DIG Ventures has closed its third fund at $120 million, deepening its bet on early-stage enterprise infrastructure and artificial intelligence startups across Europe and Israel. The firm, known for its operator-led approach to venture investing, says the new capital will extend a strategy built around identifying technical founders long before their companies reach broader visibility. Fund III arrives at a moment when European enterprise technology is drawing increasing attention from global investors, even as the continent's startup ecosystem continues to mature at its own pace.
Who Is Backing the Fund
The fund's limited partner roster reflects a mix of institutional and founder-led capital. Returning and new backers include Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside other investors who have supported DIG's earlier vehicles. Just as individuals increasingly rely on tools like a cheap vpn to protect their digital footprint while working across borders, enterprise infrastructure startups are increasingly expected to build security and privacy considerations into their products from the outset - a trend that shapes how firms like DIG evaluate early-stage companies. That expectation has become a defining feature of enterprise software investing, where buyers demand resilience against an expanding range of cybersecurity threats. cheap vpn
Notably, the fund counts several prominent technology founders among its 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 committed capital. Their involvement signals something beyond financial backing: these are operators who have built and scaled enterprise technology companies themselves, and their presence as investors suggests a belief that DIG's thesis - finding technical founders early and supporting them deeply - reflects how the best enterprise companies actually get built.
Why Enterprise Infrastructure and AI Matter Now
Enterprise infrastructure has quietly become one of the most consequential categories in technology investing. Unlike consumer applications, infrastructure companies solve foundational problems - data storage, observability, security, computing efficiency - that underpin everything built on top of them. As artificial intelligence systems demand more computing power, more data pipelines, and more rigorous monitoring, the infrastructure layer supporting those systems has grown in strategic importance. Investors increasingly view this intersection of AI and infrastructure as one of the more durable opportunities in technology, less susceptible to short-term hype cycles than consumer-facing AI products.
Europe and Israel, in particular, have produced a disproportionate share of infrastructure-focused founders relative to the size of their venture markets. Strong engineering talent, combined with a tendency toward globally oriented product thinking from day one, has made the region fertile ground for companies that eventually serve customers far beyond their home markets.
DIG's Operator-Led Philosophy
DIG Ventures positions itself as an operator-led firm, a model in which investment decisions and founder support draw heavily on firsthand experience building companies, rather than purely financial analysis. The approach, originally shaped by DIG founder Ross Mason, emphasizes working closely with technical founders at the earliest stages, often before a product is fully formed. Fund III continues that same investment philosophy, with a stated focus on founders tackling technically complex, globally relevant enterprise infrastructure and AI problems. As enterprise technology grows more intertwined with questions of security, scalability, and data governance, that early, hands-on support may prove increasingly valuable to founders navigating both technical and market complexity.