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Inspired Capital raises $450M fourth fund, lifting AUM to $1.4B

New York venture firm Inspired Capital, founded by Alexa von Tobel and Penny Pritzker in 2019, has closed a $450 million fourth fund, pushing its total assets under management to nearly $1.4 billion. The firm invests in about 10 early-stage companies annually, writing checks of $1 million to $15 million, and has produced 12 unicorns and more than 10 exits across its first two funds, including MosaicML's $1.3 billion sale to Databricks.