The $450 million fund will target founders across different industries, including AI, defense, and health care.
Inspire Capital founder Alexa von Tobel. Illustration: Inc; Photo: Adobe Stock, Getty Images
Listen to this ArticleMore info
0:00 / 3:07
On Tuesday, Inspired Capital announced the close of its $450 million Fund IV, bringing its total committed capital to more than $1.3 billion.
Founded by Alexa von Tobel and Penny Pritzker in 2019, the venture capital company invests in technology-driven companies across sectors including AI infrastructure, health care, defense, fintech, robotics, and consumer goods.
According to the company, 10 of Inspired’s investments have reached valuations of $1 billion or more. Von Tobel told Inc. that Inspired’s main ethos centers on “the founders going after the biggest and hardest problems facing humanity.”
“I wake up every day doing something that I believe in with every ounce of my soul that I would do for free, because I think being on the side of the exceptional human beings that want to make this world better and brighter for all of humanity is a pretty good way to spend our limited time on this earth,” she added.
Refreshed leadership advice from CEO Stephanie Mehta
The company currently backs several notable up-and-comers including AI-powered dental lab Dandy, autonomous defense company Allen Control Systems, and quantum computing company Logiqal.
Ten companies Inspired has backed have surpassed $100 million in annual revenue, and four have surpassed $400 million. The company has also had more than 10 exits, including Teamshares’ listing on Nasdaq, MosaicML’s acquisition by Databricks, and Deeptune’s acquisition by Mercor.
“Our firm is about outperformance. That is a vital way that we think, which is showing up every day to help our founders have outperformance,” Von Tobel told Inc.