DIG Ventures closed its third fund with $120 million in commitments to continue backing early-stage enterprise infrastructure and artificial intelligence startups across Europe and Israel.
Fund III will focus on technical founders building companies addressing significant global enterprise infrastructure and AI opportunities.
Returning and new limited partners include Horsley Bridge Partners, Sofina, Hillman, Granite, and other investors.
A number of prominent technology founders are also limited partners in the fund.
They include 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.
DIG describes itself as an operator-led early-stage enterprise venture capital firm focused on Europe.
The firm’s strategy centers on investing at the earliest stages and supporting technical founders as they build globally oriented enterprise technology companies.
The new fund continues the investment strategy established by DIG founder Ross Mason.
DIG plans to focus Fund III on founders building across enterprise infrastructure and AI, particularly companies targeting technically complex and globally relevant problems.
KEY QUOTE:
“We are thrilled to officially unveil DIG Ventures Fund III! With the fresh $120M, the mission that Ross Mason defined when starting DIG continues: to find at the earliest stages, back, and support exceptional technical founders in Europe and Israel going after the most consequential enterprise infrastructure and AI problems globally.”
Statement by DIG Ventures
