Chief enters unicorn club with $100M in Series B round


Chief, a US-based company, private network for women in leadership, has raised $100 million in Series B funding. The round was led by CapitalG.

General Catalyst, GGV Capital, Inspired Capital, Primary Venture Partners, Flybridge Capital Partners, and BoxGroup also participated in this funding round. 

CapitalG General Partner, Laela Sturdy has joined the list of Chief board of directors.

The company is planning to utilize the fresh capital in following ways

·               To invest in its platform,

·               Add more personalized features that can better connect members and serve them relevant business insights.

Chief was founded by Carolyn Childers and Lindsay Kaplan in 2019. Chief’s platform occupies more than 12,000 female business leaders - largely C-suite executives and vice presidents - in its network. They include companies like HBO, American Express, Nike, Google, Goldman Sachs, NASA, Apple, IBM, Netflix, and Lockheed Martin. The company is about to hire more 60,000+ women in the field.

The company is also promising $1 million per year to nonprofits that promote diversity, equity, and inclusion in executive leadership.

CapitalG also participated in a $80 million Series C funding round of Jakarta and Lummo, in early 2022. It backed Aye Finance in June 2020 in a Rs 210 crore Series E funding round, along with Aye’s existing investors LGT Lightstone, Falcon Edge Capital, A91 Partners, and MAJ Invest.

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