Air Street Capital Raises $232M Fund III, Europe’s Largest Solo GP Venture Fund

The firm focuses on AI-first companies in North America and Europe, leading early-stage investments with checks from $500,000 to $15 million, and select growth rounds up to $25 million.

Founded in 2019, Air Street was established on the belief that AI would become a core driver of technological innovation.

With Fund III, Air Street is now the largest solo GP venture firm in Europe a structure designed to enable faster, high-conviction decision-making.

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According to Benaich: “When I started investing in 2013, deep learning was largely confined to research labs. Yet I was convinced… the most important technology companies of our generation will be built AI-first. AI is a force multiplier for technological progress, and everything around us is ultimately a product of intelligence.”

Air Street has cultivated a broader AI ecosystem through initiatives such as The State of AI Report, the RAAIS (Research and Applied AI Summit), and a global network of approximately 3,000 AI researchers and builders.

The firm has also contributed to policy and ecosystem development, including reforms to university spinout frameworks now adopted by the UK government.

Benaich shared: “Fund III launches into what I believe is the most transformational period in technology of our generation. Capabilities that seemed like magic a decade ago are now real, usable, and creating enormous value. Air Street is built for exactly this moment.”

About Air Street Capital

Air Street Capital is a venture capital firm focused on AI-first companies in North America and Europe. It backs early-stage and growth ventures while promoting a global AI ecosystem through research, summits, and policy initiatives.