DIG Ventures Closed €106 Million Third Fund
The firm targets 30 European AI and cloud startups for early-stage investment and U.S. expansion support.
Updated on Oct. 1, 2026 in Startups
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DIG Ventures has closed its third fund at €106 million ($120 million) to support foundational enterprise software and AI infrastructure. The firm will deploy this capital to back 30 European pre-Seed and Seed-stage companies.
Why it matters
The fund accelerates the growth of European AI infrastructure providers by providing operator-led guidance for expansion into the U.S. market. This approach follows the firm's track record where 80% of its second fund portfolio secured additional institutional capital within two years.
The new fund totals €106 million, representing a 17.8% increase over the €90 million raised for the previous fund in April 2025. DIG Ventures reports that 80% of its prior fund companies successfully raised follow-on institutional capital.
The players
DIG Ventures
An operator-led venture firm headquartered in London that focuses on enterprise software and AI infrastructure.
Ross Mason
The founder of DIG Ventures who previously led MuleSoft to a €5.3 billion acquisition by Salesforce.
The details
DIG Ventures operates as an operator-led venture firm, a model where investors leverage direct experience in building software companies to assist startups in early development. The team focuses on guiding European founders through the complex process of scaling operations and securing entry into the United States market. This investment strategy centers on foundational technologies, specifically those targeting the enterprise software and AI infrastructure sectors.
Timeline
2018: DIG Ventures was founded.
April 2025: The firm closed its second fund at €90 million.
March 2026: Portfolio company Dash0 raised a €94 million Series B round.
September 2026: Portfolio company Jack & Jill raised €34.68 million in Series A funding.
October 1, 2026: DIG Ventures announced the final closing of its third fund.
The Tech Race
The fund follows the established trend of operator-led venture capital firms gaining prominence within the European enterprise software ecosystem. It aims to replicate the success seen in previous investments like the €94 million series B raised by Dash0 in March 2026.
European pre-Seed and Seed-stage startups in the AI and cloud infrastructure space will be the primary beneficiaries of this capital. Founders should note that the firm typically acts as a lead investor and focuses heavily on providing the operational support required for U.S. market entry.
The takeaway
The firm’s focus on enterprise software suggests a sustained belief in the infrastructure layer of AI. Monitor upcoming funding announcements from the 30 companies eventually backed by this fund to gauge the success of their U.S. expansion efforts.
Further reading
For broader trends in the European venture landscape, read more in Startups.
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