Inspired Capital closes fourth fund at $450 million amid concentration of venture money in California
New York-based Inspired Capital, founded by Alexa von Tobel and Penny Pritzker, closed its fourth fund at $450 million, bringing assets under management to nearly $1.4 billion. According to PitchBook, between 2020 and 2025 the Bay Area attracted $352 billion — about 46% of US venture capital, and last year 55% of new commitments. The firm invests in roughly 10 companies a year, with checks from $1 million to $15 million.
Javlon Tursunov