Aspire11 Global Fund I

Czech Republic
Series B
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About Aspire11 Global Fund I

Prague pension-capital pioneer; deployed the first €100M of its €515M inaugural fund (launched late 2025). Barbell strategy: Eternals takes concentrated €10-50M late-stage direct stakes (portfolio incl. Revolut, Databricks, ElevenLabs); Tribes is an emerging-manager fund-of-funds at pre-seed/seed. Anchored by Rentea (Partners Financial Group). Co-founders Pavel Mucha, Tulin Tokatli, Zaya Kadyrova.

Investment Focus

Location / RegionCzech Republic
Funding StageSeries B
Industry Focus
Climate Sustainability
Consumer Commerce
Deep Tech
Enterprise Software

Investor Signals Profile

active

Sweet Spot

Late-stage/pre-IPO global tech founder with category-defining vision

pension capital
fund-of-funds
late-stage direct
emerging managers
Europe-US
category-defining tech
pre-IPO
data infrastructure
AI/ML growth

Bullish Signals

€515m inaugural fund confirmedexternal
Backed by Czech pension fundsexternal
Dual strategy: Eternals (direct) + Tribes (fund-of-funds)external
Portfolio: Vinted, Vast Data proven exitsexternal
Global reach, decades-long investment horizonexternal
Databricks $7B revenue, $190B valuation momentumexternal
Baseten $13B valuation; AI inference demand compoundsexternal
Active portfolio updates; recent strategic rounds closedexternal

Contrarian Signals

First fund — no track record yetexternal
Pension LPs may slow deployment paceexternal

Founder Do's

Series B+ stage preferred
Frontier tech angle required
Long-term generational vision
Build global category leaders
Enduring growth + market leadership
Data infrastructure + AI potential

Founder Don'ts

No early-stage pre-Series B direct deals
No short-term exit narratives
No single-geography plays

Key GPs & Partners

PM
Pavel Mucha
Partner
growth-focusedoperator
TT
Tülin Tokatli
Partner
CFAVC-funds-focusedanalytical

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Fund Overview

Fund Size€515M
Saves0

Key People

Pavel Mucha, Tulin Tokatli, Zaya Kadyrova

Pavel MuchaPartner
Tülin TokatliPartner

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