Thursday, June 25, 2020

Valence Launches To Help Black Professionals With Social Networking

In a move to help make Black professionals easier to connect, Los Angeles-based Valence said on Thursday that it has launched a new, social networking service, with backing from investments from Upfront Ventures, Sequoia Capital, and Accel. The amount of funding in Valance was not disclosed by the company, although the firm disclosed that $1M in funding into the company came from Upfront Ventures. The startup lists such partners at Upfront Ventures, the USC Black Alumni Association, PledgeLA, Startup Grind, Morehouse College, and Quibi. As part of the launch, the company said it has appointed Guy Primus as its CEO; Upfront's investment in the company was led by General Partner Kobie Fuller, who helped to co-found the new company.

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