Air Street Capital Closes $232M Fund to Back Next Generation of AI-First Startups

Air Street Capital has announced the close of its third fund at over $232 million, positioning it as Europe’s largest solo general partner venture firm focused on artificial intelligence. The fund will target early-stage AI-first companies across North America and Europe, reinforcing the firm’s strategy of backing foundational technologies shaping multiple industries.

Founded by Nathan Benaich, Air Street operates under a solo GP model designed to enable fast, high-conviction investment decisions. The firm plans to lead pre-seed and seed rounds while maintaining flexibility to support companies through later growth stages.

Air Street’s portfolio includes companies across software, infrastructure, and applied AI, reflecting a broad investment approach spanning enterprise systems, scientific innovation, and compute infrastructure. The new fund strengthens its capacity to support emerging AI companies during critical early development phases.

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