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Sidley Advises Inspired Capital on New US$450 Million VC Fund

Reported by Sidley
Oct 21, 2026· 2 min read
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Key Takeaways
  • • Inspired Capital closed its fourth venture capital fund, Inspired Fund IV, with US$450 million in committed capital, announced October 20, 2026.
  • • Inspired Fund IV will pursue the firm's early-stage strategy, backing roughly 10 companies a year from seed through Series A with checks of US$1 million to US$15 million.
  • • The New York-based firm, founded in 2019 by Alexa von Tobel and Penny Pritzker, reports more than US$1.3 billion in total assets under management.
  • • Sidley Austin advised Inspired Capital on the closing, with a team led by Shane Goudey, Mandy Kondo, and Lexi Tian.
Summary
Inspired Capital has closed Inspired Fund IV, its fourth venture capital fund, with US$450 million in committed capital, according to the original report. The closing was announced on October 20, 2026. Sidley represented the firm in the transaction, and the law firm's investment funds team was led by Shane Goudey, Mandy Kondo, and Lexi Tian, supported by paralegals Michaela Campos and Estefania Bautista Castro.

The new fund will continue Inspired's early-stage investment strategy. The firm backs roughly 10 companies a year, investing from the earliest stages through Series A with check sizes between US$1 million and US$15 million. Its portfolio spans AI infrastructure, healthcare, defense, fintech, robotics, and consumer goods.

Inspired Capital was founded in 2019 by Alexa von Tobel and Penny Pritzker and is based in New York. The firm reports more than US$1.3 billion in total assets under management. The fund closing adds a fourth vintage to the firm's venture platform and gives it dedicated capital for its next cycle of early-stage investments.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Sidley Sidley Advises Inspired Capital on New US$450 Million VC Fund