DIG Ventures has closed a $100m fund – the firm’s first institutional fund – backed by leading LPs and some of Europe’s best entrepreneurs.
The firm was launched in 2018 by Briton Ross Mason, founder of integration software giant MuleSoft, which was acquired by Salesforce that year for $6.5bn.
Beginning as Mason’s family office, it has now transitioned into a VC fund which he established alongside Melissa Klinger, former UK sales lead at MuleSoft.
DIG was built to give early-stage founders hands-on, operator-led guidance in navigating go-to-market strategy and execution, helping them position and scale their companies.
It specialises in pre-seed and seed investments, typically serving as the first institutional investor in companies that often have little more than a pitch deck and a big idea. It aims to back early-stage companies across Europe in B2B SaaS, AI and cloud infrastructure.
Its portfolio includes unicorns People.ai and Karat, alongside scale-ups such as Bubble, ComplyAdvantage, PlanetScale, Rasa, Taktile, Rossum, Flock and Prophecy.
The fund is led by an experienced team of operators who have built and sold their own successful companies. Mason and Klinger are joined by Rytis Vitkauskas, founder of YPlan (acquired by Time Out) and former partner at Lightspeed, who helped establish the firm’s London office; and Scott Grimes, co-founder of Stackin’ and Uproxx (acquired by Warner Music).
The team will predominantly invest in startups based across Europe, although they will also consider startups located in Israel and the US. The team has already begun deploying capital from the fund, with over 15 B2B SaaS, AI and cloud infrastructure startups backed so far, including observability platform Dash0, founded by Instana founder Mirko Novakovi (acquired by IBM), AI orchestration platform Nexos.ai, founded by cybersecurity unicorn Nord Security founders, Tomas Okmanas and Eimantas Sabaliauskas, and enterprise middleware offering PolyAPI, founded by former MuleSoft, Google, and Oracle exec, Darko Vukovic.
Institutional LPs backing the new fund include The Hillman Company, Granite Capital, Sofina and Grove Street. The round also drew participation from some of Europe’s leading tech founders, including Datadog founder Olivier Pomel and a number of MuleSoft Executives.
“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,” said Mason.
“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.”
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