London’s Air Street Capital has secured a $232 million Fund III to invest in early-stage AI companies in Europe and North America, as announced Monday. Investment sizes will vary from $500,000 to $15 million, with some growth investments going up to $25 million. Headed by Nathan Beniach, this fundraising places Air Street among Europe’s largest solo VC funds. It has supported significant AI firms like Black Forest Labs and ElevenLabs, with successful exits including Adept (acquired by Amazon) and Graphcore (acquired by SoftBank). The firm’s assets under management now total $400 million. Fund II was $121 million, increasing from the $17 million raised for Fund I in 2020.
Air Street Emerges as Leading Solo VC in Europe with $232M Fund
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