Alexa von Tobel seeks $200 million for new venture capital fund

LearnVest founder's fund, Inspired Capital Partners, will be based in New York

Jan 9, 2019 @ 4:55 pm

By Ryan W. Neal

Alexa von Tobel is seeking $200 million to launch a new venture capital fund called Inspired Capital Partners, according to a Form D filed Wednesday with the Securities and Exchange Commission.

The filing comes just a few days after Ms. von Tobel announced she was leaving Northwestern Mutual, where she served as the insurance company's chief innovation officer, to launch her own company. In a statement, Northwestern Mutual said the opportunity will enable Ms. von Tobel "to continue on an entrepreneurial path and expand her leadership in the broader innovation community."

Not much information is available about Inspired Capital Partners outside of the name and that it's registering as a venture capital fund, based in New York and under Ms. von Tobel's name. She also updated her LinkedIn page to list her current job as the founder and managing partner of Inspired Capital.

Ms. von Tobel has already started making personal investments in fintech startups. In December, she was part of a $12.8 million funding round for Propel, an app that helps consumers manage government benefits.

She rose to prominence as the founder of LearnVest, an early entrant in the robo-advice market and one of the first companies to embrace the hybrid model of giving investors automated investing along with access to a human adviser.

Northwestern Mutual acquired LearnVest in 2015 for $250 million. It shut down LearnVest's financial planning service over the summer and relaunched the website as a blog covering money, career, lifestyle and debt issues for millennials.

0
Comments

What do you think?

View comments

Most watched

INTV

Young professionals see lots of opportunity to reinvent the advice experience

Members of the 2019 InvestmentNews class of 40 Under 40 have strategies to overcome the challenges of being young in a mature industry.

INTV

Young advisers envision a radically different business in five years

Fintech and sustainable investing are two factors being watched closely by some of the 2019 class of InvestmentNews' 40 Under 40.

Latest news & opinion

InvestmentNews' 2019 class of 40 Under 40

Our 40 Under 40 project, now in its sixth year, highlights young talent in the financial advice industry. These individuals illustrate the tremendous potential of those coming up in the profession. These stories will surprise, entertain, educate and inspire.

Galvin to propose fiduciary rule for Massachusetts brokers

The secretary of the commonwealth is proposing a fiduciary standard in response to an SEC investment-advice rule he views as too weak.

Summer reading recommendations from financial advisers

Here are some books that will keep you informed and entertained during summer's downtime

4 strategies for Roth conversions

There's never been a better time to do a Roth conversion, and here are several ways to go about it.

Cetera latest to be hit with data breach of personal information

Company is offering clients complimentary, two-year membership to an identity theft protection and credit monitoring service.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print