Tolan Raises $30 Million for AI Companion App

Oct 19, 2026
Tolan raised $30 million from investors including Union Square Ventures, Khosla Ventures and Homebrew. The company says its app has more than 250,000 active users and annual recurring revenue in the double digit millions.

Tolan raised $30 million from investors including Union Square Ventures, Khosla Ventures and Homebrew, TechCrunch reports. The round doubles the total the AI companion startup has raised, according to Upstarts Media.

Tolan offers a cartoon character that helps users manage daily tasks, relationships, emotions and personal goals. Full access requires a paid membership, and the company says annual recurring revenue is in the double digit millions.

The company reports more than 250,000 active users and over 70 million conversations during the past year. Women account for about 70% of users, while parents account for 40%.

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