DIG Ventures Completes $120 Million Third Fundraising

DIG Ventures, a venture capital firm, has announced the completion of its third fundraise, totaling $120 million, primarily investing in AI-native enterprise software and cloud infrastructure startups in Europe. The fund has received support from Horsley Bridge, Sofina, Granite, and a top U.S. university endowment fund, with entrepreneur LPs including founding team members from companies such as Slack, Datadog, Nord Security, Cast AI, Supercell, and Dash0. DIG Ventures stated that Fund III will focus on supporting approximately 30 companies, with investment directions including data, identity verification, compliance, and orchestration infrastructure that underpin AI-native enterprise software. The fund plans to lead the majority of investment rounds and has already begun deploying capital. DIG Ventures was founded in 2018 and is co-led by Ross Mason, founder of MuleSoft, Melissa Klinger, former UK sales head at MuleSoft, and Rytis Vitkauskas, founder of YPlan. The firm’s previous portfolio includes AI observability platform Dash0, AI HR platform Jack & Jill, and AI orchestration platform Nexos.ai.

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