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TownSquare

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AI-powered application for personalized event discovery.

IndiaFounded 2017Consumer Services
Valuation $50–100M Last recorded · 2026
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 TownSquare and the history behind them.

About TownSquare

TownSquare was a technology venture that operated an AI-based event discovery platform in New Zealand. The company was founded in 2017 by Ben Costeloe and Tariq Kusabs, and it ceased active development at the beginning of the COVID-19 pandemic in 2020. Both founders brought startup experience to the venture, with Costeloe having a background as an analyst and founder of the student-focused startup Adieu, and Kusabs having experience in customer success and account management roles at other tech companies. The company's primary product was a platform designed to help users find local events tailored to their interests. It addressed the challenge of event discovery by creating a personal 'taste profile' for each user. The platform's artificial intelligence would then recommend events, aiming to expose users to experiences they might not have discovered through traditional search methods. This approach was intended to help people break out of their 'filter bubbles' and find new activities. In 2018, TownSquare was selected to participate in the Mahuki innovation accelerator, a program run by the Museum of New Zealand Te Papa Tongarewa. This placement provided the startup with NZ$20,000 in seed funding and mentorship to develop its platform further, specifically targeting the cultural sector. The business operated on a business-to-consumer model, with the platform offered directly to the public to enhance their social and cultural experiences. However, the global pandemic's severe impact on the live events industry led to the suspension of work on the platform in 2020.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
India
Employees
4
Open positions
None listed
Dealroom signal
77.2/100
Industry
Music, Event Tech
Sector
Consumer Services, Theme Events, Live Events, genAI Applications, Woman Founder
Business model
SaaS
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC May 2026 $16M $65M Amber Group · Kintsu · Donut · DoraHacks ↗
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Growth signals

TownSquare team growth

TownSquare's team grew 100% over the past year.

1-year team growth+100%
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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

5 investors on the cap table

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

Series A5 investors entered at this stage

  • Amber Group
  • Kintsu
  • Donut
  • DoraHacks
  • Aurora Ventures
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
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
🇮🇳 India HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about TownSquare 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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