{
  "id": 11133619,
  "title": "DIG Ventures closes $120M Fund III to back Europe’s AI infrastructure startups",
  "url": "https://urgent.news/2026/10/01/dig-ventures-closes-120m-fund-iii-to-back-europes-ai-infrastructure",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-01T07:15:00.000Z",
  "source": {
    "name": "Tech.eu",
    "slug": "tech-eu",
    "url": "https://tech.eu/2026/10/01/dig-ventures-closes-120m-fund-iii-to-back-europes-ai-infrastructure-startups/"
  },
  "original_language": "en",
  "account": null,
  "summary": "European venture capital firm DIG Ventures has successfully closed its third fund, Fund III, at a valuation of $120 million. The fund aims to invest in early-stage companies building AI-native enterprise and cloud infrastructure across Europe. DIG Ventures, founded in 2018, is led by Ross Mason, a former founder of MuleSoft, and has a team with extensive operating experience. The fund's LPs include Horsley Bridge, Sofina, Granite, and a prominent US university endowment fund. DIG Ventures plans to back approximately 30 European companies at the pre-seed and seed stages, focusing on infrastructure supporting AI-native enterprise software. The firm intends to lead most of the rounds and has already begun deploying capital from the fund. Fund III's investment thesis centers on the infrastructure needed as AI makes software faster and cheaper to develop, with a particular emphasis on data, identity, compliance, and orchestration. DIG Ventures has a track record of successful investments, with 80% of Fund II companies raising additional institutional capital within two years of its investment, and over 90% of commercially launched companies entering the US market within 12 months.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Sifted",
        "title": "Exclusive: Dig Ventures raises $120m to back Europe’s AI infrastructure startups",
        "url": "https://urgent.news/2026/10/01/exclusive-dig-ventures-raises-120m-to-back-europes-ai-infrastructure",
        "published": "2026-10-01T04:30:53.000Z"
      },
      {
        "outlet": "EU-Startups",
        "title": "MuleSoft founder’s DIG Ventures closes €106 million Fund III to back Europe’s AI and cloud infrastructure startups",
        "url": "https://urgent.news/2026/10/01/mulesoft-founders-dig-ventures-closes-106-million-fund-iii-to-back",
        "published": "2026-10-01T07:00:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}