MuleSoft founder's DIG Ventures closes €106 million Fund III for Europe's AI and cloud infrastructure startups
London-based venture capital firm DIG Ventures has closed its third fund at €106 million ($120 million) to invest in European enterprise and cloud infrastructure companies supporting the growth of artificial intelligence. The fund is backed by several institutional investors.
DIG Ventures, a London-based venture capital firm, has announced the close of its third investment vehicle, Fund III, raising €106 million, equivalent to roughly $120 million. The firm focuses its investments on companies building cloud infrastructure and other technology solutions that underpin the broader growth of artificial intelligence.
Backers and institutional support
Fund III's capital comes from a group of institutional limited partners, including Horsley Bridge, Sofina, Granite, and a leading US university endowment. The involvement of this range of investors signals confidence in the firm's strategy and its track record of identifying promising European technology companies.
Focus on AI infrastructure
DIG Ventures concentrates on enterprise and cloud infrastructure businesses that form the backbone for developing and deploying artificial intelligence solutions, an area that has seen rapid growth and rising investor interest globally in recent years. The newly closed fund will allow the firm to continue and expand this investment focus across the European market.
The announcement did not include further details on specific companies the fund plans to back or other initiatives connected to the firm's operations.
