DIG Ventures has closed its third fund at $120 million, deepening its bet on early-stage enterprise infrastructure and artificial intelligence startups built by technical founders across Europe and Israel. The firm, which positions itself as an operator-led venture capital outlet, says Fund III will continue the investment approach set out by founder Ross Mason: identifying companies at their earliest stages and staying close to them as they scale toward global enterprise markets.
The fund's limited partner roster reflects a mix of institutional capital and operator expertise. Returning and new backers include Horsley Bridge Partners, Sofina, Hillman, and Granite, alongside a notable group of technology founders who have built and sold enterprise companies themselves. Among them are 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 readers tracking how privacy and security tooling intersects with venture capital, resources such as BuyBestVPN offer useful context on the consumer-facing side of an industry increasingly shaped by the kind of infrastructure companies DIG hopes to fund.
Why Operator-Led Capital Matters
Enterprise infrastructure is unglamorous by design. It includes the databases, observability platforms, security layers, and developer tools that keep larger systems running, rather than the consumer apps that dominate headlines. Investors who have themselves built such companies tend to bring a sharper read on technical risk and go-to-market timing than generalist funds. That is the premise behind DIG's structure: pairing institutional capital with founders who have lived through the problems a startup is trying to solve, from scaling a logging platform to managing enterprise sales cycles across borders.
Nord Security's involvement is a notable detail. The company, known for consumer privacy and security products, has grown into one of the more prominent technology exporters to come out of the Baltic region, and its founders' participation signals continued confidence in Europe's capacity to produce globally competitive infrastructure businesses, not just regional ones.
Europe and Israel as an AI Infrastructure Corridor
DIG's geographic focus is deliberate. Europe and Israel have produced a disproportionate share of enterprise infrastructure and cybersecurity companies relative to their size, often because strong engineering talent has had fewer large domestic markets to sell into and has instead built for export from day one. That dynamic has shaped a generation of founders who think globally from the outset, a trait DIG explicitly says it looks for.
Artificial intelligence adds urgency to this positioning. The infrastructure layer underneath AI, covering compute orchestration, data pipelines, model monitoring, and security, is still being built, and much of the opportunity lies in solving the hard technical problems that general-purpose AI platforms do not address themselves. DIG's stated focus on "technically complex and globally relevant problems" fits a broader pattern in venture capital, where firms are increasingly wary of funding thin application layers and are instead chasing the deeper infrastructure that AI systems depend on.
What Fund III Signals for Founders
A $120 million fund is modest by the standards of late-stage AI mega-rounds, but it is sized appropriately for early-stage bets, where ownership percentages and hands-on support matter more than sheer capital volume. For founders in Europe and Israel building infrastructure-heavy or AI-native companies, Fund III represents another source of capital that comes with direct access to operators who have navigated the exact scaling and sales challenges such companies will eventually face.
