Air Street Secures $232M Fund, Emerges as One of Europe’s Largest Solo Venture Capitalists

London-based Air Street Capital has successfully raised a substantial $232 million for its third fund, aiming to invest in early-stage AI companies in both Europe and North America. This significant fundraising effort, announced recently, positions Air Street as one of the largest solo venture capital firms in Europe.

Investments from the new fund are expected to range between $500,000 and $15 million, with a possibility for select growth investments to reach up to $25 million. Nathan Benaich, at the helm of the firm, has previously invested in prominent AI startups, contributing to its reputation. Noteworthy successes include companies like Black Forest Labs and ElevenLabs, along with successful exits from firms such as Adept and Graphcore, the latter selling to major investors like Amazon and SoftBank respectively.

Following this latest fundraising, Air Street Capital’s total assets under management are reported to be around $400 million. This marks a significant increase from its previous funds, which included $121 million for Fund II and just $17 million for Fund I in 2020.

For further details, you can check the official announcement.

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