Air Street Capital secures $232 million for AI-focused investments, solidifying its position as a major solo venture capital firm in Europe.
London’s Air Street Capital has raised $232 million for its Fund III, positioning the firm as one of Europe’s largest solo venture capital funds, according to an announcement on March 23, 2026.
The fund, led by Nathan Beniach, targets early-stage AI companies in Europe and North America, with investment sizes ranging from $500,000 to $15 million, and some growth investments up to $25 million.
Fund Growth and Portfolio Highlights
This new fund follows Air Street’s previous raises, including $121 million for Fund II and $17 million for Fund I in 2020, bringing the firm’s total assets under management to $400 million as reported by the Financial Times.
Air Street has backed prominent AI startups such as Black Forest Labs and ElevenLabs, and achieved exits including Adept, which sold to Amazon, and Graphcore, which sold to SoftBank.
The firm’s focus on AI underscores its strategy in a growing sector, with investments aimed at innovative technologies across the specified regions.
Air Street’s expansion reflects ongoing trends in venture capital, where funds are increasingly targeting AI to capitalize on market opportunities.
