Chief Secures $100M in Series B Funding; Valued At $1.1 Billion

Chief, a NYC-based private network built to drive more women into positions of power and keep them there, closed a $100m Series B funding.

The round was led by CapitalG, with participation from Google parent company Alphabet and previous investors General Catalyst, GGV Capital, Inspired Capital, Primary Venture Partners, Flybridge Capital Partners, and BoxGroup. Laela Sturdy, General Partner at CapitalG, will join Chief’s Board of Directors. 

The company intends to use the funds to invest in its community platform, create more personalization to drive more impactful connections between peers and serve up relevant business insights, develop new, next generation products, and focus on diversity, equity and inclusion in executive leadership by doubling its grant program to support underrepresented executives, and committing $1 million annually to nonprofits that are aligned with its mission

Launched in 2019 by Carolyn Childers, CEO, Chief provides women leaders with a vetted community of peers, trusted support system, and business critical insights to strengthen their leadership and magnify their influence. to change the face of leadership. 

Membership includes access to the Chief network, where members cross-pollinate ideas and connect with peers across the country, and Core, its curated peer groups facilitated by an experienced executive coach. Chief members are also invited to exclusive conversations with industry icons including Indra Nooyi, Ursula Burns, Sara Blakely, and Stacey Abrams, as well as workshops with renowned academics on topics driving today’s boardroom. 

The company’s 12,000+ senior executive members represent more than 8,500 companies including HBO, American Express, Nike, Google, Goldman Sachs, NASA, Chobani, Pfizer, Harvard University, Apple, The New York Times, Delta Air Lines, U.S. Department of Justice, Spotify, NRG, Accenture, Yum! Brands, Chanel, Allstate, CBRE, Ford Motor Company, Netflix, Doctors Without Borders, IBM, Fidelity, Walmart, Novo, Marriott, Aspen Institute, Johnson & Johnson, and Lockheed Martin.

FinSMEs

31/03/2022