Mason's $100m Fund Empowers Europe's Tech Innovators
Funding | Apr 10, 2025 | Business Cloud
Ross Mason, renowned for the $6.5 billion exit of MuleSoft, has launched a $100 million venture capital fund under DIG Ventures. Originally Mason's family office, DIG has evolved to offer operator-led, hands-on guidance to early-stage startups primarily in B2B SaaS, AI, and cloud infrastructure sectors across Europe. This fund marks DIG's first institutional fund, with contributions from leading institutional LPs and European tech entrepreneurs. Joining Mason are co-founders Melissa Klinger, Rytis Vitkauskas, and Scott Grimes, who bring their entrepreneurial and operational expertise to support startups. Already, DIG Ventures has invested in over 15 startups, including renowned firms like Dash0 and Nexos.ai. The initiative underscores Europe's readiness for the next tech wave, bridging the gap between technical prowess and commercial viability.
Sectors
- Venture Capital
- Technology
- Software
Geography
- Europe – DIG Ventures is focusing its investments on tech startups across Europe.
- United States – Some investments and fund operations potentially extend to startups based in the United States.
- Israel – DIG Ventures is also considering investments in Israeli startups.
Industry
- Venture Capital – This industry is relevant as DIG Ventures has launched a $100 million venture capital fund.
- Technology – DIG Ventures targets investments in technology sectors including B2B SaaS, AI, and cloud infrastructure.
- Software – The article discusses investments in software-related fields such as B2B SaaS and these sectors form a core area of DIG Ventures' investment focus.
Financials
- $100 million – The fund size announced by DIG Ventures as its first institutional fund.
- $6.5 billion – The acquisition value of MuleSoft by Salesforce.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ross Mason | Founder | Person | Ross Mason is the founder of DIG Ventures and MuleSoft. |
| DIG Ventures | Venture Capital Firm | Company | A venture capital firm focused on early-stage B2B SaaS, AI, and cloud infrastructure startups. |
| MuleSoft | Target Company in previous transaction | Company | MuleSoft was founded by Ross Mason and acquired by Salesforce for $6.5 billion. |
| Melissa Klinger | Co-Founder | Person | Former UK sales lead at MuleSoft and co-founder of DIG Ventures. |
| Rytis Vitkauskas | Partner | Person | Founding member of YPlan, he joined DIG Ventures bringing valuable insights into tech entrepreneurship. |
| Scott Grimes | Partner | Person | Co-founder of Stackin and Uproxx, Scott joined DIG Ventures to provide entrepreneurial expertise. |
| The Hillman Company | Institutional LP | Company | One of the institutional LPs backing DIG Ventures' $100m fund. |
| Granite Capital | Institutional LP | Company | An institutional LP supporting the new DIG Ventures fund. |
| Sofina | Institutional LP | Company | Backer of DIG Ventures' venture capital ambitions as an institutional LP. |
| Grove Street | Institutional LP | Company | Contributing institutional LP for DIG Ventures. |
| Dash0 | Portfolio Company | Company | Startup in the DIG Ventures portfolio, founded by Instana founder. |
| Nexos.ai | Portfolio Company | Company | AI orchestration platform and DIG Ventures portfolio company. |
| PolyAPI | Portfolio Company | Company | Enterprise middleware offering and part of DIG Ventures’ investments. |