Press Release

Inspired Capital Announces $330 Million Fund III

February 29, 2024

Palo Alto – February 29, 2024 – Cooley advised Inspired Capital, a venture capital firm headquartered in New York City that backs early-stage founders with transformative ideas, brilliant teams and relentless determination, on the closing of its Inspired Capital Fund III, with $330 million in total capital commitments. Inspired Capital was founded in 2019 by Alexa von Tobel and Penny Pritzker. With the closing of its third fund, Inspired Capital now has nearly $900 million in assets under management – just under five years since its inception. Partners Shane Goudey and Katelyn Kimber led the Cooley team advising Inspired Capital.

Inspired Capital will make investments between $1 million and $15 million in pre-seed and Series A companies with fearless founders who are solving the hardest challenges facing humanity.

Cooley previously advised Inspired Capital on its $281 million second fund in September 2021.

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