Rytis Vitkauskas
Rytis Vitkauskas is a Lithuanian, UK-based venture capitalist and entrepreneur and a general partner at DIG VenturesDIG VenturesDIG Ventures is a London-based early-stage venture capital firm that invests mainly at the pre-seed and seed stages in enterprise software, AI, and cloud infrastructure companies in Europe (and also Israel), positioning itself as “operator-led.” It was founded in 2018 by MuleSoft founder Ross Mason, initially as his family office; it closed its first institutional fund (Fund II, $100 million) in April 2025 and announced the close of its $120 million Fund III in October 2026.Open the full entry, a London early-stage venture firm. In 2012 he co-founded the event discovery and booking app YPlan in London and served as its CEO; the company was acquired by Time Out Group in 2016. He then invested at Target Global and Lightspeed Venture Partners, where he was the firm’s first partner in London.
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Key facts
2010Avast Investment at Summit Partners
2012Co-Founding YPlan in London
In 2012, Vitkauskas co-founded YPlan in London with Viktoras Jucikas and served as its CEO. The mobile app offered users a curated selection of shows, concerts, and other events happening in their city that night or very soon, bookable in a couple of clicks within the app; by late 2012 it had raised $1.7 million from Wellington Partners and Octopus Investments, and its angel backers included lastminute.com co-founder Brent Hoberman and Sherry Coutu.[3][4][4][5][6][4][4]
June 4, 2013Series A and Expansion to New York
In June 2013, YPlan closed a $12 million Series A led by General Catalyst Partners, with Wellington Partners and Octopus Investments participating, and announced its expansion to New York. Vitkauskas said its core users were time-starved city dwellers between 20 and their late 30s, and that the company was investing in its personalization and recommendation engines.[6][6][6]
November 25, 2014Series B, Layoffs, and Pivot
In November 2014, YPlan raised a $24 million Series B led by Octopus Investments, Wellington Partners, and General Catalyst, with Nokia Growth Partners joining as a new investor, bringing its total funding to just under $38 million. At the same time it cut its direct sales team responsible for signing event deals and rebuilt the product as a self-service platform where event organizers could add and manage their own listings; it then covered San Francisco, New York, Las Vegas, and London and had about 70 employees worldwide, 50 of them in London. Vitkauskas said YPlan had grown 300% over the previous year and had more than 1 million downloads.[3][3][3][3][3][3]
October 21, 2016YPlan Acquired by Time Out Group
April 2019Target Global’s London Office
September 2019Lightspeed’s First Partner in London
According to his LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry profile, Vitkauskas joined U.S. venture firm Lightspeed Venture Partners in September 2019 as its first partner in London.[9][2]
September 12, 2022Joining DIG Ventures
October 1, 2026DIG Fund III
On October 1, 2026, DIG announced the close of its $120 million third fund; Vitkauskas leads the firm with Ross MasonRoss MasonRoss Mason is a British software entrepreneur and venture capitalist, the creator of the open-source integration framework Mule and founder of the enterprise integration software company MuleSoft. MuleSoft listed on the New York Stock Exchange in 2017 and was acquired by Salesforce in 2018 for an enterprise value of approximately $6.5 billion; that same year he founded the London early-stage venture firm DIG Ventures, where he is founding partner.Open the full entry and Melissa KlingerMelissa KlingerMelissa Klinger is a British venture capitalist and a general partner at DIG Ventures, a London early-stage venture firm. She was formerly UK sales lead at the enterprise integration software company MuleSoft; after Salesforce acquired MuleSoft, she co-founded DIG Ventures with Ross Mason, and she specializes in helping technical founders build their go-to-market capabilities.Open the full entry. He said the fund targets enterprise infrastructure and technical software in and around AI enablement, and that while a great deal of LP capital is flowing into very large multi-stage funds, this fund aims to address a gap in Europe.[12][12][2][2][2]
Investment Career
As of October 2026, Vitkauskas is a general partner at DIG Ventures. According to DIG, he has backed eight unicorns and one decacorn, including Dash0, Personio, Matillion, and Nord Security, and focused on early- and growth-stage companies at Lightspeed, Target Global, and Summit Partners.[1][1][1]
Related Organizations, Websites, and Public Accounts
DIG Ventures: Official website: https://dig.ventures/ (opens in a new window).[1]
LinkedIn: Public profile: https://www.linkedin.com/in/rvitkauskas/ (opens in a new window)[1]
Sources
- Team | Dig Ventures (opens in a new window)
- MuleSoft founder’s DIG Ventures closes $120M Fund III to back 30 AI infrastructure startups (opens in a new window)
- YPlan Raises $24M, Lays Off Staff And Pivots To Self-Serve Platform (opens in a new window)
- Stuck For New Year’s Eve In London? YPlan Takes Last-Minute Booking Mobile (opens in a new window)
- With 300K Downloads, London-Based YPlan Launches Stateside In New York (opens in a new window)
- YPlan Series A (opens in a new window)
- Time Out acquires events discovery and booking platform YPlan for as little as £1.6M (opens in a new window)
- Target Global, the Berlin-headquartered VC, opens London office (opens in a new window)
- Lightspeed is close to hiring a new London-based partner to put down further roots in Europe (opens in a new window)
- DIG VENTURES ADVISORS LIMITED people - Find and update company information (opens in a new window)
- A fresh $100M rolls into Dig Ventures as it bids to woo early-stage European startups (opens in a new window)
- DIG Ventures closes $120M Fund III to back Europe’s AI infrastructure startups (opens in a new window)