T.Capital

FOCUS

STAGES

Series ASeries BGrowthBuyout

SECTORS

Artificial IntelligenceSoftware & SaaSDeep TechConsumer & E-commerceClimate & Energy

ASSET MIX

Venture capitalPrivate equityDirect investments

GEOGRAPHY

EuropeUnited StatesIsrael

WHAT IT IS

Corporate VC. A corporation investing from its own balance sheet, usually with strategic goals.

ABOUT

T.Capital (Deutsche Telekom Capital Partners Management GmbH, Hamburg) is the strategic investment arm of Deutsche Telekom and manages €2.3 billion on the group's behalf through two strategies. Its Ventures team invests €2–5 million, mainly as a strategic follower, at Series A to C in Europe, the US and Israel; its Tech Fund team takes control or significant minority positions of €50–300 million in growth equity and buyouts in Europe and the US. The mandate grew out of the platform Deutsche Telekom built from 2015 as DTCP; the team page dates T.Capital's founding team to 2023 and says the former hub:raum early-stage portfolio was merged into it. Portfolio companies are expected to partner with Deutsche Telekom through pilots, joint go-to-market and cross-selling.

INVESTMENT THESIS

Invests in category-defining technology businesses where Deutsche Telekom can add value through pilots, joint go-to-market and cross-selling: Ventures as a strategic follower at Series A to C (€2–5m) and the Tech Fund in growth equity and buyouts with control or significant minority positions (€50–300m) in AI, defence tech, cloud, cybersecurity and IoT.

PORTFOLIO (33)

• Quantum SystemsNOTABLE
  Deep Tech · since 2025
• LovableNOTABLE
  Artificial Intelligence · since 2025
• Black Forest LabsNOTABLE
  Artificial Intelligence · since 2025
• n8nNOTABLE
  Software & SaaS · since 2025
• ElevenLabsNOTABLE
  Artificial Intelligence · since 2025
• PerplexityNOTABLE
  Artificial Intelligence · since 2024
• HappyRobot
  Artificial Intelligence · since 2026
• Dash0
  Software & SaaS · since 2026
• Decagon
  Artificial Intelligence · since 2025
• Filigran
  Software & SaaS · since 2025
• Nscale
  Artificial Intelligence · since 2025
• Mondoo
  Software & SaaS · since 2024
• Marvel Fusion
  Climate & Energy · since 2024
• Equativ
  Media & Entertainment · since 2024
• Pachama
  Climate & Energy · since 2023 · Exited (to Carbon Direct)
• Airalo
  Consumer & E-commerce · since 2023
• Desquared
  Software & SaaS · since 2023
• GoStudent
  Education · since 2022
• Kinexon
  Industrial & Manufacturing · since 2022
• MobiledgeX
  Software & SaaS · since 2017 · Acquired (by Alphabet)
• Prosimo
  Software & SaaS · since 2022
• Helium
  Crypto & Web3 · since 2022
• Teridion
  Software & SaaS · since 2022
• Everphone
  Software & SaaS · since 2020
• SignalWire
  Software & SaaS · since 2021
• Sitetracker
  Software & SaaS · since 2021
• 1NCE
  Software & SaaS · since 2018
• Cynet
  Software & SaaS · since 2020
• vHive
  Software & SaaS · since 2020
• Relayr
  Industrial & Manufacturing · since 2018 · Acquired (by Munich Re)
• SWYX
  Software & SaaS · since 2013 · Acquired (by Waterland)
• DocuSign
  Software & SaaS · since 2015 · Exited
• IDQ (ID Quantique)
  Deep Tech · since 2018 · Exited (to IonQ)

TEAM

• Oliver Schmäschke
  Managing Partner; Managing Director (Geschäftsführer) · source
• Vicente Vento Bosch
  Managing Director (Geschäftsführer) · source
• Martin Klima
  Managing Director (Geschäftsführer) · source
• Dr. Stefan Graiche
  Authorised signatory (Prokurist) · source
• Thorsten Langheim
  Chairman (Deutsche Telekom Board Member USA & Group Development) · source
• Maneesh Sharma
  Partner, Tech Fund · source
• Till Sutor
  Partner, Tech Fund · source
• Julian Primer
  Tech Fund · source
• Nick Niemeyer
  Tech Fund · source
• Tomás Pacheco
  Tech Fund · source
• Marlon Sajko
  Tech Fund · source
• Karine Peters
  Ventures · source
• Joshua Müller
  Ventures · source
• Sarah Röhm
  Ventures · source
• Fadi Al-Kayid
  Ventures · source
• Akhil Joe Jimmy
  Ventures · source
• Ronja Lehnhardt
  Chief of Staff · source
• Elena Bogdanova
  DT Group Development; manages the former hub:raum portfolio · source
• Julia Kainz
  Leads Deutsche Telekom's Tech Fund and Venture Investments (DT Group Development) · source
• Jonathan Hupfer
  Senior manager, Tech Fund team (DT Group Development) · source
• Carlos Lopez Granado
  Tech Fund team (DT Group Development) · source
• David Schröder
  Tech Fund team (DT Group Development) · source
• Thomas Kratz
  Head of M&A, Deutsche Telekom (DT Group Development) · source
• Arne Brix
  Chief of Staff to Thorsten Langheim; Head of Finance, Group Development & USA (DT Group Development) · source
• Christoph Unkels
  Staff member to Thorsten Langheim (DT Group Development) · source

LINKS

• Website
• Official contact page
• LinkedIn

FAQ