Index Ventures knocked out of leading Town's round over conflicts; AI startup raising $90M at $1B
annatonger · x · 2026-09-04
Per an Upstarts Media scoop, concerns from shareholder Instinct over conflicts pushed Index Ventures out of leading AI assistant startup Town's new round. Sources say Town is moving ahead with a $90M raise at a $1B valuation, co-led by two other firms.
More from Venture
- Gimlet Labs raises $300M at $3B valuation to split AI workloads across chip types — dinabass · 2026-09-04
- Bitcoin Miner Ditches Site for AI Deal That Could Top $1.2 Billion — beingmodest · 2026-09-04
- Nvidia crushes quarter and buys Hugging Face; Cognition raises at $46BN, Linear $2.5BN — IanAndrewsDC · 2026-09-04
- AI agent churns out magazine spreads for $0.50 vs $2,500 — sell them at $500 a pop — NathanWilbanks_ · 2026-09-04
- Retail investors weigh options for OpenAI exposure as company quietly files S-1 for IPO — dudeJohnDoe · 2026-09-04
- Wispr Flow hits $8.3M MRR with a 250-creator short-video growth network — FinanceYF5 · 2026-09-04