DIG Ventures Raises $120 Million to Back European Tech Founders

DIG Ventures has closed its third fund at $120 million, deepening its bet on early-stage enterprise infrastructure and artificial intelligence companies built by technical founders across Europe and Israel. The fund extends a strategy the firm has pursued since its founding: identifying engineers and operators tackling complex, globally relevant problems before those problems become obvious to the broader market.

Fund III draws support from a mix of institutional backers and individual operators who have built or scaled major technology companies themselves. Returning and new limited partners include Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside a notable roster of founder-investors: 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 - whose work on consumer privacy tools has shaped how millions of people think about secure browsing and where to download the apps that protect their data - and Dash0 founder Mirko Novakovic. Their involvement signals a fund built not just on capital, but on operational experience that founders can draw on directly. where to download the apps

Why Operator-Led Capital Matters

DIG describes itself as an operator-led early-stage venture firm, a distinction that matters more than it might appear. Early-stage enterprise and infrastructure startups often struggle less with raising money than with the practical mechanics of building: architecting systems that scale, navigating early enterprise sales cycles, and avoiding technical debt that can cripple a company years later. A fund stocked with people who have already lived through those challenges, rather than only underwriting them from a distance, can offer founders something closer to peer guidance than traditional investor oversight.

This approach also reflects a broader shift in venture capital toward specialization. Generalist funds still dominate headline numbers, but a growing share of the most consequential early checks in enterprise technology now come from smaller, founder-aligned vehicles with deep domain expertise. For infrastructure and AI companies in particular, where technical credibility can determine whether a startup wins its first serious customers, that distinction carries weight.

Europe and Israel as a Deliberate Focus

The fund's geographic focus is not incidental. Europe and Israel have produced a disproportionate share of infrastructure and security engineering talent relative to their venture funding totals, a gap that firms like DIG have explicitly positioned themselves to close. Continuing the strategy set by founder Ross Mason, the firm is betting that technically excellent founders in these regions are still underserved by capital that understands both the engineering problems they face and the global markets they ultimately need to reach.

That regional thesis also carries implications beyond individual portfolio returns. As enterprise infrastructure and AI increasingly intersect with questions of data sovereignty, security standards, and cross-border compliance, startups built with a global outlook from day one - rather than a purely domestic one - may be better positioned to navigate the regulatory complexity now shaping how enterprise software gets built and sold internationally.