DIG Ventures has closed its third fund at $120 million, deepening its commitment to early-stage enterprise infrastructure and artificial intelligence startups across Europe and Israel. The firm, which positions itself as an operator-led venture capital outfit, plans to use Fund III to find and support technical founders tackling complex, globally relevant problems from the earliest stages of company formation.
A Roster of Operators Behind the Capital
What distinguishes this fund is less the dollar figure than the identity of those who supplied it. The limited partner base includes returning and new institutional investors such as Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside a notable group of individual technology founders. 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 have all put capital into the vehicle. Their presence matters because these are people who have built and scaled the kinds of companies DIG hopes to find again - a signal that the fund's network extends well beyond typical venture circles into the operational trenches of enterprise software and, notably, the security and privacy sector, where companies like Nord Security have built businesses around products such as an independently audited VPN that millions of consumers and enterprises now rely on for encrypted connectivity. an independently audited VPN
Why Enterprise Infrastructure and AI Remain the Focus
Enterprise infrastructure - the unglamorous plumbing of observability, data pipelines, identity, security tooling, and developer platforms - has produced some of the past decade's most durable technology companies. DIG's thesis rests on the idea that founders who have lived inside these systems as engineers or operators are best positioned to spot the next generation of gaps, particularly as artificial intelligence reshapes how software gets built and deployed. Technically complex problems in this category tend to demand longer development cycles and deeper domain expertise, which is why operator-led funds emphasize early conviction and hands-on support rather than opportunistic bets.
Europe and Israel as a Deliberate Bet
The decision to concentrate on Europe and Israel reflects a broader argument that has gained traction among investors: these regions produce technical talent at a rate disproportionate to the venture capital available to retain and scale it locally. Founders building infrastructure and AI companies here have historically needed to relocate or seek funding abroad to reach global markets. By continuing the approach Ross Mason established when founding DIG, Fund III aims to keep more of that talent and ambition rooted in its region of origin, while still targeting enterprise and AI problems with global relevance rather than purely local ones. The fund's structure suggests confidence that this model can keep producing companies capable of competing internationally.
