Samaipata Closes €70M First Close on €110M Fund III — Europe's AI Application Layer in Focus

TL;DR

Madrid-based pan-European VC Samaipata has launched Fund III with a €110M target, holding a first close at €70M in February 2026. The fund backs 25-30 European tech companies at late seed and pre-Series A building AI-native products — a deliberate thesis evolution from the firm's roots in digital platforms with network effects. Anchor LPs include Germany's KfW and Spain's SETT, with returning capital from Spanish family offices and founders from previous portfolio companies. With ~€250M in AUM across three funds and an 80% Series A conversion rate on Fund I, Samaipata is one of the most established late-seed platforms in Southern Europe and expanding aggressively into Germany, France, and the UK.

Full article: https://fundmomentum.vc/blog/samaipata-fund-iii-110m-europe-ai-startups-2026