PowerToFly Raises $30M
Summary
Additional investors include the Morgan Stanley Next Level Fund, Chartline Ventures, and Grasshopper Bank.Any leader will tell you that intense competition to recruit, retain, and support diverse talent is going to continue for decades to come, in or out of a recession, said Katharine Zaleski, PowerToFlys Cofounder and President. It will also support the continued growth of PowerToFlys existing products and services, including free professional development courses for the millions of diverse professionals who visit the platform each year.This investment is symbolic of the irreversible momentum and support for advancing the representation of more diverse talent and intersectional identities in the workplace, said Milena Berry, PowerToFlys Cofounder and CEO. As a queer person, an immigrant, and a mom of four, Im most proud of how weve worked from the inside out to build a company and community that represent the workplaces we want to see.We are excited to partner with PowerToFly as a thought leader who is helping to define the rapidly growing DEIB market. The PowerToFly team brings a purpose-built and authentic approach to solving all DEIB needs for businesses across all sizes, industries, and geographies, said Nick Nocito, Executive Director with Expansion Capital.With the support of our corporate partners, Microsoft, Hearst, and Walmart, we aim to accelerate PowerToFlys DEIB recruiting platform and close the funding gap for early stage companies led by women and founders of color, adds Alice Vilma, Co-Portfolio Manager of Morgan Stanleys Next Level Fund.PowerToFly brings the entire DEIB ecosystem of passive and active talent, community groups, and companies together on one platform. The company is focused on empowering underrepresented talent across all races, ages, ethnicities, sexual orientations, abilities, veteran statuses, and gender identities.