Talk of the Town: Menlo Is Co-Leading Town’s $108M Series B

Menlo Ventures says it has gone all in on Town. Over the last five months, the firm says its team roughly doubled in size, thanks to a new kind of hire: “Townies” that cost less than $100 a month, need no desks, and work around the clock. Menlo put the whole firm on Town in June, and says those assistants have been handling inboxes at 6 a.m., drafting briefings before anyone logs on, and chasing follow-ups on weekends.

That enthusiasm now comes with a check. Menlo is co-leading Town’s $108 million Series B at a $1 billion valuation, alongside Forerunner, with participation from a16z and First Round. The money is only part of the story here. The bigger pitch is that Town doesn’t wait for users to teach it how they work. Menlo says it had already read calendars and inboxes, started suggesting tasks, and drafted messages that sounded like the team before anyone typed a prompt.

The company is pushing hard at the most obvious place to start: work itself. Menlo points to the amount of time knowledge workers spend on email, chat, and text, and argues that much of it is repetitive support work rather than the actual job. Town’s pitch is to sit inside the inbox, write drafts instead of sending them by default, and earn trust rather than demand it. That matters when the software is touching the place people least want to hand over to a black box.

Town is also trying to move beyond one person’s helper. Menlo says a Townie can ask another Townie for help without either person stepping in, and multiple Townies can compare calendars and agree on a meeting time on their own. The company has more than 60 integrations across tools like Salesforce, Jira, GitHub, QuickBooks, and Stripe. Menlo’s view is simple: the product is becoming a work layer, not just a smarter inbox.

The post leans hard on the founders too. Jean-Denis Greze and Tony Vincent worked together at Dropbox, then went on to senior roles at Plaid, Google, and beyond. Menlo clearly thinks the mix of infrastructure chops and product restraint is the point. In a market full of assistants that promise everything and finish little, Town is being sold as the rare one that actually starts doing the work.