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DIG Ventures Launches $100M Fund to Back Early-Stage Tech Startups in Europe

Prime Highlights:

  • DIG Ventures closes $100 million fund to invest in early-stage B2B SaaS, AI, and cloud infrastructure companies in Europe, Israel, and the U.S.​
  • Ross Mason started DIG Ventures, and it focuses on operator-led go-to-market support to technical founders.​

Key Facts:

  • DIG Ventures’ new fund is supported by LPs such as The Hillman Company, Granite Capital, Sofina, and Grove Street.​
  • The fund has already invested in companies such as Dash0, Nexos.ai, and PolyAPI.​

Key Background:

DIG Ventures, launched by Ross Mason, the initial founder of MuleSoft, and Melissa Klinger, previous U.K. sales lead at MuleSoft, declared closing its second fund at a total size of $100 million. The fund will invest in pre-seed and seed-stage B2B SaaS startups, AI, and cloud infrastructure startups. Although focusing mainly on European startups, DIG Ventures also seeks opportunities in the U.S. and Israel. The fund’s limited partners are The Hillman Company, Granite Capital, Sofina, and Grove Street, with other investors including Datadog co-founder Olivier Pomel and some of MuleSoft executives.

DIG Ventures has established itself as an operator-backed, leveraging members’ collective entrepreneurial background in order to offer technical founders practical advice. Ross Mason quoted the model of the fund as means to engage earlier than other funds with founders in most cases, and concentrating on taking technical offerings and making them successful market solutions. Melissa Klinger pointed at the go-to-market experience expertise of the fund, especially advanced technical products, such that it can help founders bundle and successfully sell their inventions.

The fund already started investing and has invested in observability platform Dash0, AI orchestration platform Nexos.ai, and enterprise middleware vendor PolyAPI. These are the results of DIG Ventures’ belief in investing in startups that are within their regions of interest and can leverage the maximum benefits out of their operator-led investment model. Through a strong financial commitment and comprehensive industry expertise, DIG Ventures will emerge as an optimal driver for Europe’s and the world’s outside-of-Europe next-generation technology startups.