Chief Taps New Funding to Boost Women in Exec Positions

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Chief wants to promote and maintain women in the top executive offices in corporate America, and it just received funding to forward that goal.

The private network, founded by Lindsay Kaplan and CEO Carolyn Childers, announced it raised $22 million in Series A funding, the second funding round in two years. It has now collectively raised $25 million in VC funding.

This investment round is led by General Catalyst Partners and Inspired Capital. Ken Chenault, chairman and managing director at General Catalyst and Alexa von Tobel, the founder and managing partner of Inspired Capital both join Chief’s board of directors.

Chief’s membership since its launch has grown to more than 700 of the top NYC based female executives representing more than 500 companies. Companies sponsoring Chief members’ desire to support leadership development include Google, SoulCycle, PepsiCo, Hulu, JetBlue, WalMart and HBO.

Chief plans to use its new funding to advance its digital platform and grow its worldwide footprint.