Europe has seen a surge in growth funds, with German investment management firm DTCP closing its third growth fund and launching a new early-stage fund, Incharge Capital, in partnership with Porsche, focusing on mobility startups. The combined total raised was an impressive $450 million.
While DTCP has evolved into “Digital Transformation Capital Partners,” it initially stood for Deutsche Telecom, which remains a key investor in DTCP Growth.
Despite facing challenges in fundraising, DTCP had a successful close at $330 million for its growth fund, allowing investments in companies like Anecdotes, Cognigy, Cohere, and Quantum Systems, all focusing on AI and automation.
SoftBank’s involvement as a major investor in DTCP Growth solidifies its ties with the German telco industry and supports DTCP’s strategy of larger investments, ranging from Series B to late-stage funding rounds.
In comparison to other initiatives addressing the lack of growth equity in Europe, DTCP’s established relationships and track record set it apart. With successful exits and a focus on enterprise software companies, DTCP has positioned itself as a leader in the space.
M&A in Mind
DTCP’s strategic approach to preparing companies for acquisitions has yielded notable successes, such as LeanIX’s acquisition by SAP. By investing in acquisitive market segments and utilizing data-driven strategies, DTCP sets the stage for successful exits.
With a global presence and a unique investment approach using DTCP Flightpath, the firm is well-positioned to identify and nurture potential investments. The addition of an early-stage fund demonstrates DTCP’s commitment to adapting to the evolving market needs.
This article has been updated to correct the total number of investments made by DTCP.
