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Air Street Capital Launches $232M AI Venture Fund
24 Mar
Summary
- London-based Air Street Capital secured $232 million for its Fund III.
- The fund targets early-stage AI companies in Europe and North America.
- This significant raise positions Air Street as a major European VC fund.
Air Street Capital, a London-based venture capital firm, has announced the successful closure of its $232 million Fund III. This new fund is specifically designed to support early-stage artificial intelligence companies. The investment focus spans both European and North American markets, signaling a significant commitment to the global AI sector.
Led by Nathan Beniach, this substantial capital raise elevates Air Street Capital's standing as one of Europe's leading independent venture capital firms. The firm has already demonstrated its acumen by investing in prominent AI unicorns and achieving successful exits from companies like Adept and Graphcore.
With the addition of Fund III, Air Street Capital now manages a total of $400 million in assets. This growth is a notable increase from its previous funds, which included $121 million for Fund II and $17 million for Fund I established in 2020.
