A fresh $100M rolls into DIG Ventures as it bids to woo early-stage European startups

The number of “operator VCs” — former founders turned VCs — in Europe in recent years. This is common in the U.S., where the majority of VCs are former founders. The reverse is true in Europe, where most come from banking or finance. Recent examples in Europe include Wise founder Taavet Hinrikus, Glovo founder Oscar Pierre (Yellow Fund), and Pitch founder Christian Reber. After exiting MuleSoft to Salesforce in 2018 for a cool $6.5 billion, founder Ross Mason set up DIG Ventures initially as a family office and later transitioned it to VC. He did this with Melissa Klinger, DIG Partner, and the former U.K. sales lead at MuleSoft. DIG has now launched its second — and first institutional — fund closing out at $100 million, to invest in B2B SaaS, AI, and cloud infrastructure startups, at pre-seed and seed stages, mainly across Europe, but also considering startups located in Israel and the U.S. The new fund is backed by LPs including The Hillman Company, Granite Capital, Sofina, and Gro ... Read full article.