Inspired Capital Raises $330M Fund III to Back Fearless Founders
New York-based venture firm Inspired Capital has closed its third fund with $330 million in capital commitments, bringing its total assets under management to nearly $900 million. The milestone coincides with the firm’s fifth anniversary, marking continued growth since its 2019 founding.
Founding Vision and Fund History
Founded by entrepreneurs Alexa von Tobel and Penny Pritzker, with general partners Lucy Deland and Mark Batsiyan, Inspired Capital has consistently expanded its investment capabilities:
- 2019: $200M debut fund
- 2021: $281M second fund
- 2024: $330M third fund
“This is a true ‘pinch me moment,’” von Tobel told TechCrunch. “Venture capital, when properly deployed, is the most powerful economic engine the world has ever seen.”
Investment Strategy and Portfolio
Inspired Capital focuses on early-stage investments (pre-seed to Series A) in companies tackling humanity’s toughest challenges. Key aspects include:
- Check sizes: \(1M-\)15M
- Annual investments: ~10 companies
- Total portfolio: 50+ companies
- Follow-on capital raised: $1.5B cumulative
Notable Portfolio Companies
- Habi: Property tech unicorn ($1B valuation)
- Teamshares: Employee ownership platform
- Rho: Corporate banking solutions
- Paytient: Healthcare payment systems
The “Inspired Future” Thesis
The firm’s investment philosophy centers on innovations that dramatically move the world forward, including:
- Industrial economy digitization
- Modern workforce transformation
- Internet monetization layers
- AI potential realization
- Financial stability solutions
A Return to Venture Fundamentals
With Fund III, Inspired Capital published a manifesto outlining its core beliefs:
“We look for founders who are fearless, reject the status quo and believe the world deserves better,” von Tobel emphasized. “This is about going back to the studs of what venture really is.”
The fund is backed by institutional investors including leading endowments, pensions, and foundations, reinforcing confidence in Inspired Capital’s vision for transformative entrepreneurship.
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