London-based DIG Ventures, an early-stage VC agency backing European B2B SaaS, AI and cloud infrastructure startups, has introduced the profitable closing of a €90 million Fund – the agency’s first institutional fund.
Institutional LPs backing the brand new fund embrace The Hillman Firm, Granite Capital, Sofina and Grove Avenue. The spherical additionally drew participation from some tech Founders, together with Datadog Founder Olivier Pomel and various MuleSoft Executives.
Ross Mason, Accomplice at DIG Ventures, feedback: “We see an infinite alternative in Europe proper now – that is the second for the subsequent technology of worldwide impactful tech firms to emerge from Europe. These founders mix deep technical brilliance with a strong underdog mentality, however the bridge between technical excellence and industrial success is usually lacking. That’s the place DIG is available in.
“With Fund II, we’re doubling down on our operator-led method: not simply offering capital, however providing the lived expertise, Silicon Valley mindset, operational perception, and community wanted to go from zero to at least one. We’re right here to assist founders flip high-potential know-how into firms that scale globally.”
DIG Ventures was launched in 2018 by Ross Mason, founding father of integration software program big MuleSoft, which was acquired by Salesforce for €5.9 billion. DIG started as Mason’s household workplace earlier than transitioning right into a VC Fund, which he established alongside Melissa Klinger, former UK gross sales lead at MuleSoft.
DIG was constructed to provide early-stage founders hands-on, operator-led steerage in navigating go-to-market (GTM) technique and execution, serving to them place and scale their firms.
Mason and Klinger are joined by: Rytis Vitkauskas, founding father of YPlan (acquired by Time Out) and former Accomplice at Lightspeed ; and Scott Grimes, Co-founder of Stackin’ and Uproxx (acquired by Warner Music).
This founder-led staff appears to provide DIG a bonus in each understanding what entrepreneurs want and figuring out the subsequent technology of breakout firms.
By means of the brand new fund, the staff will predominantly put money into startups based mostly throughout Europe, though they can even take into account startups situated in Israel and the US.
The staff has already begun deploying capital from the fund, with over 15 B2B SaaS, AI and cloud infrastructure start-ups backed up to now; together with observability platform Dash0, based by Instana founder Mirko Novakovic (acquired by IBM), AI orchestration platform Nexos.ai, based by cybersecurity unicorn Nord Safety founders, Tomas Okmanas and Eimantas Sabaliauskas, and enterprise middleware providing PolyAPI, based by former MuleSoft, Google, and Oracle exec, Darko Vukovic.
Mirko Novakovic, Founding father of Dash0, provides: “We selected Dig Ventures due to their distinctive working expertise scaling a SaaS firm to billion-dollar success, mixed with the hands-on, entrepreneurial spirit their complete staff brings to the desk. Their experience and proactive method make them precisely the accomplice Dash0 wants at this vital progress stage.”
DIG Ventures specialises in pre-Seed and Seed investments, sometimes serving as the primary institutional investor in firms that “typically have little greater than a pitch deck and a giant thought“. The portfolio consists of unicorns Individuals.ai and Karat, alongside scale-ups equivalent to Bubble, ComplyAdvantage, PlanetScale, Rasa, Taktile, Rossum, Flock and Prophecy.
In keeping with DIG, 80% of firms of their portfolio go on to lift once more inside two years of DIG’s preliminary funding.
Tomas Okmanas, Co-founder of Nord Safety, feedback: “As a serial entrepreneur, I’ve seen each aspect of the funding panorama – from bootstrapping to main raises. These experiences have proven me the worth of traders who don’t simply perceive the technical aspect however have lived the scale-up journey themselves. The DIG staff aren’t simply traders; they’re within the trenches with us, serving to us navigate go-to-market, pricing, and the gross sales course of. Their assist is second to none – a real Founder’s Fund.”
