Air Street becomes one of the largest solo VCs in Europe with $232M fund

London’s Air Street Capital has raised a $232 cardinal Fund III with eyes acceptable connected backing early-stage AI companies crossed Europe and North America, the steadfast announced Monday. 

Check sizes volition scope from $500,000 to $15 million, with prime maturation investments reaching up to $25 million. Led by Nathan Beniach, this rise makes Air Street 1 of Europe’s largest solo VC funds. It’s already backed notable AI unicorns similar Black Forest Labs and ElevenLabs, and has seen exits from companies similar Adept (sold to Amazon) and Graphcore (sold to SoftBank).

The steadfast present has $400 cardinal successful assets nether management, the FT reported. Its Fund II was $121 million, up from the $17 cardinal raised for Fund I backmost successful 2020.