Tolan raises $30m as its AI companion takes on everyday tasks
Union Square Ventures led the financing, with Khosla Ventures and Homebrew, as Tolan expands practical assistance and access to its app.
Tolan has raised $30 million in new financing led by Union Square Ventures, with Khosla Ventures and Homebrew participating. The investment doubles its total funding to $60 million. The company did not disclose a valuation or a named venture stage.
The startup plans to expand what its companion can do and introduce a free tier. Its app has evolved from conversational journaling toward practical help with family coordination, meal planning and personal projects, putting ongoing conversation at the centre of how users ask for assistance.
Tolan told Upstarts Media that annual recurring revenue is in the double-digit millions. As it broadens access, it must support the computing costs of longer conversations while maintaining a subscription business.
Use of funds
Expand AI companion capabilities and access through a free tier