DIG Ventures has closed its third fund at $120 million, deepening its commitment to early-stage enterprise infrastructure and artificial intelligence startups across Europe and Israel. The firm, which positions itself as an operator-led venture capital outfit, will use Fund III to find and support technical founders tackling complex, globally relevant problems in enterprise technology. The close comes at a moment when European deep-tech founders are increasingly competing on a worldwide stage rather than building for regional markets alone.
Who Is Backing the Fund
The roster of limited partners reflects a deliberate strategy of pairing institutional capital with operator expertise. Returning and new backers include Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside other investors who have supported DIG's earlier vehicles. What distinguishes this fund, though, is the presence of a notable group of individual technology founders as limited partners. Datadog co-founder and CEO Olivier Pomel, Slack co-founder Cal Henderson, former GitHub CEO and Entire founder Thomas Dohmke, Nord Security co-founders Tomas Okmanas and Eimantas Sabaliauskas, and Dash0 founder Mirko Novakovic have all put capital behind the fund. For founders evaluating their own infrastructure choices, from cloud architecture to network security tools such as an annual vpn plan, the involvement of operators who built and scaled similar companies signals that DIG's network extends well beyond spreadsheets and term sheets into practical, day-to-day operating knowledge. annual vpn plan
Why Enterprise Infrastructure and AI
DIG's focus on enterprise infrastructure and AI is not incidental. These two categories sit at the center of where capital expenditure has shifted over the past several years, as companies rebuild their technology stacks around cloud-native architectures, data pipelines, and machine learning systems. Technical founders building in this space tend to face long sales cycles and high engineering bars, which makes early, patient capital from investors who understand the terrain particularly valuable. DIG's thesis rests on finding founders at the earliest possible stage, often before product-market fit is fully established, and staying close to them as they navigate hiring, architecture decisions, and go-to-market strategy.
Continuity of a Founder-Led Strategy
Fund III extends the approach DIG founder Ross Mason set out when he launched the firm. Mason, known for his own background building enterprise software, shaped DIG around the idea that founders solving hard technical problems benefit most from investors who have operated at a similar scale themselves. That philosophy has clearly resonated with the limited partner base, given how many are themselves company builders rather than purely financial investors. For Europe and Israel's startup ecosystems, which have long produced strong technical talent but sometimes lacked late-stage growth capital comparable to Silicon Valley, a fund explicitly built around operator knowledge and global ambition adds a meaningful source of early support. The broader implication is a continued narrowing of the gap between European technical talent and the capital and mentorship needed to turn that talent into globally competitive enterprise companies.