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.


What do you think?

View comments

Recommended for you

Featured video


What is causing the fever for RIA deals?

Deputy editor Bob Hordt and senior columnist Jeff Benjamin discuss factors adding fuel to the M&A fire in the independent advice space.

Latest news & opinion

Securities America hit with lawsuit seeking $18 million in damages

Firm is dealing with the fallout from a rogue broker it fired a year ago.

Brian Block continues his legal fight to stay out of prison

A judge denied Mr. Block's motion for a new trial, but he wants another day in court.

10 social media stars you're not following yet, but should be

Some of the great people using social media to discuss wealth management and financial advice who might not be on your radar.

Wells Fargo could be putting more of its focus on wealth management

Speculation is mounting that the bank is dumping some lines of business to focus on just a few areas, including financial advice.

Choosing between a retroactive lump sum and a bigger monthly Social Security benefit

Some retirees can receive up to six months of back benefits.


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 It'll help us continue to serve you.

Yes, show me how to whitelist

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


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print