Valence, the site committed to increasing financial opportunity for the Black neighborhood, raises $5.25 million

Valence, the site committed to increasing financial opportunity for the Black neighborhood, raises $5.25 million

Valence, the Los Angeles-based online community dedicated to increasing financial chance for the Black community, has actually raised $5.25 million in financing as it seeks to continue to expand its network for Black professionals in all fields. The timing for the financial investment is important as the nation considers the ramifications and impacts of systemic racism. […]
Valence currently has 10,000 people signed up for the platform and is growing at about 20% per month, according to Primus. Other investors in the round include Upfront Ventures, along with Maveron, the SoftBank Opportunity Fund and Silicon Valley Bank. …