Air Street Capital raises $232M for AI investments

Air Street Capital has successfully closed its third fund, securing $232 million to invest in early-stage artificial intelligence companies across Europe and North America. This significant raise positions Air Street as one of Europe's largest solo venture capital funds. The firm plans to make check sizes ranging from $500,000 to $15 million, with potential for up to $25 million in select growth investments. Air Street has a proven track record, having previously backed notable AI unicorns and seen successful exits from portfolio companies.