London-based DIG Ventures, an early-stage venture capital firm focused on B2B SaaS, AI, and cloud infrastructure startups in Europe, has closed a $100M (nearly €91M) fund. This is the firm’s first institutional fund.
The fund is supported by limited partners and entrepreneurs from across Europe. Institutional limited partners in DIG Ventures’ new fund include The Hillman Company, Granite Capital, Sofina, and Grove Street.
The fund also received support from tech founders, including Datadog founder Olivier Pomel and several MuleSoft executives.
DIG Ventures will use its new fund to invest mainly in startups based in Europe, while also considering opportunities in Israel and the US.
The firm has already backed over 15 startups in B2B SaaS, AI, and cloud infrastructure. Portfolio companies include Dash0, founded by Mirko Novakovic (acquired by IBM); Nexos.ai, founded by Tomas Okmanas and Eimantas Sabaliauskas; and PolyAPI, founded by Darko Vukovic.
DIG Ventures works with its portfolio companies on go-to-market strategies. The firm supports hiring, sales development, market expansion, including into the US, and preparation for future fundraising.
Ross Mason, Partner at DIG Ventures, says, “We see an enormous opportunity in Europe right now – this is the moment for the next generation of globally impactful tech companies to emerge from Europe. These founders combine deep technical brilliance with a powerful underdog mentality, but the bridge between technical excellence and commercial success is often missing. That’s where DIG comes in.”
“With Fund II, we’re doubling down on our operator-led approach: not just providing capital, but offering the lived experience, Silicon Valley mindset, operational insight, and network needed to go from zero to one. We’re here to help founders turn high-potential technology into companies that scale globally.”
Backing Europe’s ‘ambitious’ founders
DIG Ventures is a venture capital firm founded by Ross Mason in 2018 after his company MuleSoft was acquired by Salesforce for $6.5B. Initially set up as Mason’s family office, DIG later became a $100M fund. Mason co-founded the firm with Melissa Klinger, who previously led sales in the UK for MuleSoft.
The firm focuses on investing in early-stage startups in Europe, mainly in B2B software, artificial intelligence, and cloud infrastructure. It offers practical support to founders, especially in developing and executing go-to-market strategies to help them grow and prepare for future investment.
DIG Ventures is run by a team of individuals who have started and sold companies. Besides the founders Ross Mason and Melissa Klinger, the team includes Rytis Vitkauskas, who started YPlan and worked at Lightspeed, and Scott Grimes, who co-founded Stackin’ and Uproxx. Their background in building companies helps DIG understand the challenges founders face and spot new startup opportunities.
The firm focuses on pre-seed and seed investments, often acting as the first institutional investor in startups at the idea stage. Its portfolio includes People.ai and Karat, along with companies such as Bubble, ComplyAdvantage, PlanetScale, Rasa, Taktile, Rossum, Flock, and Prophecy.
Around 80 per cent of its portfolio companies raise additional funding within two years of DIG’s initial investment.
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