DTCP launches growth fund

With a volume of 300 million US dollars, the fund is intended to support tech start-ups that are on the cusp of scaling up.

The Hamburg-based venture capital fund DTCP is launching a growth fund with a volume of 300 million US dollars. Investors behind the fund include Softbank Group International and Deutsche Telekom. The capital is to flow into tech start-ups from Europe, Israel and the USA that are on the critical threshold of scaling up. The fund is aiming to make around 25 equity investments in the region of 20 to 25 million US dollars.

"The current market environment and the associated adjustment in company valuations currently offer a unique opportunity to invest in great companies, including the market leaders in enterprise software," says Jack Young, Managing Partner at DTCP Growth. The fund aims to identify leading companies and help them realize their growth potential.

The fund has already completed its first transaction and invested 15 million US dollars in Cognigy as part of a Series B round. The Düsseldorf-based start-up has developed a conversational AI platform for the creation of voice and chatbots for customer service. DTCP also intends to invest in similar companies in the future. The investments will focus on the areas of artificial intelligence, cybersecurity, Web3, vertical SaaS solutions, IT applications and cloud infrastructure software.