M | 2.4x | 2.2x | 23.4x | 7.7x | |||
| $309M | $57M | 1.2x | 1.1x | 6.4x | - | |||
| $472M | ($23M) | 1.3x | 1.0x | (26.7x) | 15.9x | |||
| $72M | $15M | 4.9x | - | 24.1x | - | |||
| $109M | $436K | 2.4x | 2.4x | 593.1x | - | |||
| $268M | $15M | 5.8x | 5.4x | 104.0x | 64.2x | |||
This data is available for Pro users. Sign up to see all Town competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Town
| When was Town founded? | Town was founded in 2024. |
| Where is Town headquartered? | Town is headquartered in San Francisco, CA, United States. |
| Is Town publicly listed? | No, Town is a private, VC-backed company. |
| What is Town's valuation? | Town was last valued at $1B in its Series B in October 2026. |
| How much funding has Town raised? | Town has raised $181M across 3 funding rounds. |
| What was Town's last funding round? | Town's last funding round was a $108M Series B in October 2026, led by Forerunner and Menlo Ventures. |
| Who are Town's investors? | Town's investors include First Round Capital, Forerunner, Andreessen Horowitz, Better Tomorrow Ventures, Conviction, Menlo Ventures, Brendan Foody, Precedent.vc, Josh Silverman, Romain Huet and 4 others. |
| Which companies are comparable to Town? | Companies comparable to Town include 51 Credit Card Manager, Clara, DataSnipper, FreshBooks, 74Software and BlackLine. |
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