Aspire11 Deploys First €100 Million of €515 Million Fund into Revolut, Databricks, ElevenLabs
Updated
Updated · EU-Startups · Jul 14
Aspire11 Deploys First €100 Million of €515 Million Fund into Revolut, Databricks, ElevenLabs
2 articles · Updated · EU-Startups · Jul 14
Summary
€100 million from Aspire11’s €515 million pension-backed fund has been deployed into companies including Revolut, Databricks, VAST Data, Vinted, ElevenLabs and Baseten.
The Prague-based firm said the tranche is meant to channel more European pension capital into venture and growth investing, where it argues the region remains underexposed.
Zaya Kadyrova, formerly of Ontario Teachers’ Pension Plan, joined as co-founder alongside the announcement, with Aspire11 using two strategies spanning early-stage managers and later-stage growth companies.
Europe’s pension funds allocate about 4% of assets to private markets versus roughly 21% at leading Canadian peers, while median time to IPO has stretched to 11 years and private unicorns are valued at about €6.4 trillion.
Including Aspire11’s deployed tranche, related 2026 capital announcements tracked by EU-Startups total at least €392 million, underscoring broader momentum in private-markets infrastructure and investment technology.