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


Regulators' gloves are coming off with cybersecurity. Put up your dukes with these tips

Updated guidelines and some of the first-ever rule enforcements signal that regulators are getting serious about holding firms accountable for data breaches, according to special projects editor Liz Skinner and technology reporter Ryan Neal.

Video Spotlight

We started as a boutique firm with huge ambitions. Schwab was a perfect fit.

Sponsored by Schwab: Advisor Services

Recommended Video

Keys to a successful deal

Latest news & opinion

Here's how advisory firms compensate their employees

Schwab’s report on RIA pay details median compensation for a range of positions

Raymond James buys Silver Lane Advisors, an investment bank for RIA mergers

Expanding unit taps into M&A trends in the wealth management space.

Final pass-through rules deliver good and bad news for advisers

The final regs are a boon to rental-property owners and some mutual fund shareholders, but some clients' deduction may be diluted.

Finra focuses exam priorities on investor-protection threats

Online distribution of private placements pops up; exchange-traded products cause suitability worries.

10 public companies that boosted their ESG ratings in 2018

These 10 companies increased their environmental, social and governance scores last year.


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