London, UK – Thursday 10th April 2025 – DIG Ventures, the early-stage VC firm backing Europe’s most impactful B2B SaaS, AI and cloud infrastructure startups, has announced the successful closing of a $100 million fund – the firm’s first institutional fund – backed by leading LPs and some of Europe’s best entrepreneurs.
DIG Ventures was launched in 2018 by Ross Mason, founder of integration software giant MuleSoft, which was acquired by Salesforce for $6.5 billion. DIG began as Mason’s family office before transitioning into a VC fund, which he established alongside Melissa Klinger, former UK Sales Lead at MuleSoft. DIG was built to provide hands-on, operator-led guidance for early-stage founders navigating go-to-market (GTM) strategy and execution.
The fund is led by an experienced team of operators who have built and sold their own companies. In addition to Mason and Klinger, the team includes:
- Rytis Vitkauskas, founder of YPlan (acquired by Time Out) and former Partner at Lightspeed.
- Scott Grimes, co-founder of Stackin’ and Uproxx (acquired by Warner Music).
This founder-led team gives DIG a unique edge in understanding founders’ needs and identifying the next generation of breakout companies.
DIG Ventures specializes in pre-seed and seed investments, often acting as the first institutional investor in companies that may only have a pitch deck and a big idea. The portfolio includes unicorns People.ai and Karat, alongside high-growth companies such as Bubble, ComplyAdvantage, PlanetScale, Rasa, Taktile, Rossum, Flock, and Prophecy.
With the new fund, DIG will continue investing across Europe, while also considering opportunities in Israel and the United States. Over 15 startups have already received funding from this new vehicle, including:
- Dash0, an observability platform founded by Instana founder Mirko Novakovic (acquired by IBM),
- Nexos.ai, an AI orchestration platform founded by Nord Security founders Tomas Okmanas and Eimantas Sabaliauskas,
- PolyAPI, an enterprise middleware platform founded by former MuleSoft, Google, and Oracle executive Darko Vukovic.
Institutional LPs in the fund include The Hillman Company, Granite Capital, Sofina, and Grove Street. The round also attracted participation from top European tech founders, including Datadog founder Olivier Pomel, and a number of MuleSoft executives.
DIG takes a hands-on approach to GTM strategies – helping startups hire the right talent, refine sales strategies, expand into new markets (especially the US), and prepare for future fundraising rounds.
