Air Street Capital Secures $232 Million for Fund III
London‑based Air Street Capital announced on Monday that it has closed a $232 million Fund III, positioning the firm to invest in early‑stage artificial‑intelligence companies across Europe and North America.
Investment Strategy
- Check sizes: $500,000 – $15 million
- Selective growth rounds: up to $25 million
Leadership & Scale
The raise, led by partner Nathan Benaich, makes Air Street one of Europe’s largest single‑partner venture capital funds. With the new capital, the firm now manages approximately $400 million in assets, according to the Financial Times.
Track Record
Air Street’s portfolio already includes AI unicorns such as Black Forest Labs and ElevenLabs. Notable exits include:
- Adept – acquired by Amazon
- Graphcore – acquired by SoftBank
Fund History
Fund II closed at $121 million, a significant jump from the $17 million raised for Fund I in 2020.
With Fund III now live, Air Street Capital is poised to back the next generation of AI innovators shaping the future of technology.


