September 19, 2022

PowerTofly Raises Over $30 Million To Continue Building Diverse & Inclusive Workplaces

NEW YORKSept. 19, 2022 /PRNewswire/ — End-to-end diversity recruiting and retention platform PowerToFly has secured over $30 million in funding led by investment funds managed by Morgan Stanley Expansion Capital (“Expansion Capital”). Additional investors include the Morgan Stanley Next Level Fund (“Next Level Fund”), Chartline Ventures, and Grasshopper Bank (through debt financing).

“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, PowerToFly’s Cofounder and President. “With this injection of capital we can double down on innovative products and data offerings oriented towards building cultures of belonging — a necessity for diverse talent.”

Specifically, this investment will allow PowerToFly to build a membership portal for HR and People Operations leaders to learn best practices from DEIB experts in on-demand courses and tap into insights from anonymous comparative data points. It will also support the continued growth of PowerToFly’s existing products and services, including free professional development courses for the millions of diverse professionals who visit the platform each year. Read rest here