The rapidly growing network of powerful women will use the new investment to fast-track digital platform, expand membership services, and accelerate growth
NEW YORK--(BUSINESS WIRE)--Chief, the private network driving women into leadership positions and keeping them there, today announced it has secured $15 million in new funding from all existing investors, including General Catalyst, Inspired Capital, GGV Capital, Primary Venture Partners, Flybridge Capital and BoxGroup. This latest round of funding brings Chief’s total funding to $40 million.
Chief unites leading women in business to create successions of power by facilitating deep connections across roles and industries. Thousands of senior executives in New York, Los Angeles and Chicago have joined, representing companies including Google, IBM, HBO, Chobani, Walmart, Visa, Teladoc, Doctors Without Borders and The New York Times.
“When we founded Chief, we set out to create a community that would support women leaders for their lifetime, even through global disruption,” said Carolyn Childers, co-founder and CEO of Chief. “When you surround yourself with peers who are equally qualified, intelligent and capable, the impossible suddenly becomes possible. In an uncertain world, we have never been more certain about the power of community to drive meaning, support and connection. Chief was built for this moment.”
Now, more than ever, Chief is doubling down on its commitment to connect, support and inspire powerful women leaders. This mission is resonating deeply with members as they forge together to navigate critical and unprecedented business decisions during unexpected circumstances.
"The loyalty of the Chief community and the demand for membership driving the company's growth, are striking," said Ken Chenault, chairman and managing director, General Catalyst. “Carolyn and Lindsay remain ambitious in their approach as they embark on expanding Chief to meet the evolving needs of its members, including through Personal Executive Coaching, the Chief Hiring Board and virtual offerings to stay connected. We're proud to continue to support Chief as they execute on scaling their mission.”
“Women can be extraordinary allies for each other, and this is magnified in greater numbers,” said Robin Li, Principal at GGV Capital, a Founding Chief Member who joins as Board Observer. “I've been a part of Chief since the beginning, and in no time I've watched this community create and pull levers of power for real progress. There’s an energy that’s kinetic and enduring, especially in the most challenging times."
In rapid response to the global pandemic, Chief shifted its banner services and programming to become completely virtual. Its member services include Core Groups (Chief's critically acclaimed peer group experience); community chat platform, and event programming — including leadership workshops, conversations with industry icons and community roundtables. In April, participation in Chief events tripled, and Core Groups have had record high attendance and satisfaction, indicating the overwhelming demand for Chief’s brand of mentorship and support.
New funds will work to accelerate Chief’s growth to meet demand in new cities and fast-track the technology infrastructure to support expanded services. Most immediately, Chief has introduced Personal Executive Coaching with its roster of top-tier coaches, and the Chief Hiring Board — a platform for members to privately list best-in-class, diverse candidates and job openings. Expansion to Los Angeles and Chicago is underway, with Founding Members in both cities already taking advantage of Chief’s services.
“We’ve always described ourselves as a community that happens to have a space, not a space that a community is built around,” said Lindsay Kaplan, co-founder of Chief. “This is especially evident right now. There has never been a more important time for women to come together.”
Chief is the future of women in the workplace. Created to drive more women into positions of power and keep them there, Chief is a private network designed specifically for senior women leaders — rising VP level through CEO — to strengthen their journey into the C-suite, cross-pollinate ideas across industries, and effect change from the top-down. Co-founders Carolyn Childers and Lindsay Kaplan launched in January 2019, and in its first year, grew to more than 2,000 of the most formidable senior leaders in New York, representing over 500 companies and a waitlist of more than 8,000. Chief is headquartered in New York City, with new members joining in Los Angeles and Chicago, and currently accepts members to its waitlist nationwide. Apply to join at chief.com.