Morgan Stanley Next Level Fund
New York, New York, United StatesFounded 2021
Morgan Stanley Next Level Fund is a venture capital fund within Morgan Stanley Investment Management's Inclusive Ventures Group, investing in early-stage technology and technology-enabled companies founded by women and multicultural entrepreneurs. The fund was launched in 2021 in partnership with Hearst, Microsoft, and Walmart, and targets sectors including fintech, healthcare, media/entertainment, consumer, and enterprise software.
Their most common stage is seed (57% of deals). Average disclosed round size is $23.0M (across 7 rounds with reported amounts).
Portfolio
6
Fund Size
$50M
Top Stage
Seed
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
7 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Nopalera | Seed | $4M | Mar 2026 |
| NNvisionX | Seed | $4.6M | Jan 2025 |
 TomoCredit | Growth | $122M | Jul 2022 |
 NVISIONx | Seed | $4.6M | Jan 2022 |
| NNvisionX | Seed | $4.6M | Jan 2022 |
 PowerToFly | Bridge | $6.5M | Jun 2015 |
| CCohesion Raises $15M Series A | Series A | $15M | — |
Top Co-Investors
Companyon Ventures3 shared
Gutbrain Ventures3 shared
CreativeCo Capital3 shared
SixThirty Ventures3 shared
PBJ Capital3 shared
Gaingels2 shared
Mastercard1 shared
Silicon Valley Bank1 shared
Gold House Ventures1 shared
Hyphen Capital1 shared
Alma Angels1 shared
Sixty8 Capital1 shared
Portfolia1 shared
Siddhi Capital1 shared
L'ATTITUDE Ventures1 shared
Crosslink Capital1 shared
Morgan Stanley Expansion Capital1 shared
Hearst Ventures1 shared
HPA1 shared
Last updated: 8 September 2026