The Deutsche Telekom spinoff’s Growth Equity III Fund has completed a $300m first close backed by its former parent company as well as SoftBank.
Digital Transformation Capital Partners (DTCP), the Germany-based, corporate-backed investment manager spun off by telecommunications provider Deutsche Telekom, has reached a $300m first close for its Growth Equity III (GE III) Fund.
DTCP launched the fund in March 2022 and it is backed by Deutsche Telekom, Japan-headquartered peer SoftBank and unnamed additional corporates, pension funds and family offices.
GE III seeks to invest in series B to D-stage IT technology developers, particularly enterprise software, cybersecurity and web3 companies. With a specific focus…
