Total amount raised
$140 Millions
Latest funding date
03/01/2022
Location
Chief has successfully raised significant funding through multiple rounds, with notable investors including BoxGroup and General Catalyst. The platform is dedicated to connecting and supporting women executive leaders, offering services like Executive Advisory, Executive Coaching, and Executive Education.
Keep reading to explore the intricacies of Chief's fundraising journey and the investors backing this innovative platform.
What Is Chief?
Chief is a private membership network focused on connecting and supporting women executive leaders. Founded in 2019 by Carolyn Childers and Lindsay Kaplan, the company is headquartered in New York, New York.
Operating within industries such as professional networking, education, and social media, Chief has grown to employ between 101-250 people. The platform offers services like executive coaching, advisory, and education, aiming to foster a community of senior women executives.
How Much Funding Has Chief Raised?
- Seed Round
- Amount Raised: $3M
- Date: October 2018
- Lead Investors: Flybridge, Primary Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and begin building a community of women executive leaders.
- Series A
- Amount Raised: $22M
- Date: June 2019
- Lead Investors: General Catalyst, Inspired Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its services for women executives.
- Venture Round
- Amount Raised: $15M
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the platform's growth and adapt to the changing business environment during the pandemic.
- Series B
- Amount Raised: $100M
- Date: March 2022
- Lead Investors: CapitalG
- Valuation at Round: $1.1 billion
- Motivation Behind the Round: To invest in the community platform, enhance personalization, develop new products, and support diversity, equity, and inclusion initiatives.
Total Amount Raised: $140M. Current Valuation: $1.1 billion.
Key Investors
- CapitalG
- Details: CapitalG is a growth equity investment fund under Alphabet Inc. They focus on investing in technology companies.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Airbnb, Stripe, Lyft
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They focus on building long-term partnerships with founders.
- Investment Focus Areas: Healthcare, Consumer, Enterprise
- Notable Investments: Snapchat, Airbnb, Stripe
- Inspired Capital Partners
- Details: Inspired Capital is a venture capital firm founded by Alexa von Tobel. They focus on early-stage investments.
- Investment Focus Areas: Fintech, Consumer, Enterprise
- Notable Investments: Chief, Finix, Orum
- Flybridge
- Details: Flybridge is a seed-stage venture capital firm. They focus on partnering with entrepreneurs to build impactful companies.
- Investment Focus Areas: Consumer, Enterprise, Healthcare
- Notable Investments: MongoDB, BetterCloud, Firebase
- Primary Venture Partners
- Details: Primary Venture Partners is a seed-stage venture capital firm based in New York City. They focus on investing in technology-driven companies.
- Investment Focus Areas: SaaS, E-commerce, Fintech
- Notable Investments: Jet.com, Mirror, Latch
What's Next for Chief?
Chief stands at the cusp of significant growth, driven by a $100 million Series B funding round. This investment will enable the platform to enhance its community features, develop new products, and double its grant program for underrepresented executives. With over 12,000 senior executive members and a waitlist of 60,000 women, the potential for expansion is immense.
Future fundraising opportunities appear promising as Chief continues to demonstrate its impact on promoting women in leadership. The company may attract further investments to scale its operations and technology. However, challenges such as maintaining network quality and navigating competition from other professional platforms remain.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Chief and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
