DIG Ventures Closes €120M Fund to Back European AI Infrastructure

European venture capital firm DIG Ventures has closed its third fund at $120 million to invest in early-stage companies building AI infrastructure and cloud solutions. The fund targets Europe's emerging AI startup ecosystem, supporting entrepreneurs developing critical technology infrastructure. This demonstrates growing investor confidence in Europe's AI sector as competition with US and China intensifies.

Byte's take

Europe's AI infrastructure bet just got €120M richer—and it's about time. DIG Ventures' third fund targets the continent's most critical gap: homegrown compute and cloud layers that don't feed Silicon Valley, directly advancing EU digital sovereignty goals outlined in the AI Act.