Valence raised $5.25M. The online community is dedicated to providing opportunities to Black professionals. Built In recently wrote about Valence when it launched its venture capital tool to increase investments in minority-owned businesses. [Techcrunch]
Omaze raised $30M in its Series B funding round. The company has created an online fundraising platform where things like luxury homes, lavish vacations, rare cars and experiences with celebrities are raffled away to raise money for charities. The company has raised money for over 350 charities so far. [Built In LA]
LA-based The Urgent Co. launches animal-free ice cream brand. The ice cream brand is called Brave Robot, and it was launched in partnership with Perfect Day. Even though the ice cream is created without cows, it still has dairy in it. This is the result of a scientific process that creates the ice cream ingredients from plant-based products. [Food Business News]
mPulse Mobile raised $16M in its Series C funding round. The company has developed its own conversational AI technology that is meant to be used in healthcare settings. This technology helps increase communication between patients and their healthcare providers when they can’t get in touch with a doctor. [Built In LA]
Inc. releases the Inc. 5000 fastest growing companies list. In that list, there were 312 LA companies across all industries. The No. 2 spot on the list went to LA-based Create Music Group, which helps artists get paid for unclaimed royalties across various digital streaming platforms. [Built In LA]
Enervee partners with Oracle. Enervee’s SmartChoice AI interface will interpret energy data from Oracle’s platform to help utility customers save money and embrace more energy-efficient purchases in their day-to-day lives. [PRWeb]
