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Tolan

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AI companion app offering personalized animated alien characters for conversation, emotional support and everyday guidance

San Francisco, United StatesFounded 2023Consumer Services
Valuation $50–100M Last recorded · 2025
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Tolan and the history behind them.

About Tolan

Tolan is an AI-powered mobile application that functions as a virtual companionship platform, featuring animated alien characters from the fictional Planet Portola. Developed by Portola, a San Francisco-based startup, the app launched in February 2025 for iOS devices. Portola, the parent company, was co-founded in 2024 by CEO Quinten Farmer, CTO Evan Goldschmidt, and President Ajay Mehta. Farmer was previously the co-founder of the fintech firm Even, which was acquired by Walmart in 2022. Goldschmidt is a former senior software engineer at Google, and Mehta is a serial entrepreneur who founded companies like Birthdate Co. and Therapy Notebooks. The Tolan app provides users with a personalized AI companion after an initial personality assessment, enabling open-ended, voice-native conversations on topics ranging from daily advice to emotional support. The platform's objective is to enhance users' feelings of agency, self-confidence, and relational stability by providing a non-judgmental and adaptive friend. Its core features include 3D animations and adaptive learning, where the AI companion evolves based on user interactions. The service is designed to address feelings of overwhelm rather than loneliness, with a focus on helping users feel more grounded and connected to the people in their real lives. The company operates on a direct-to-consumer, subscription-based business model. Users can choose from weekly, monthly, or annual subscription plans to access the service. Since its launch, Tolan has surpassed 3 million downloads and 100,000 paid subscribers, generating over $1 million in monthly revenue. The company secured a $10 million seed round in February 2025 and a $20 million Series A round in July 2025, led by Khosla Ventures. Notable investors include Nat Friedman (former GitHub CEO) and Mike Krieger (Instagram co-founder). Keywords: AI companion, virtual friend, emotional support, mental wellness, conversational AI, adaptive learning, mobile application, subscription model, Portola, Quinten Farmer, Evan Goldschmidt, Ajay Mehta, voice-native interaction, 3D animation, personal growth, creative collaboration, daily companionship, alien character, chatbot, mental health.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2023
Headquarters
San Francisco, United States
Employees
42
Open positions
None listed
Dealroom signal
90.0/100
Industry
Media, Home Living
Sector
Consumer Services, Conversational AI, Core AI, Generative AI, genAI Applications
Technology
Artificial Intelligence, Mobile app
Business model
SaaS
Client focus
b2c

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Jul 2025 $20M $80M Khosla Ventures ↗
SEED✓Equity / VC Feb 2025 $10M $40M Amjad Masad · David Luan · Nat Friedman · Daniel Gross ↗
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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025 —
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Growth signals

Tolan website traffic

Latest recorded traffic for Tolan is 61K monthly website visits, down 27.4% over the last three months. Tolan's team grew 200% over the past year.

Latest monthly visits61K 3-month web change-27.4% 1-year team growth+200%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed6 investors entered at this stage

Series A1 investor entered at this stage

Other known investors3 additional known investors

Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States95.1%
🇨🇦 Canada4.9%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tolan on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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