The new fund saw support from a mix of long-term institutional investors, including pension funds, funds of funds, insurance companies, and family offices.
Vastpoint plans to invest between €500,000 and €750,000 in each startup it backs.
Aspire11’s major LP is Czech pension company Rentea, part of The Partners Group.
The pre-seed round was led by Emblem with the participation from Pareto Holdings, Plug and Play Tech Center, and Kima Ventures.
The seed funding round was led by Shilling VC, with participation from Indico Capital Partners, Pitchdrive, and Secways.
The Series A round was led by CommerzVentures, with participation from Capnamic, EnBW New Ventures, xdeck and WEPA Ventures.