[DIG Ventures Completes $120 Million Fundraising for Third Fund, Betting on AI Infrastructure Startups] Odaily Planet Daily News – Venture capital firm DIG Ventures announced the completion of fundraising for its third fund, totaling $120 million. The fund will invest in pre-seed and seed-stage AI-native enterprise software and cloud infrastructure startups in Europe. The fund is backed by institutions such as Horsley Bridge, Sofina, Granite, and a leading U.S. university endowment fund. Its entrepreneur LP lineup includes founding team members from companies like Slack, Datadog, Nord Security, Cast AI, Supercell, and Dash0. DIG Ventures stated that Fund III will focus on supporting approximately 30 companies, with investment areas including infrastructure for data, identity authentication, compliance, and orchestration to support AI-native enterprise software development. The fund plans to lead most investment rounds and has already begun deploying capital. DIG Ventures was founded in 2018 and is led by MuleSoft founder Ross Mason, former MuleSoft UK sales head Melissa Klinger, and YPlan founder and former Lightspeed Venture Partners partner Rytis Vitkauskas. The firm’s previous portfolio includes AI observability platform Dash0, AI HR platform Jack & Jill, and AI orchestration platform Nexos.ai. (tech.eu)