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London-based venture capital firm DIG Ventures, known for backing early-stage B2B SaaS, AI, and cloud startups, has officially closed its first institutional fund at €90 million (approximately $100 million). The firm’s latest fund aims to accelerate the rise of high-impact tech startups emerging across Europe, Israel, and select parts of the US.
This new fund is supported by a strong lineup of investors, including The Hillman Company, Granite Capital, Sofina, and Grove Street. Notable tech leaders have also joined as LPs, such as Datadog founder Olivier Pomel and several former MuleSoft executives, bringing both capital and deep industry insight to the table.
Ross Mason, Partner at DIG Ventures and founder of MuleSoft, emphasized the timing and mission:
“We see an enormous opportunity in Europe right now – this is the moment for the next generation of globally impactful tech companies to emerge. 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, DIG is doubling down on its operator-led approach—not just providing funding, but also supporting founders with hands-on operational experience, Silicon Valley mindset, and global scaling strategies.
DIG Ventures was originally founded by Ross Mason and Klinger and has since expanded its leadership with the addition of Rytis Vitkauskas (founder of YPlan, ex-Lightspeed) and Scott Grimes (co-founder of Stackin’ and Uproxx). The entire team brings deep startup experience, making them highly effective in guiding new founders from “zero to one.”
Strategic Focus:
With the new fund, DIG will concentrate primarily on early-stage investments in European B2B SaaS, cloud infrastructure, and AI startups—but will also consider select opportunities in Israel and the US. The firm is already actively deploying the new capital and has backed over 15 companies.
Some of the most promising startups backed from this fund include:
- Dash0 – An observability platform created by Mirko Novakovic, founder of Instana (acquired by IBM).
- Nexos.ai – An AI orchestration platform by Nord Security founders Tomas Okmanas and Eimantas Sabaliauskas.
- PolyAPI – A modern enterprise middleware solution founded by Darko Vukovic, a former executive at MuleSoft, Google, and Oracle.
Mirko Novakovic, founder of Dash0, explained their choice to partner with DIG:
“We chose DIG Ventures because of their unique operating experience scaling a SaaS company to billion-dollar success, combined with the hands-on, entrepreneurial spirit their entire team brings to the table.”
Tomas Okmanas, co-founder of Nord Security and founder of Nexos.ai, added:
“As a serial entrepreneur I’ve seen every side of the funding landscape. The DIG team aren’t just investors; they’re in the trenches with us. Their support is second to none – a true Founder’s Fund.”
About DIG Ventures:
Founded in 2018 by MuleSoft’s Ross Mason, DIG Ventures is a pre-seed and seed-stage VC fund focused on B2B SaaS, AI, and cloud infrastructure. With a growing portfolio of startups and a founder-first approach, DIG Ventures continues to strengthen its presence across the European startup ecosystem and beyond.
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