May 26, 2022

As Ariana Grande would say, God is a woman.

So it’s no surprise that Chief’s network, designed to develop women’s leadership skills, has reached a value of $1.1 billion in just three years.

The startup, led by founders Caroline Childers and Lindsey Kaplan, has raised $100 million in a Series B round led by CapitalG Alphabet. Partner Laila Sturdee will join the board of directors as part of the deal. Other investors in the round include General Catalyst, GGV Capital, Inspired Capital, Primary Ventures, Flybridge, all of whom were existing investors.

Chef raised a total of $140 million.

Although the company did not provide a number, the post says that the number of virtual users has increased significantly since the pandemic, making it easier to switch to this format at the national level.

The core team currently includes over 12,000 senior executives from over 8,500 companies including HBO, American Express, Nike, Google, Goldman Sachs, NASA, Chobani, Pfizer, Apple and more. The startup reports that more than 60,000 women are on waiting lists around the world.

This growth comes at a time when professional development is heating up. Companies such as Medley and Hone have recently started fundraising. LinkedIn doubled its growth with the new Learning Center. Several other companies have emerged in recent years looking to take a piece of the pie, including Torch, Eurica and Rising Team, to name a few.

This is a hotspot and executives now have the advantage of being aggressive and capturing the market.

If you’re interested, check out our podcast episode where we met with Medley co-founders Edith Cooper and Jordan Taylor here.

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