Tolan raises $30 million for its AI life companion
Original title: Tolan snags $30M for its AI companion that helps users navigate life
Union Square Ventures, Khosla and Homebrew backed the round; Tolan claims more than 250,000 active users.
Tolan, an AI companion app that helps users manage daily tasks, relationships and goals, raised another $30 million, doubling total capital raised. Investors include Union Square Ventures, Khosla Ventures and Homebrew. The company did not disclose a new valuation; PitchBook estimates more than $268 million with medium confidence. Tolan told Upstarts Media that annual recurring revenue is in the double-digit millions and that users have had more than 70 million conversations over the past year.
Unconfirmed: Tolan did not disclose its new valuation; PitchBook’s figure above $268 million is a medium-confidence estimate.
- About 70% of users are women and 40% are parents, the team told Upstarts Media.
- Full features require a paid tiered membership.
- PitchBook’s valuation figure is an estimate, not a company disclosure.
- The story contrasts Tolan with Friend and Character.ai’s bankruptcy.
- Vendors
- Tolan
- Organizations
- Union Square VenturesKhosla VenturesHomebrew
From the original article
2 min read at techcrunch.com
AI companion app Tolan has raised another $30 million after attracting more than 250,000 active users.
By Sarah Perez · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.