The telecommunications company has earmarked 20% of the funds for corporate venturing unit Deutsche Telekom Capital Partners to Israel-based companies.
Germany-based telecommunications company Deutsche Telekom has earmarked €100m ($114m) for investment in Israel-based companies, The Marker reported yesterday.
The capital will come out of the €500m Deutsche Telekom allocated to corporate venturing subsidiary Deutsche Telekom Capital Partners (DTCP), which was launched in November 2014 to make both early-stage and later-stage equity investments.
The money is expected to be committed over the next five years. T-Venture, the company’s previous corporate venturing unit, is being wound down as a result, and follow-on…