Women’s networking company Elpha launches out of Y Combinator

Leap, the women’s networking group that was developed by Y Combinator, is spinning out of the company with a new name — Elpha.

Co-founded by Cadran Cowansage, 

The idea for Elpha came to Cowansage years ago, but was launched in 2017 with the support of Y Combinator. Initially Leap was a nights and weekends project (as Cowansage puts it), but it now boasts 7,500 active members. Including its co-founders Abadesi and Kuan. Abadesi started as the first community lead for the Leap group, where she joined from Product Hunt, and was also the founder of Hustle Crew — a group focused on inclusion in tech.

Kuan, a former New Yorker, is a startup veteran who led the design team at the New York database technology development company Cockroach Labs and the architect of a retreat for women leaders in tech called “For The Women”.

While the company is no longer directly affiliated with Y Combinator, it is going through the accelerator’s winter batch and YC has come on as an investor, according to Cowansage — taking the traditional 7% ownership stake for its $150,000 investment.

This post was originally posted at http://feedproxy.google.com/~r/Techcrunch/~3/EYpPfy6iI-Q/.

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