Private Equity FundPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 13 SOURCES

DTCP (Digital Transformation Capital Partners)

Also known as DTCP, Digital Transformation Capital Partners GmbH, Digital Transformation Capital Partners, DTCP Growth, DTCP Infra, DTCP Defence

Hamburg investment platform (founded 2015, €5bn AUM) running growth equity, digital infrastructure and defence strategies for institutional, corporate and family investors.

Hamburg investment platform (Digital Transformation Capital Partners GmbH). Not the same as T.Capital (Deutsche Telekom Capital Partners Management GmbH, slug t-capital), Deutsche Telekom's own strategic investment arm, although both use the same Hamburg address and share managing directors, and DTCP lists T.Capital as a partnership.

HEADQUARTERS: Hamburg, Germany
FOUNDED: 2015
AUM: €5B (2026)
OUTSIDE CAPITAL: Yes
TEAM LISTED: 20 people

Focus

STAGES: Series BGrowthBuyout
SECTORS: Software & SaaS Artificial Intelligence Deep Tech Space Industrial & Manufacturing
ASSET MIX: Private equityVenture capital
GEOGRAPHY: EuropeUnited StatesIsrael

Investment arms & vehicles

DTCP Growth
Growth equity in enterprise SaaS, cybersecurity, AI infrastructure, DevOps, cloud and robotics in Europe, the US and Israel; Series B and later, $5-50m minority tickets; funds include DTCP Growth Equity III SCSp SICAV-RAIF
DTCP Infra
Digital infrastructure (data centres, mobile towers, fibre, land and power) in the European mid-market; €3.4bn strategy AUM; funds include Digital Infrastructure Vehicle II SCSp (DIV II)
DTCP Defence (DTCP Defence Fund I / DTCP Liberty Defence Fund SCSp SICAV RAIF)
Europe-led, NATO-aligned defence, security and resilience technology fund; first close €455m (Sep 2026), target €500m; €10-30m tickets
Incharge Capital Partners
Joint venture of DTCP and Porsche SE investing early in mobility technology companies (land, sea, air); Incharge Fund I SCSp SICAV RAIF

Overview

DTCP (Digital Transformation Capital Partners) is a Hamburg-based investment platform founded in 2015 that reports more than 70 investments, more than 25 exits and €5bn of assets under management. DTCP Growth backs enterprise SaaS, cybersecurity and AI companies from Series B onward in Europe, the US and Israel; DTCP Infra invests in European mid-market digital infrastructure such as data centres, towers and fibre; and DTCP Defence closed its first fund at €455m in September 2026 with investors including Deutsche Telekom, Porsche SE, EIFO, Danica and SmartCap. Its funds are Luxembourg partnerships that DTCP advises; the German company is a BaFin-licensed investment firm. It also runs Incharge Capital Partners, a joint venture with Porsche SE.

Investment thesis

Specialist strategies around digital transformation: growth equity in category-leading enterprise software (post product-market fit, $3-100m ARR, 80%+ growth, $5-50m minority checks); mid-market digital infrastructure assets with long-term contracts; and growth-stage European defence and dual-use technology (AI, autonomy, cyber defence, secure communications, space), mainly Series B and later.

PORTFOLIO (53)

