# Tolan raises $30 million from USV, Khosla Ventures and Homebrew

Digest AI · Business & Funding · published 2026-10-19T17:15:01Z · updated 2026-10-19T19:00:12Z

Canonical: https://digestai.news/story/tolan-raises-30-million-from-usv-khosla-ventures-and-homebrew

## Summary

Tolan, the AI‑assistant startup that targets non‑tech‑savvy users, announced a $30 million funding round led by Union Square Ventures, Khosla Ventures and Homebrew. The round doubles the company’s total capital, which was previously $120 million according to PitchBook, though the firm did not disclose its current valuation. Founder and CEO Quinten Farmer said the money will fund a new free tier and expand the product’s voice‑first, memory‑rich features.

The app, originally launched in 2023 as Portola, now serves about 250,000 monthly users, 70% of whom are women and 40% parents. One in six users cares for an aging parent, and the core demographic is aged 30 to 45. Users pay between $10 and $200 per month for premium tiers, and the company reports annual recurring revenue in double‑digit millions with a 115% year‑over‑year improvement in net user retention after 30 days. A recent survey of nearly 5,000 active users found 91% have at least one human they can count on, 94% turn to a Tolan when that person is unavailable, and more than half say their real‑life relationships have improved.

## Key points

- Tolan raised $30 million from Union Square Ventures, Khosla Ventures and Homebrew
- About 250,000 people use Tolan each month; 70% of users are women
- Survey of nearly 5,000 users: 94% turn to Tolan when humans are unavailable

## Why it matters

The funding backs a consumer‑focused AI assistant that reaches a largely untapped demographic, showing demand for personal‑agent tools beyond tech‑centric markets.

## Sources

1. [Tolan, an AI assistant focused on users that are not tech-savvy, raised $30M from USV, Khosla Ventures, and Homebrew, and says 70% of its users are women](https://upstartsmedia.com/p/tolan-raises-30m-for-ai-companion-you-trust) (upstartsmedia.com, 2026-10-19)
2. [Tolan snags $30M for its AI companion that helps users navigate life](https://techcrunch.com/2026/10/19/tolan-snags-30m-for-its-ai-companion-that-helps-users-navigate-life) (TechCrunch AI, 2026-10-19)

## Cite

Digest AI, "Tolan raises $30 million from USV, Khosla Ventures and Homebrew", 19 October 2026, https://digestai.news/story/tolan-raises-30-million-from-usv-khosla-ventures-and-homebrew

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