Chief is a subscription-based social platform for professional women, offering mentorship, topic-driven discussions, and opportunities to meet in person. The company has raised $150M in funding from top investors, including CapitalG and Notable Capital, and currently holds a valuation of $1.1B (as of March 31, 2022).
What Is Chief and What Does It Do?
Chief, founded in 2018 by Carolyn Childers and Lindsay Kaplan, is headquartered in New York, New York. The company operates as a private membership network focused on connecting and supporting women executive leaders.
Chief offers executive coaching, advisory, and educational services, creating a robust community for senior women executives. The platform helps members learn from peers, gain mentorship, and engage in topic-driven discussions to grow professionally.
With a team of 76 employees, Chief has built a strong presence in the professional networking and social platform space, fostering diversity, equity, and inclusion among women in leadership roles.
How Much Funding Has Chief Raised?
1. Seed Round
- Amount Raised: $3M
- Date: October 2018
- Lead Investors: Flybridge, Primary Venture Partners
- Motivation: Establish the platform and build a community of women executive leaders.
2. Series A
- Amount Raised: $22MDate: June 2019
- Lead Investors: General Catalyst, Inspired Capital Partners
- Motivation: Expand the platform’s reach and enhance services for women executives.
3. Venture Round
- Amount Raised: $15M
- Date: May 2020
- Motivation: Support platform growth and adapt to pandemic-related changes.
4. Series B
- Amount Raised: $100M
- Date: March 2022
- Lead Investors: CapitalG
- Motivation: Enhance community features, develop new products, and support diversity, equity, and inclusion initiatives.
Total Funding Raised: $150 Million
Current Valuation: $1.1 Billion (as of March 2022)
Latest Funding Date: March 2022
Key Investors
1. CapitalG
- Details: Growth equity fund under Alphabet Inc., investing in technology companies.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Airbnb, Stripe, Lyft
2. General Catalyst
- Details: Venture capital firm investing in early-stage and growth-stage companies with long-term founder partnerships.
- Investment Focus Areas: Healthcare, Consumer, Enterprise
- Notable Investments: Snapchat, Airbnb, Stripe
3. Inspired Capital Partners
- Details: VC firm founded by Alexa von Tobel, focusing on early-stage investments.
- Investment Focus Areas: Fintech, Consumer, Enterprise
- Notable Investments: Chief, Finix, Orum
4. Flybridge
- Details: Seed-stage VC partnering with entrepreneurs to build impactful companies.
- Investment Focus Areas: Consumer, Enterprise, Healthcare
- Notable Investments: MongoDB, BetterCloud, Firebase
5. Primary Venture Partners
- Details: Seed-stage VC based in New York City, investing in technology-driven companies.
- Investment Focus Areas: SaaS, E-commerce, Fintech
- Notable Investments: Jet.com, Mirror, Latch
Where Is Chief’s Headquarters?
Chief is headquartered in New York City, providing access to a vibrant professional ecosystem and proximity to influential business leaders, enabling strong networking and mentorship opportunities for women executives.
What’s Next for Chief?
With the $100M Series B funding, Chief plans to enhance community features, develop new products, and double its grant program for underrepresented executives. The platform serves over 12,000 senior executives and has a waitlist of 60,000 women, highlighting significant growth potential.
The company may attract further investments to scale operations and technology, while maintaining network quality and navigating competition from other professional platforms.
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