Quantum SystemsNOTABLE
Deep Tech
Arctic WolfNOTABLE
Software & SaaS
Kraken Technology Group
Deep Tech · since 2026
Six Robotics
Deep Tech · since 2026
Aircall
Software & SaaS
anecdotes
Software & SaaS
Anomali
Software & SaaS
AppsFlyer
Software & SaaS
Aryaka
Software & SaaS
Axonius
Software & SaaS
Cohere
Artificial Intelligence
Dash0
Software & SaaS
Dexory
Industrial & Manufacturing
Fornova
Software & SaaS
Hunters
Software & SaaS
Iterable
Software & SaaS
Morphisec
Software & SaaS
Neo4j
Software & SaaS
OX Security
Software & SaaS
Resistant AI
Artificial Intelligence
SafeBreach
Software & SaaS
SPREAD
Artificial Intelligence
Zenity
Software & SaaS
Cerby
Software & SaaS
Heap
Software & SaaS · Exited (acquired by Contentsquare, per team bio)
Dynamic Signal
Software & SaaS · Merged with SocialChorus, 2021
Dynamic Yield
Software & SaaS · Acquired (McDonald's, 2019)
Pipedrive
Software & SaaS · Majority investment by Vista Equity Partners
Cognigy
Artificial Intelligence · Acquired (NiCE, 2025)
Dremio
Software & SaaS · Acquired (SAP, 2026)
LeanIX
Software & SaaS · Acquired (SAP, 2023)
Signavio
Software & SaaS · Acquired (SAP, 2021)
Auth0
Software & SaaS · Acquired (Okta, 2021)
Epsagon
Software & SaaS · Acquired (Cisco, 2021)
Guardicore
Software & SaaS · Acquired (Akamai Technologies, 2021)
NS1
Software & SaaS · Acquired (IBM, 2023)
PerimeterX
Software & SaaS · Merged with HUMAN, 2022
Paxata
Software & SaaS · Acquired (DataRobot, 2019)
Fireglass
Software & SaaS · Acquired (Symantec, 2017)
Nexmo
Software & SaaS · Acquired (Vonage, 2016)
Replay Technologies
Media & Entertainment · Acquired (Intel, 2016)
Cellnex NL
Industrial & Manufacturing
Community Fibre
Industrial & Manufacturing
Dark Fiber Group
Industrial & Manufacturing
fiber experts
Industrial & Manufacturing
GreenScale
Industrial & Manufacturing
maincubes
Industrial & Manufacturing
open dutch fiber
Industrial & Manufacturing
Valtilon
Industrial & Manufacturing
Keepler
Software & SaaS · Acquired (Accenture, 2026)
Cellnex Switzerland
Industrial & Manufacturing · Acquired (Cellnex, 2019)
Cellwize
Software & SaaS · Acquired (Qualcomm Technologies, 2022)
Cloudreach
Software & SaaS · Acquired (Eviden, an Atos business, 2022)

People

Vicente Vento
Founder & CEO, Managing Partner; managing director (Imprint: Vicente Vento Bosch) · source
Thomas Preuß
Managing Partner; Chief Investment Officer at DTCP Defence; investment committees of the DTCP Growth funds · source
Philipp von Bismarck
Managing Partner; DTCP Infra investment committee; authorised signatory · source
Martin Klima
Chief Financial Officer; managing director (Imprint) · source
Jack Young
Managing Partner, Continuation · source
Ole Aguirre
Partner, DTCP Defence · source
Georgia Watson
Partner, DTCP Defence · source
Waldemar Maurer
Partner, DTCP Infra · source
Lance Matthews
Partner, DTCP Growth (US team) · source
Michael Rager
Partner, DTCP Growth · source
Jan-Michael Dierkes
Managing Director, General Counsel and Head of ESG; leads the Luxembourg team · source
Susie Meier
Managing Director, DTCP Growth · source
Dean Shahar
Managing Director, DTCP Growth · source
Jonas Janssen
Managing Director, DTCP Growth · source
Bart de Jong
Managing Director, DTCP Infra · source
Anselm Maur
Managing Director, DTCP Infra · source
Tim Hofmann
Managing Director, DTCP Infra · source
Krishnan Patel
Head of Investor Relations, DTCP Growth · source
Stephan Grillmaier
Head of Capital Formation Real Assets · source
Thorsten Langheim
Senior Advisor (Board Member of Deutsche Telekom) · source

Frequently asked questions

DTCP (Digital Transformation Capital Partners) is a private equity fund based in Hamburg, Germany, founded in 2015.

Yes. DTCP (Digital Transformation Capital Partners) invests its own capital in private companies.

DTCP (Digital Transformation Capital Partners) invests at Series B, Growth and Buyout stages in Software & SaaS, Artificial Intelligence, Deep Tech, Space and Industrial & Manufacturing.

DTCP (Digital Transformation Capital Partners)'s stated ticket size is $5M–$50M.

Key people at DTCP (Digital Transformation Capital Partners) include Vicente Vento (Founder & CEO, Managing Partner; managing director (Imprint: Vicente Vento Bosch)), Thomas Preuß (Managing Partner; Chief Investment Officer at DTCP Defence; investment committees of the DTCP Growth funds), Philipp von Bismarck (Managing Partner; DTCP Infra investment committee; authorised signatory) and Martin Klima (Chief Financial Officer; managing director (Imprint)).

DTCP (Digital Transformation Capital Partners)'s investments include Quantum Systems, Arctic Wolf, Kraken Technology Group, Six Robotics, Aircall, anecdotes, Anomali and AppsFlyer, among others.

The most recent publicly reported investment by DTCP (Digital Transformation Capital Partners) is Kraken Technology Group ($175M Series B (lead, via DTCP Defence fund)), announced in Jul 2026.

Yes. DTCP (Digital Transformation Capital Partners) manages capital from outside investors.