Investment Summary

Morgan Stanley Expansion Capital Invests In PowerToFly

On September 19, 2022, growth capital firm Morgan Stanley Expansion Capital invested in information technology company PowerToFly

Investment Highlights
  • This is Morgan Stanley Expansion Capital’s 8th transaction in the Information Technology sector.
  • This is Morgan Stanley Expansion Capital’s 39th transaction in the United States.
  • This is Morgan Stanley Expansion Capital’s 5th transaction in New York.

Investment Summary

Date 2022-09-19
Target PowerToFly
Sector Information Technology
Investor(s) Morgan Stanley Expansion Capital
Deal Type Venture

Target

PowerToFly

New York, New York, United States
PowerToFly is an end-to-end diversity, equity, and inclusion human resources technology solution focused on talent attraction, acquisition, and retention of underrepresented talent. Through a single, unified platform, the Company provides employers with a solution for talent acquisition, hiring, upskilling, and retention, and candidates with free access to job events/boards and educational job resources such as mentorship and training. PowerToFly was founded in 2014 and is based in New York City.

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Investor(S) 1

DESCRIPTION

Morgan Stanley Expansion Capital is a division of Morgan Stanley that looks to make growth equity and credit investments in expanding companies operating in the healthcare, digital media, e-commerce, consumer and business services sectors. The unit will consider opportunities throughout North America and Western Europe and primarily targets companies with established products/services looking to scale. Morgan Stanley Expansion Capital is headquartered in New York City.


DEAL STATS #
Overall 46 of 48
Sector: Information Technology M&A 8 of 9
Type: Venture M&A Deals 22 of 22
State: New York M&A 5 of 5
Country: United States M&A 39 of 40
Year: 2022 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 Dealpath

San Francisco, California, United States

Dealpath provides deal management software for the real estate industry serving real estate investors, investment managers, property developers / owners, REITs, and other corporations. The company’s platform is designed to manage all aspects of the deal process allowing users to centralize and standardize deal data, automate workflows and eliminate manual processes, and enhance collaboration both within and across organizations. Dealpath was founded in 2014 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 OpsRamp

San Jose, California, United States

OpsRamp provides cloud-based IT operations management SaaS solutions for observability of infrastructure, application, and network performance metrics. OpsRamp’s solution is horizontal, with broad applicability across a number of enterprise end-markets, including the Life Sciences, Information Technology, Financial Services, and Telecommunications industries. OpsRamp was founded in 2014 and is based in San Jose, California.

Sell -