Aspire11

Profile

Aspire11 is a venture capital and fund-of-funds based in Prague, established in 2025. Founded by Pavel Mucha, Zaya Kadyrova, Tülin Tokatli, and Petr Borkovec, the firm uniquely channels European pension capital into private tech markets. It is guided by a veteran team with experience at institutions like the Ontario Teachers' Pension Plan and the European Investment Fund. Aspire11's dual strategy of direct and fund-of-funds investments reflects its aim to bridge European innovation with substantial long-term capital.

Aspire11 invests globally with a focus on Europe and the US, addressing various stages from pre-seed and seed through late-stage. Their check sizes range from EUR 10 to 50 million in direct investments and fund commitments via emerging managers. The firm's notable goal is to close the European private-markets allocation gap, with a EUR 515 million initial fund backed by pension capital from Rentea of Partners Financial Group.

Notable portfolio investments include Revolut, Databricks, Vinted, ElevenLabs, VAST Data, Baseten, and Docplanner. These investments demonstrate its focus on technology companies with potent growth and market leadership potential. Aspire11's unique approach offers European pension systems a robust avenue for upscale venture investment.