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DTCP Closes $450M for Growth / Venture Investment Strategies

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DTCP, a Hamburg, Germany-based independent investment management firm focused on digitization and automation, held the final close of its DTCP Growth Equity III Fund and an initial closing of its additional B2B early stage investment fund, at a total amount of $450M.

The fund, launched in March 2022, has raised capital from new and existing institutional investors, pension funds, corporations, and family offices, in addition to Deutsche Telekom who served as the anchor investor.

The vehicle is targeting approximately 15 to 20 equity investments in the range of $20 to $25M for businesses in early growth or growth stage, typically as part of a Series B to D or late-stage funding round.

The predecessor growth equity funds GE I and GE II have invested c.$408M into 33 enterprise software companies across Europe, Israel, the US and Asia – 14 of which have been acquired or gone public, including: LeanIX, Signavio, Pipedrive, Auth0, realizing high multiples and already having returned over 100% of the capital to its LPs, with further value in the residual portfolio.

Led by Thomas Preuss, Managing Partner, DTCP Growth invests in companies with a focus on cloud-based enterprise software. The team has made over 30 investments in Europe, Israel, and the US, with notable investments including Aircall, Arctic Wolf Networks, Auth0 (acquired by OKTA), Guardicore (acquired by Akamai), Fastly (NYSE: FSLY), Cohere, LeanIX (acquired by SAP SE), Pipedrive (acquired by Vista Private Equity), and Signavio (acquired by SAP SE). 

DTCP has offices in Hamburg, Frankfurt, London, Luxembourg, San Francisco, and Tel Aviv.

VCWire

26/06/2024