DIG Ventures has closed its third fund at $120 million, a commitment that signals continued investor appetite for early-stage enterprise infrastructure and artificial intelligence startups despite a broader venture market that has grown far more selective. The fund will concentrate on technical founders in Europe and Israel building companies around technically demanding, globally relevant problems - a niche that has produced some of the region's most consequential technology exports over the past decade.
Who Is Backing the Fund
Fund III draws on a mix of returning and new limited partners, including Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside other institutional investors. What distinguishes this roster, however, is the unusually dense presence of operator-investors: founders who built and scaled technology companies themselves are now putting capital behind the next generation. That list includes 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. For founders evaluating which investors genuinely understand the operational grind of building enterprise software - and for readers who want to understand how that network translates into practical support - it's worth taking a look at how operator-led funds structure their involvement beyond writing a check. take a look
An Operator-Led Approach to Early-Stage Investing
DIG describes itself as an operator-led early-stage venture capital firm focused on Europe, a label that matters more than it might first appear. Funds staffed and advised by people who have actually run engineering teams, sold to enterprise buyers, and navigated the slow, often unglamorous work of building infrastructure software tend to approach diligence differently than purely financial investors. They can assess technical defensibility, product-market fit in complex buyer environments, and founder resilience with a level of pattern recognition that spreadsheets alone cannot replicate. This matters particularly in enterprise infrastructure, where sales cycles are long, technical credibility is non-negotiable, and the gap between a compelling demo and a durable business can be wide.
Why Europe and Israel, and Why Now
The fund continues the strategy set by DIG founder Ross Mason, who has built the firm's thesis around finding technical founders at the earliest stages - often before product-market fit is established - and supporting them as they build companies with global ambitions from day one. Europe and Israel have increasingly produced infrastructure and AI companies that compete directly with American counterparts, yet early-stage capital in these markets has historically been thinner and more conservative than in the United States. A fund of this size, backed by operators who have lived through the scaling challenges their portfolio founders will face, adds meaningful depth to that ecosystem. As enterprise AI adoption accelerates and infrastructure requirements grow more complex, the firms capable of identifying and nurturing technical talent at the earliest, highest-risk stage are likely to shape which companies emerge as the next generation's category leaders.