Tolan Raises $30 Million as AI Companion Tops 250,000 Active Users

Tolan raised $30 million in a round that doubled its total funding. Its AI companion app has more than 250,000 active users and has logged more than 70 million conversations over the past year. Union Square Ventures, Khosla Ventures and Homebrew participated in the latest round. The financing brings Tolan’s total raised to twice the amount it had secured before the deal. Tolan’s annual recurring revenue is in the double-digit millions of dollars. The company offers paid memberships in tiers, with a subscription required for access to the app’s full feature set. Users interact with a customizable character to discuss personal concerns and organize daily tasks. About 70% of Tolan’s users are women, and 40% are parents.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.