Inspired Capital Partners raises $200m

The New York-based venture capital firm closed its debut fund at its target.

Inspired Capital Partners held a final closing of its first fund, Inspired Capital Partners I, at its $200 million target. Capital raised by the vehicle will be used to invest in early-stage companies that are technologically efficient.

Fund I received commitments from several institutional investors including endowments, pensions and foundations. Inspired Capital has already used committed capital for investments in several companies including Rho, a bank that conducts digital business, and Chief, which is a network for female leaders.