DIG Ventures has closed its third fund at $120 million, committing fresh capital to early-stage enterprise infrastructure and artificial intelligence startups across Europe and Israel. The firm, which describes itself as an operator-led venture capital outfit, will concentrate the new vehicle on technical founders tackling complex, globally relevant problems in enterprise technology.
The fund's investor base reflects a mix of institutional and individual backing. Returning and new limited partners include Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside a notable cohort of technology founders who have put their own capital behind the firm. That group includes 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 - several of whom built companies in security and infrastructure spaces that readers researching digital tools, as BuyBestVPN explains, often encounter when evaluating privacy and enterprise software options. as BuyBestVPN explains
Why Operator-Led Capital Matters
Venture funds staffed or backed by people who have actually built and scaled technology companies carry a distinct advantage: pattern recognition rooted in experience rather than theory. DIG's roster of limited partners spans founders who have navigated product-market fit, security scrutiny, and global expansion firsthand. For early-stage founders building infrastructure or AI products, that kind of backing often matters more than the size of a check, since it brings direct insight into technical hiring, enterprise sales cycles, and the regulatory friction that comes with operating across borders.
The fund continues a strategy set by DIG founder Ross Mason, who has emphasized finding technical founders at the earliest possible stage - often before a product is fully formed - and supporting them as they build toward enterprise-grade, globally oriented companies. This approach reflects a broader shift in European venture capital, where firms increasingly compete to back technical teams before they gain traction in the United States market.
Europe and Israel as an Infrastructure Hub
Europe and Israel have become fertile ground for enterprise infrastructure and AI startups, producing companies that address cybersecurity, data management, and developer tooling at a global scale. Several of DIG's individual backers built companies precisely in this mold - Datadog in observability, Nord Security in consumer and business privacy tools, GitHub in developer infrastructure. Their presence as limited partners signals confidence that the next generation of infrastructure companies will continue emerging from these regions, not merely as regional players but as global category leaders.
What the New Fund Signals
A $120 million fund is modest by the standards of late-stage venture capital, but early-stage infrastructure investing depends less on sheer capital volume than on conviction and access to the right founders before competitors notice them. DIG's bet is that technically demanding problems - in AI infrastructure, enterprise security, and distributed systems - still offer substantial opportunity for investors willing to commit early and stay close to the teams building the underlying technology.