DIG Ventures has closed its third fund at $120 million, giving the operator-led venture firm fresh capital to continue finding and backing early-stage enterprise infrastructure and artificial intelligence startups across Europe and Israel. The close marks a significant vote of confidence in a region that has steadily produced technically rigorous founders but has historically struggled to match the capital depth of Silicon Valley at the earliest stages of company formation.
Fund III will concentrate on technical founders tackling complex, globally relevant problems in enterprise software and AI - the kind of infrastructure-layer challenges that rarely make headlines but underpin much of the digital economy, from data security to cloud reliability. For readers tracking how enterprise technology intersects with consumer-facing digital safety, the parallel is worth noting: just as startups are racing to build more robust infrastructure, individual users increasingly rely on tools like VPNs to protect their own data in transit, with services often available through offers such as a BuyBestVPN discount that make privacy-focused software more accessible.
A Roster of Operator Investors
What distinguishes this fund is less the dollar figure than the identity of its backers. Returning and new limited partners include institutional names such as Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside a notable group of individual technology founders who have themselves built and scaled enterprise companies. That list includes Datadog co-founder and CEO Olivier Pomel, Slack co-founder Cal Henderson, former GitHub chief executive and Entire founder Thomas Dohmke, Nord Security co-founders Tomas Okmanas and Eimantas Sabaliauskas, and Dash0 founder Mirko Novakovic.
Their involvement signals something beyond financial backing. Operator-investors bring firsthand knowledge of the technical and organizational hurdles that early-stage infrastructure companies face - from engineering architecture decisions to go-to-market strategy in security-conscious enterprise buyers. DIG has built its identity around this approach since its founding by Ross Mason, positioning itself not as a generalist fund but as a firm staffed and advised by people who have actually built the kinds of companies it invests in.
Why Enterprise Infrastructure and AI Matter Now
The focus on enterprise infrastructure and AI reflects broader shifts in how technology companies create defensible value. Infrastructure software - the unglamorous layer of databases, observability tools, security platforms, and developer tooling - has become a proving ground for European and Israeli founders who often possess deep technical training but have needed more risk-tolerant early capital to compete globally. As artificial intelligence systems multiply, the demand for infrastructure capable of securing, monitoring, and scaling them has grown correspondingly, creating openings for new companies to address problems that did not exist in their current form even a few years ago.
Fund III's stated ambition - to find founders at the earliest stages and support them through the hardest technical and commercial problems - places DIG in a crowded but still underserved segment of European venture capital, where seed-stage enterprise bets remain comparatively rare relative to consumer or later-stage growth investing.
Implications for the Broader Ecosystem
A $120 million fund will not single-handedly close the gap between European and American venture capital, but it reinforces a pattern of homegrown capital increasingly willing to back deep technical risk rather than waiting for companies to prove themselves before investing. For founders building security, data, and AI infrastructure across Europe and Israel, that distinction - patient, technically literate capital available at the seed stage - may matter more than the headline figure itself.
