Index reportedly withdrew planned investment in Town over conflict concerns

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.