Inspired Capital closes $450 million fourth fund

Inspired Capital closed its fourth fund with $450 million in commitments, co-founder Alexa von Tobel told TechCrunch. The raise brings the New York-based early-stage firm's assets under management to nearly $1.4 billion, following a $330 million third fund closed in early 2024. Inspired plans to maintain its pace of backing roughly 10 companies a year, from the earliest idea stage through Series A, with checks of $1 million to $15 million. Its portfolio is split roughly 45% East Coast, 45% West Coast and 10% elsewhere.