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Valence Raises $5.25M in Series A Funding Round

Valence — a newly-launched platform designed to connect the Black tech community and help close the wealth gap — announced that it raised $5.25 million in its Series A round. GGV Capital was the lead investor during this round and GGV’s Managing Partner Hans Tung will join Valence’s Board of Directors. Other investors included Upfront Ventures, Valence’s initial investor, Silicon Valley Blank,  and SoftBank Opportunity Fund. Launched in November 2019, Valence’s mission is “ to provide a digital home for Black talent to connect, access opportunities and aggregate their power.” In the nine months since opening applications to their platform, the community has grown to 10,000 Black professionals and boasts industry leaders such as Arlan Hamilton, Julia Collins, and Paul Judge as members. In addition to providing a space for Black professionals to connect, Valence invites top employers to recruit from the platform. Valence also works with tech companies to help them build diverse and...

Aug 17, 2020