Venture Capital: Chief, A Private Network For Women Executives, Raises $100M

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It also secured a valuation of $1.1 billion, becoming a female-led unicorn startup.

Chief, a membership network focused on connecting and supporting women executive leaders, has raised a $100 million Series B round led by CapitalG, the independent growth fund of Google parent company Alphabet (NASDAQ: GOOGL). Previous investors General Catalyst, GGV Capital, Inspired Capital, Primary Venture Partners, Flybridge Capital Partners, and BoxGroup also participated. (Bizjournals)

Carolyn Childers and Lindsay Kaplan (pictured above) founded Chief in 2019. The network for women allows members to connect with a rolodex of senior executives from diverse backgrounds, industries, and organizations — from Fortune 50 companies to successful startups.

Over the past year, the number of Chief members with vice president or C-suite titles has doubled, and more than 60,000 women are waitlisted for membership. Membership received a notable boost during the pandemic.

Members have access to a vetted national community of professional peers, an executive coach, workshops and conversations, community groups, member meetups, and exclusive Flagship clubhouses in major cities.

The startup will use the new funding to enhance its product range, build on its technology and increase personalization across the platform.

“Women have always been powerful, and our goal is to magnify and cross-pollinate that influence so women executives have a global network to support them,” Childers said in a statement.

“Chief has developed a world-class technology platform to nurture the vital in-person and virtual connections and personal and career development that help executives thrive,” said CapitalG General Partner Laela Sturdy, who will join the company’s board.

Related Story: Katie Haun Raises $1.5B, Sets New Record For Initial Fund By Female Founder

Image: Chief co-founders Carolyn Childers and Lindsay Kaplan

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