DTCP Launches €500M ‘Project Liberty’ To Boost European Defense And Resilience Investments

Independently managed by DTCP, the fund targets institutional investors, family offices and corporates, aiming to support European defense and dual-use tech companies while strengthening Europe’s technological capabilities and security resilience.

Vicente Vento, CEO of DTCP, comments: “Project Liberty represents a highly consistent extension of our role as a specialist investment platform. Defense and resilience have been converging with technology and infrastructure investing for more than a decade – precisely where DTCP, through DTCP Growth and DTCP​ Infra, has deep expertise and numerous touchpoints with the defense industry. There are few areas that fit more naturally with our existing platforms.”

Between 2025 and 2026 European defence, dual-use and adjacent cybersecurity sectors have seen steady early- and mid-stage investment. Notable rounds include Germany’s Project Q (€7.5M Seed), Lithuania’s Repsense (€2M) and UAV developer Monopulse (€1.12M) while Destinus secured €50M for autonomous aerospace systems.

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Dedicated defence-focused funds are also emerging, such as Keen Venture Partners’ €125M fund and Expeditions Fund II (€100M+). Together, these rounds total roughly €300M showing fragmented early-stage investment.

In this context, DTCP’s €500M Project Liberty stands out as a significantly larger, later-stage-capable fund, signalling a shift toward substantial capital pools for scaling European defence and dual-use technology companies.

“For decades Europe has underinvested in defense while geopolitical risks have steadily increased. In parallel, we are witnessing a profound technological transformation across the entire value chain – from surveillance and sensing to software-defined systems, advanced materials, autonomous platforms, and satellite and communications infrastructure.

“As major Western governments have now embarked on a long-term and irreversible path to modernise their defense capabilities, we are highly confident in the structural growth prospects of this sector for decades to come,” adds Vicente.

Founded in 2015, DTCP is a global investment management platform with around €3 billion under management and a track record of over 50 investments, including 19 exits. Its portfolio spans cybersecurity, AI, and dual-use companies like Arctic Wolf, Axonius, Zenity, Anomali, Ox Security and German DefenseTech unicorn Quantum Systems.

While primarily focused on Europe, Project Liberty may also invest selectively in defense and security technologies from NATO members and allied countries where strategically aligned with European security interests.

Thomas Preuß, Managing Partner at DTCP and Chief Investment Officer of ‘Project Liberty’: “We named the fund Project Liberty because it is about more than capital alone. Technological capability is a core prerequisite for Europe’s sovereignty, security, and democratic stability. Our objective is to support the development of a strong European security architecture through targeted investments in scalable, high-performance technologies.

“At the same time Project Liberty follows a clear, return-driven investment approach. We combine capital with deep operational expertise, an international network, and long-standing experience working with industrial partners and public-sector stakeholders. In this sector, access, governance, and the ability to scale are critical – and this is where we believe DTCP brings distinct value as a long-term, active investor.”

With Project Liberty, DTCP is targeting European defense and dual-use technology companies at Series A to C stages, planning up to 30 investments with an average size of around €20 million. The fund focuses on companies that enhance or innovate defense and security capabilities, including software, cybersecurity, AI, and autonomous systems.

About DTCP

DTCP is a global investment management firm specializing in growth equity and digital infrastructure. The firm focuses on connecting people, capital, and ideas to support innovative companies, helping them scale and succeed. Its portfolio spans technology, cybersecurity and infrastructure with a track record of strategic investments and successful exits.