tech

March 23, 2026

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

London’s Air Street Capital has raised a large Fund III with eyes locked on backing early-stage European and North American AI companies.

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

TL;DR

  • Air Street Capital has raised $232 million for its Fund III.
  • The fund will focus on early-stage AI companies in Europe and North America.
  • Investment sizes will range from $500,000 to $15 million, with growth investments up to $25 million.
  • The firm is now one of Europe's largest solo VC funds.
  • Air Street has previously invested in AI unicorns like Black Forest Labs and ElevenLabs.
  • Notable exits include Adept (sold to Amazon) and Graphcore (sold to SoftBank).
  • The firm now manages $400 million in assets.
  • Fund III is significantly larger than its previous funds ($121 million for Fund II and $17 million for Fund I).

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