Chief Secures $100M Series B Funding, Bringing Total Valuation to $1.1B | Business and finance

NEW YORK–(BUSINESS WIRE)–March 31, 2022–

Chief ( ), the private network designed to bring more women into and keep them there, today announced the closing of a $100 million Series B investment. The round is led by CapitalG, the independent growth fund of Google parent company Alphabet. Previous investors General Catalyst, GGV Capital, Inspired Capital, Primary Venture Partners, Flybridge Capital Partners and BoxGroup also participated in the round. Laela Sturdy, General Partner of CapitalG, will join Chief’s Board of Directors.

Launched in 2019, Chief offers women leaders a trusted peer community, a trusted support system, and essential business insights to strengthen their leadership and amplify their influence. The latest financing follows significant growth at Chief. In January 2022, the company expanded nationwide after successfully weathering the pandemic. Over the past year, the number of its vice presidents and senior executives has more than doubled, reaching more than 12,000 business leaders, while increasing the seniority of members.

Chief will use this new funding to invest in its community platform that powers the member experience. Building on its existing technology, the company will create more personalization to drive more impactful peer-to-peer connections and deliver relevant business insights, as well as develop new next-gen products that help members harness the power of its network. As it enters this next phase of growth, the company will also leverage its corporate relationships, educating them on the value of Chief membership to encourage sponsorship so that the world’s leading female executives can benefit from its services.

Chief will also continue to 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 to change the face of leadership.

“Women have always been powerful, and our goal is to amplify and pollinate that influence so that female executives have a global network to support them,” said Carolyn Childers, co-founder and CEO of Chief. “We are proud to partner with CapitalG and welcome Laela to Chief’s Board of Directors. Laela exemplifies the power of women as changemakers for big business and is a champion of the transformative impact women can have when at the helm. »

“It is our goal at CapitalG to seek out truly generation-defining leaders who can redefine an industry – leaders precisely like Carolyn and Lindsay,” said CapitalG General Partner and Chief Board Member, Laela Sturdy, who has also invested in technology leaders like Stripe, UiPath, Webflow and Duolingo. “Under their leadership, Chief has developed a world-class technology platform to nurture the vital in-person and virtual connections and personal and professional development that help executives thrive. I’m thrilled to join Carolyn, Lindsay and the entire Chief’s team on their journey to elevate more women to the upper echelons of business success and help them stay there.”

Chief’s more than 12,000 senior executives 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, US 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. Chief also has a growing waiting list of 60,000 women from around the world.

Membership includes access to the Chief Network, where members exchange ideas and connect with peers across the country, and Core, Chief’s hyper-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 leading academics on topics that drive the councils. administration today.

Chief is a private network designed for the most powerful women executives to strengthen their leadership, amplify their influence and pave the way for others to join them. Launched in 2019 by Carolyn Childers and Lindsay Kaplan, its mission is to get more women to the top and keep them there. Chief was recognized as one of Fast Company’s Most Innovative Companies of 2021, and its diverse membership includes 12,000 of the most experienced executives in the United States. Learn more about

CapitalG, Alphabet’s independent growth fund, invests in remarkable companies that are transforming consumer products and services, enterprise technology, cybersecurity, fintech, cryptocurrency and technology transports. CapitalG partners with growth-stage companies in their transition from start-up to growth through hands-on assistance from its internal growth team and relationships with Google’s engineering, product, marketing, sales, and human operations experts in the whole world. Over 2,500 Googlers and Alphabet executives have already engaged with CapitalG portfolio companies, including Airbnb, Collibra, CrowdStrike, Curated, DCG, Duolingo, Freshworks, Gusto,, Lyft, Robinhood, Stripe, UiPath and Whatnot, among others. Learn more about



Copyright BusinessWire 2022.

PUBLISHED: 03/31/2022 11:34 AM/DISC: 03/31/2022 11:34 AM

Copyright BusinessWire 2022.

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