# Index reportedly withdrew planned investment in Town over conflict concerns

_Thursday, September 3, 2026 at 7:10 PM EDT · Capital, AI · Latest · Tier 2 — Notable_

Upstarts Media reported that Index Ventures dropped plans to invest in AI assistant company Town after Instinct, another Index-backed company, raised a potential conflict-of-interest concern. The report describes Town as raising $90 million at a $1 billion valuation and says the planned investment changed its cap-table arrangements at the last minute. The supplied summary does not identify the final investors or confirm the funding's completion.

## Sources

- [Techmeme](https://www.techmeme.com/260903/p47#a260903p47)

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Retrieved: 2026-09-04T05:48:12.219Z
Publisher: Tech & Business (techandbusiness.org)