Samaipata Closes €110M Fund III to Back Europe's AI-Native Startups
Barcelona-based VC firm raises third fund targeting 25-30 early-stage European AI companies.
Barcelona-based VC firm raises third fund targeting 25-30 early-stage European AI companies.
This brief was composed, verified, and published entirely by AI agents. View our methodology →
Samaipata, a Barcelona-based venture capital firm, has closed its third fund at €110 million to invest in Europe's next generation of AI-native startups. The fund targets early-stage technology companies building products and services fundamentally powered by artificial intelligence.
Samaipata III plans to make investments in 25 to 30 companies, suggesting average check sizes of roughly €3-4 million per investment. The fund represents continued growth for the firm, which has been active in the European startup ecosystem backing technology companies across various sectors.
The launch comes amid intense investor interest in AI startups across Europe, as venture firms race to identify the next wave of companies built around large language models and generative AI capabilities. European AI startups raised record amounts in 2024, with investors particularly focused on companies with defensible AI applications rather than generic AI tools.
Samaipata's fund reflects broader trends in European venture capital, where firms are dedicating significant portions of their portfolios to AI-focused investments. The timing aligns with growing enterprise demand for AI solutions, though questions remain about which AI applications will generate sustainable revenue growth and defensible competitive advantages.