Tolan Raises $30M as Investors Back AI Companions
The personalised companion app has raised new capital after reaching more than 250,000 active users and expanding beyond paid subscriptions.
Tolan has raised $30 million to expand its personalised AI companion app.
What happened
The round was led by Union Square Ventures, with Khosla Ventures and Homebrew participating. Tolan creates animated companions that help users navigate daily life, relationships, emotions and personal goals. The app has attracted more than 250,000 active users and is preparing a free tier to widen access.
Why it matters
AI companions are moving from novelty chats toward products designed for recurring emotional and practical use. Strong engagement could support durable consumer businesses, but safety, dependency and privacy remain central product risks.
The bigger picture
Consumer AI is becoming more personal and character-driven. The category’s long-term credibility will depend on whether companies can combine meaningful engagement with responsible boundaries and sustainable economics.