Inspired Capital has closed its fourth fund with $450 million, bringing its assets under management to nearly $1.4 billion.
Founded in 2019, the firm invests in early-stage startups across physical AI, quantum computing, and software.
The new fund brings the firm’s total assets under management to nearly $1,4 billion. Inspired Capital was founded in 2019 by Alexa von Tobel and former U.S. Commerce Secretary Penny Pritzker. It has previously raised three other funds: an initial $200 million, a second $281 million, and a third $330 million in early 2024.
The investment strategy
The company backs about 10 startups each year, with amounts ranging from $1 million to $15 million. About a third of the investments are to founders who have previously built businesses.
The geographic distribution of investments is roughly 45% East Coast, 45% West Coast, and 10% elsewhere. The sectors it supports include artificial intelligence and quantum technology, with examples of companies such as the ShopMy platform.
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Successes and acquisitions
Twelve companies from the firm’s first two funds have reached more than $1 billion valuations, representing about 15% of its portfolio. In addition, there have been more than 10 exits, including Databricks’ acquisition of MosaicML, Mercor’s acquisition of DeepTune, and Snap’s acquisition of Saturn, while TeamShares went public in June.
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