Towns Protocol raised $25 M in a Series A round on 2023-02-22.

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According to media reports, Towns Protocol raised $25 M in a Series A round on 2023-02-22.the investors in this funding round include Andreessen Horowitz,Framework Ventures,Credibly Neutral,Benchmark and others. Following this round, Towns Protocol's total funding reached $38 M.
Towns Protocol is a protocol for building decentralized real-time messaging apps. It consists of an EVM-compatible L2 chain, decentralized off-chain stream nodes, and smart contracts that are deployed on Base. Towns Protocol allows people to create programmable communication use cases, referred to as “Spaces,” in a permissionless manner. These Spaces are ownable, feature on-chain subscriptions (”Memberships”), extendable reputation system, and end-to-end message encryption.

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TOWNS Fundraising History
RoundAmountValuationTimeInvestor(s)
Series A$25 M--2023-02-22Andreessen Horowitz,Framework Ventures,Credibly Neutral,Benchmark
Key Milestones
  • 2025-08-05
    Towns Protocol announces the opening of airdrop qualification checks
  • 2025-06-09
    Towns Protocol raised $ 3.3 M in funding round
  • 2025-04-11
    Towns Protocol raised $ 10 M in Series B round
  • 2024-12-24
    River Protocol is now rebranded into Towns Protocol
  • 2023-02-23
    Towns Protocol raised $ 25.5 M in Series A round
24-Hour High
$0.03165
24-Hour Volume
$2.46M
All-Time High
$0.06597
All-Time Low
$0.02848
Market Cap / FDV
20.83%
FDV
$476.69M
24-Hour Low
$0.03031
Market Cap
$314.98M
Circulating Supply
2.10B TOWNS
Total Supply
10.12B TOWNS
Max Supply
15.32B TOWNS
Market Sentiment
Negative
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