Levo League, a site with career resources for young women, announced today that it has raised $7 million in angel funding from investors including Lubna Olayan, the CEO of Saudi Arabian firm Olayan Financing Co. and Véronique Morali, president of Fimalac in France, as well as CEO of Webedia/Allocine. Previous supporters have included Sheryl Sandberg, who made an angel investment in Levo in 2011 before publishing “Lean In,” and former Ning CEO Gina Bianchini.
The latest round of funding, which brings Levo League’s total raised so far to more than $8 million, will be used to create Levo 2.0, the next iteration of the startup, as well as increase its membership and launch local chapters in cities around the world. Levo already has chapters in 22 cities, including San Francisco, Dallas, Chicago, London, and Vancouver.
The company also plans to expand its existing recruitment, retention, and brand engagement services for companies such as Disney, The New York Times, AOL, Bonobos, and Southwest Airlines.
Founded by CEO Caroline Ghosn and Amanda Pouchot in 2012, Levo currently has 8 million members and its target demographic is women in the first 10 years of their career. In a statement, the company said that Levo 2.0 “will personalize the users’ experience in connecting with the opportunities, knowledge and network they need to succeed professionally.”