Early growth venture capital company DTCP (Digital Transformation Capital Partners), with its headquarters in Germany, has announced the first closing of its $300 million Growth Equity fund. The fund was established in March of this year and has already raised money from institutional, corporate, family office, and existing investors, including Deutsche Telekom and Softbank.
It plans to close fundraising in 2023. In addition to IT applications, GE III will invest in cloud-based enterprise software, business Software-as-a-Service (SaaS) providers, web3, AI, fintech, vertical SaaS solutions, and cloud infrastructure software.
Investment possibilities in outstanding businesses and the category leaders in the enterprise software market are exceptional given the present market conditions and the recent valuation reset. In carefully weighing risks and benefits, they will deploy the Fund with patience and discipline. They may continue to find leaders in their target areas and assist them in scaling up to realise their full potential by using their automated proprietary benchmark methodology and in-depth industry expertise.
DTCP’s predecessor growth equity funds GE I and GE II have invested $410 million into 32 enterprise software companies across Europe, Israel, USA and Asia.
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