ImpactAlpha, September 20 — New York-based PowerToFly has raised $30 million to upskill and connect underrepresented talent with jobs.
Millions of professionals use PowerToFly’s free online platform to scan job postings from Meta (formerly Facebook), Deloitte, Microsoft, Google, Morgan Stanley, PwC, Vanguard and other companies. Users have access to job fairs, an online community of peers and professional development courses.
PowerToFly works with employers on inclusive workplace and retention strategies. The women-led company is building a membership portal for HR representatives from partner companies.
The funding round received investments from Chartline Ventures, Grasshopper Bank and funds managed by Morgan Stanley, including Next Level Fund, a partnership fund with Hearst, Microsoft and Walmart to invest in early-stage tech startups led by women and founders of color.
“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 PowerToFly’s Milena Berry, a queer-identified immigrant and mother of four.