DIG Ventures is a London-based venture capital firm focused on enterprise AI and cloud infrastructure companies. Founded in 2018 by Ross Mason, founder of MuleSoft, the firm backs technical founders at the earliest stages of company formation and helps them expand into the US market. Its Fund III targets 30 European pre-Seed and Seed-stage companies working across data, identity, compliance, and orchestration layers.
Investors: Horsley Bridge, Sofina, Granite, and a leading US university endowment, alongside entrepreneurial LPs including founders of Slack, Datadog, Nord Security, Cast AI, Supercell, and Dash0
The €106 million ($120 million) close of Fund III, ranking in the top decile globally for its vintage and size per Carta benchmarking data, signals continued institutional appetite for early-stage European infrastructure bets even as AI development costs fall. The fund's explicit focus on the foundational control points of AI systems, including data, identity, compliance, and orchestration, reflects a growing conviction that differentiation in AI software will shift toward infrastructure rather than application layers. With 80% of Fund II companies raising additional institutional capital within two years and more than 90% entering the US market commercially within a year, the fund's track record gives it a concrete basis for attracting both capital and founders.