News Summary

DIG Ventures, co-founded by Ross Mason and Melissa Klinger, has successfully closed its first institutional fund at $100 million. The venture capital firm, built by former startup operators, aims to invest in B2B SaaS, AI, and cloud infrastructure startups at pre-seed and seed stages, primarily in Europe but also in Israel and the U.S. The fund is backed by notable LPs, including The Hillman Company and Granite Capital. DIG Ventures positions itself as a hands-on, operator-led fund, leveraging its team’s experience in go-to-market strategies and technical expertise. The fund has already started deploying capital into companies like Dash0 and Nexos.ai. Mason and Klinger highlight Europe’s unrealized potential in AI, with a strong talent pool at a lower cost than the U.S., and emphasize the importance of technical products and market strategies in their investment approach.