DTCP Raises $450 Million for New Growth and Early-Stage Funds
About DTCP
Founded in 2015, DTCP (Digital Transformation Capital Partners) is an independent German investment firm originally connected to Deutsche Telekom. DTCP invests in enterprise companies focused on cloud-based software and data-driven technologies. The firm employs a thesis-driven and data-driven strategy, using its in-house software, DTCP Flightpath, to evaluate companies and their KPIs. The "DT" in DTCP once stood for Deutsche Telekom, which has now returned as DTCP Growth’s anchor investor.
New Fund Details:
- Fund Size: DTCP has finalized its third growth fund and initiated a new early-stage fund, Incharge Capital, totaling $450 million.
- Investors : The primary investors are Deutsche Telekom as the anchor investor and SoftBank as the second-largest, along with other limited partners.
- Growth Fund: DTCP's growth fund, now at approximately $330 million, focuses on investments ranging from $20 million to $25 million in Series B to late-stage funding rounds.
- Early-Stage Fund: Incharge CapitalDealroom has a profile for this one. Try Dealroom →, a joint venture with Porsche, focuses on mobility startups and is based in Berlin with a fund size of $125 million.
- Investments: DTCP Growth has made four investments in companies focused on AI and automation: Anecdotes, Cognigy, Cohere, and Quantum Systems.
- M&A Focus: The firm prepares its portfolio companies for acquisitions, with notable deals like LeanIX's €1.2 billion acquisition by SAP.
Source: TechCrunch
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