Fresh Capital

Susan Lyne Joins Female Angels Backing Levo League, LinkedIn for Ladies, for $1 M.

Levo League founders Caroline Ghosn and Amanda Pouchot. (Facebook)

Levo League, the professional network for women of Generation Y, sounds like it took a page from Nice Girls Don’t Get the Corner Office. “You’e a go-getter,” the site says, in stark white-on-black lettering. “Connect with women like you.” The New York startup just finished its angel round, collecting $1 million from Susan Lyne, Chairman, Gilt Groupe;  Gina Bianchini, founder and CEO of Ning; Fran Hauser, president of digital for Time Inc.’s style and entertainment and lifestyle groups, and others.

Though the round wasn’t raised only from women–Tom Cohen, PTC Advisors and Gen Y Capital Partners, joined as well–it’s an unusually high number of lady angels in one place. Women make up “maybe 5 percent, maybe worse” of the 3,100 investors on AngelList, cofounder Naval Ravikant told PEHub in a piece about the dearth of female angels yesterday. Read More