DIG Ventures Launches $100M Software Startup Fund
Funding | Apr 10, 2025 | UK Tech Funding
DIG Ventures, a software-focused venture capital group, has launched a new $100 million early-stage European software startup fund. The fund, targeting seed and pre-seed investments, aims to focus on the software, AI, and cloud infrastructure sectors. DIG Ventures has already invested in 15 startups, including Dash0, Nexos.ai, and PolyAPI. The fund is led by DIG Ventures partners Ross Mason and Melissa Klinger. Mason, who co-founded the group after successfully selling MuleSoft to Salesforce, is optimistic about identifying high-potential European tech companies. The fund's backing comes from institutional LPs like The Hillman Company, Granite Capital, Sofina, and Grove Street, along with contributions from MuleSoft executives and Datadog's founder.
Sectors
- Venture Capital
- Software Development
- Artificial Intelligence
- Cloud Infrastructure
Geography
- Europe – The fund targets European startups, indicating a strategic focus on this region's tech ecosystem.
- United Kingdom – Ross Mason and Melissa Klinger, the founders of DIG Ventures, have noteworthy connections to UK-based entities like MuleSoft.
Industry
- Venture Capital – The article highlights the launch of a significant venture capital fund by DIG Ventures, focusing on early-stage software investments.
- Software Development – The fund targets European businesses in software, AI, and cloud infrastructure, indicating the industry's relevance.
- Artificial Intelligence – The investment focus on AI platforms like Nexos.ai and PolyAPI positions AI as a central theme of the fund's strategy.
- Cloud Infrastructure – Part of the fund's focus is on cloud infrastructure, supporting companies in this critical technology sector.
Financials
- $100 million – The total fund size launched by DIG Ventures for early-stage software investments.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DIG Ventures | Venture Capital Firm | Company | A VC group specializing in software-focused early-stage investments. |
| Ross Mason | Co-founder & Partner | Person | Co-founder of DIG Ventures and former founder of MuleSoft. |
| Melissa Klinger | Co-founder | Person | Co-founder of DIG Ventures and former UK sales lead at MuleSoft. |
| The Hillman Company | Institutional LP | Company | One of the institutional LPs backing the fund. |
| Granite Capital | Institutional LP | Company | Another institutional LP backing the fund. |
| Sofina | Institutional LP | Company | One of the supporting institutional LPs for the fund. |
| Grove Street | Institutional LP | Company | An institutional LP backing the fund. |
| Olivier Pomel | Investor | Person | Founder of Datadog and contributor to the fund. |
| Rytis Vitkauskas | Partner | Person | Partner at DIG Ventures, former Lightspeed partner, and founder of YPlan. |
| Scott Grimes | Partner | Person | Co-founder of Uproxx and partner at DIG Ventures. |