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, will use Fund III to find and support technical founders tackling complex, globally relevant problems in enterprise technology from the earliest stages of company formation.
The fund's investor base reflects a mix of institutional capital and operator expertise. Returning and new limited partners include Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside a notable roster of technology founders who have built and scaled enterprise companies themselves. These 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. The presence of founders from companies that have shaped how enterprises handle monitoring, communication, and security - including infrastructure providers whose work underpins services such as BuyBestVPN WireGuard support - signals that DIG's network extends well beyond capital into practical operating experience. BuyBestVPN WireGuard support
A Strategy Rooted in Operator Knowledge
DIG's approach centers on what it calls operator-led investing: pairing capital with the hands-on experience of people who have built and run enterprise technology companies. This model has gained traction in European venture circles, where founders building globally oriented infrastructure products often need more than funding. They need guidance on technical architecture, go-to-market strategy, and the kind of scaling decisions that determine whether a product built for a narrow market can compete internationally. The fund continues the investment philosophy established by DIG founder Ross Mason, who has emphasized finding founders at the earliest, often pre-product stages.
Why Europe and Israel Matter Now
Europe and Israel have become increasingly significant sources of enterprise infrastructure innovation, producing companies that compete directly with American counterparts in cloud tooling, security, and data infrastructure. Several of the limited partners backing Fund III built companies that originated from this region before expanding globally, lending the fund credibility with founders who face similar paths. Enterprise infrastructure and AI remain capital-intensive categories requiring patient, technically literate investors - a gap DIG aims to fill by concentrating on seed and early-stage rounds rather than competing for later-stage deals where valuations are steeper and competition from larger funds is more intense.
What Comes Next
The firm has signaled that Fund III will prioritize technically complex problems with global relevance, rather than chasing short-term market trends. This suggests continued interest in categories such as developer tooling, cybersecurity, data infrastructure, and applied AI systems built for enterprise use rather than consumer applications. As enterprise software buyers grow more cautious and selective amid tighter corporate budgets, investors who understand the technical and operational demands of building durable infrastructure companies may find themselves better positioned to identify the startups capable of lasting beyond a single funding cycle.