# Towns Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/towns-protocol

- Industry: Internet
- Headquarters: New York, US
- Website: www.towns.com
- Total disclosed funding: $36M
- Latest round: Series B (Apr 11, 2025)
- Investors on record: 7

## About

Founded in 2002 and based in the US, Towns is a decentralized chat protocol for online communities. The company is a project created by Here Not There Labs. In April 2025, Towns Protocol raised USD 10 million in series B funding led by returning investor Andreessen Horowitz, with participation from another returning investor Benchmark. New investor Coinbase Ventures also participated in the round. Towns offers a Web3 Social platform that specializes in permissionless group chat solutions designed to facilitate the creation and management of digital communities. The core offering allows users to build their town app, a virtual space where individuals can gather, communicate, and share information without restrictive barriers. This product caters to various use cases, including social networking, community engagement, and collaboration among users with shared interests. The firm offers a group chat protocol and app designed for online communities that serve a diverse customer base that includes individuals, organizations, and businesses. The company plans to utilize the April 2025 funding to drive product development, expand its user base, and enhance its blockchain infrastructure.

## Funding rounds

- Series B, Apr 11, 2025, $10M — Benchmark, Union Square Ventures, Andreessen Horowitz, Kindred Ventures, Coinbase Ventures, Seed Club Ventures
- Series A, Feb 23, 2023, $26M — Benchmark, Andreessen Horowitz, Framework Ventures

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series B
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Series B
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Series B
- Seed Club Ventures (https://capitalatlas.ai/funds/seed-club-ventures) — Series B