European VC Targets AI Infrastructure with New $120 Million Fund
European venture capital firm DIG Ventures has closed its third fund, securing $120 million in capital commitments. The fund's investment thesis is sharply focused on early-stage European startups operating at the intersection of AI-native applications and cloud infrastructure.
Backed by Institutional and Founder Capital
The fund's limited partners represent a blend of institutional and strategic capital. Investors include firms like Horsley Bridge and Sofina, a U.S. university endowment, as well as founders of prominent technology companies such as Slack, Datadog, Nord Security, and Supercell. This combination provides the fund with both financial firepower and valuable industry expertise.
Investment Focus: Leading Rounds in 30 Early-Stage Startups
DIG Ventures plans to act as a lead investor in approximately 30 European companies at the pre-seed and seed stages. Capital deployment has already begun. Founded in 2018 by Ross Mason, co-founder of MuleSoft, and others, the firm's latest fund underscores its deepening commitment to fostering Europe's next generation of foundational technology companies.
The close of this fund arrives amid sustained global investor interest in artificial intelligence, positioning DIG to support European innovators building the underlying platforms for the AI era.